UK's Oxford Metrics hits a more than 6-1/2-year low on tepid outlook

Oxford Metrics

23/09/2024 08:56

** Shares of smart sensing technology company Oxford Metrics
Plc  OMG1.L  down 24.2% at 60 pence, its lowest level since Jan
2018
    ** Stock among top losers across all London stocks     
    ** Co sees FY adjusted PBT materially below market
expectation of 7.8 mln pounds ($10.35 mln)
    ** Expects FY revenue in the range of 40 to 42 mln pounds
against market view of 48.6 mln pounds
    ** Says globally, customers across markets are showing
increased caution, leading to longer decision-making processes
in purchasing
    ** As of last close, stock down about 26% YTD





($1 = 0.7535 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com;))