TIDMOMG
RNS Number : 4484P
Oxford Metrics PLC
19 October 2021
19 October 2021
Oxford Metrics plc
("Oxford Metrics" or the "Group")
Trading Statement and Capital Markets Day
Oxford Metrics plc (LSE: OMG), the international software
company servicing government, life sciences, entertainment and
engineering markets, provides the following update on trading for
the financial year ended 30 September 2021. Later today, the Group
will hold a Capital Markets Day at which it will discuss its
five-year growth strategy as well as offer interactions with
customers and key management team members.
Trading
The Group expects to report revenues of approximately GBP35.7m
and an Adjusted PBT* of approximately GBP4.6m for the financial
year. The Group finished the year with a robust cash position of
GBP23.0m and no debt.
The stronger than expected outturns were driven by a good
performance across both divisions. Vicon experienced growing demand
during the second half and is expected to report a very profitable
year together with a solid order-book for next financial year.
Yotta achieved its ARR year-end goal and is also expected to
deliver a full year of profitability.
As in many industries, Vicon is currently experiencing some
short-term supply chain challenges arising from the well-publicised
global semiconductor shortage. The Board believes this may impact
revenues in the first half of the next financial year but overall,
the fundamentals at Vicon remain clear and it is very well placed
to capitalise on the substantial market opportunity. Yotta is
expected to achieve continued growth in ARR and improve
profitability further. The Group as a whole, remains in a robust
financial position which enables the business to pursue its
internal investment and M&A objectives in the year ahead.
The Group expects to announce Preliminary Results for the
financial year ended 30 September 2021 on Thursday, 2 December
2021.
Capital Markets Day and five-year growth strategy
At a Capital Markets Day to be held later today, the Group will
outline its strategic growth ambitions for the next five years. It
is the Group's view that the strength of its current platform,
combined with the strong financial footing it has achieved over the
past five years of organic and inorganic revenue growth, provide it
with routes to capitalise on latent opportunities for growth.
More details will be shared of both organic and M&A-driven
activity that the Board believes can deliver its growth ambitions.
At the centre of this activity sits 'Smart Sensing' - the core of
Oxford Metrics' sales and product development strategy, which
enables customers across multiple markets to:
-- 'Sense' data from a wide variety of sensors, including
cameras, across their business and research activities;
-- 'Analyse' that data to better understand the services they
provide, situations they manage or operations they run; and
-- 'Apply' that data to deliver better outcomes and new innovations
Through pursuit of opportunities aligned to these three areas,
Oxford Metrics believes it can meaningfully enhance its product and
go-to-market offering in the coming years, significantly increasing
its Total Addressable Market (TAM) over the next five years. The
event will be recorded and material from the day will be made
available on the Oxford Metrics website.
* "Adjusted PBT has been determined after adding back non-cash
items such as share based payments, amortisation and impairment of
intangibles arising on acquisition and one-off exceptional
costs"
For further information please contact :
Oxford Metrics
+44 (0) 1865 261860
Nick Bolton, CEO
David Deacon, CFO
Numis Securities Limited
+44 (0)20 7260 1000
Simon Willis / Hugo Rubinstein / Matthew O'Dowd
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Jamille Smith / Greg Hynes
About Oxford Metrics
Oxford Metrics develops and markets analytics software for
motion measurement and infrastructure asset management to clients
in over 70 countries worldwide. Our list of clients across the
globe is as diverse as the markets we operate in: we help highways
authorities manage and maintain their road networks, hospitals and
clinicians decide therapeutic strategies and Hollywood studios
create stunning visual effects. And the diversity of applications
is growing all the time.
The Group trades through two market-leading divisions: our
motion measurement division, Vicon, and our infrastructure asset
management division, Yotta. Vicon is the world's leader in
high-precision motion measurement analysis to thousands of
customers worldwide, including Guy's Hospital, EA Sports, MIT and
NASA, and our software is used in an ever-expanding range of
applications. Yotta provides cloud-based infrastructure asset
management software to central and local government agencies and
other infrastructure owners. Yotta has a large number of
high-profile clients including Highways England, over 160 local
authorities across the UK, VicRoads in Australia and Auckland
Motorway System in New Zealand.
Founded in 1984, the Group is headquartered in Oxford with
offices in Leamington Spa, Gloucester, California, Colorado,
Singapore 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
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