UK's Oxford Metrics prelim H1 revenue rises on motion capture strength
UK's Oxford Metrics prelim H1 revenue rises on motion capture strength
Overview
UK smart sensing tech firm's preliminary H1 revenue up 3% on Motion Capture growth
Adjusted EBIT loss narrowed to £0.2m from £0.4m loss, aided by higher margin and cost control
Vision Metrology revenue fell 17% due to delayed customer projects, now expected later in FY26
Outlook
Oxford Metrics maintains FY26 revenue guidance at about £56m for the 15-month period
Company expects further cost optimisation to deliver £1.0-1.6m annualised savings from FY27
Motion Capture pipeline remains supportive; Vision Metrology has improved forward visibility
Result Drivers
MOTION CAPTURE GROWTH - Revenue rose 10% in Motion Capture, supported by international contract wins and demand in entertainment and engineering
VISION METROLOGY DELAYS - Vision Metrology revenue fell 17% due to timing of customer projects and delayed repeat orders
COST DISCIPLINE - Improved gross margin and narrowed adjusted EBIT loss attributed to cost control and higher Motion Capture revenue mix
Company press release: ID:nRSQ5745Ia
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Basic EPS |
| -GBP 0.007 |
|
H1 Pretax Profit |
| -GBP 1 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Oxford Metrics PLC is GBp87.50, about 87.2% above its June 16 closing price of GBp46.75
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)