UK's Oxford Metrics falls after swinging to interim loss

Oxford Metrics

18/06/2025 09:04

** Shares of smart sensing technology company Oxford Metrics OMG1.L fall as much as 6.9% to 54p

** Co posts H1FY25 pretax loss of 0.7 million pounds  ($941,920.00) vs profit of 3.7 million pounds a year ago

** Reports headline group revenue of 20.1 million pounds, down 14% from year-ago levels

** Several pipeline opportunities being cancelled or delayed beyond current financial year with recent U.S. policy changes and reduction in grants and funding

** Board expects FY adj. EBIT to be in line with expectations

** Board approves 4 million pounds extension to share buyback programme totaling 10 million pounds

** YTD, stock down ~2.26%

($1 = 0.7432 pounds)

 (Reporting by Rishab Shaju in Bengaluru)

 ((Rishab.shaju@thomsonreuters.com ; +91 9048142177))