REG - Oxford Metrics PLC - Trading Update

Oxford MetricsAnnouncement

25/10/2023 07:00

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RNS Number : 1686R  Oxford Metrics PLC  25 October 2023

25 October 2023

Oxford Metrics plc

("Oxford Metrics", or the "Group")

 

Trading Update

 

-     Record Revenue and Adjusted Profit outturn for FY23

 

Oxford Metrics (LSE: OMG), the smart sensing software company, servicing life
sciences, entertainment and engineering markets, today provides the following
update on trading for the financial year ended 30 September 2023.

 

The Group expects to report revenues of £44.0m and an Adjusted PBT* of
£6.3m, both ahead of current market expectations* for the financial year. The
Group finished the year with a robust cash position of £64.8m and no debt.

 

Following the Group's strongest-ever first half performance, momentum
continued into the second half driven by a particularly strong contribution
from the Engineering and Life Sciences segments. Vicon continues to see
ongoing demand for smart sensing into yet more applications from new and
existing customers alike and the new Vicon Valkyrie system launched late last
year continues to stimulate demand.

 

The Group as a whole remains in a strong financial position which enables the
business to pursue its organic growth and M&A objectives in the year
ahead.

 

The Group starts a new financial year with a solid order book. More detail
will be provided when Oxford Metrics announces its Preliminary Results for the
financial year ended 30 September 2023 which is expected on Tuesday, 5
December 2023.

 

*Oxford Metrics' compiled market consensus as at 24 October 2023 is as
follows: FY23 Revenue £39.00m / FY Adjusted PBT £5.83m.

 

 

For further information please contact:

 

 Oxford Metrics                                          +44 (0)1865 261860
 Imogen Moorhouse, CEO
 David Deacon, CFO

 Numis Securities Limited                                +44 (0)20 7260 1000
 Simon Willis / Hugo Rubinstein / Tejas Padalkar

 FTI Consulting                                          +44 (0)20 3727 1000
 Matt Dixon / Emma Hall / Jamille Smith / Jemima Gurney

 

 

About Oxford Metrics

 

Oxford Metrics develops software that enables the interface between the real
world and its virtual twin. Our smart sensing software helps over 10,000
customers in more than 70 countries, including all of the world's top 10 games
companies and all of the top 20 universities worldwide. Founded in 1984, we
started our journey in healthcare, expanded into entertainment, winning an
OSCAR® and an Emmy®, then moved into defence and engineering. We have a
track record of creating value by incubating, growing and then augmenting
through acquisition, unique technology businesses.

 

The Group trades through its market-leading division: Vicon. Vicon is a world
leader in motion measurement analysis to thousands of customers worldwide,
including Guy's Hospital, Industrial Light & Magic, MIT and NASA.

 

The Group is headquartered in Oxford with offices in California, Colorado, and
Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company
listed on AIM, a market operated by the London Stock Exchange. For more
information about Oxford Metrics, visit www.oxfordmetrics.com
(http://www.oxfordmetrics.com)

 

 

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