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Oxford Metrics plc held its Annual General Meeting on 09 February 2023 at 2:00 pm. CEO Nick Bolton stated that the Group entered FY23 with a record order book and currently has 100% visibility on revenue expectations for the full year. He also noted that revenue is expected to be second-half weighted, in line with previous years, and that the industry-wide supply chain situation continues to improve.
| Date | 9 Feb 2023 |
| Time | 07:00:07 |
| Category | AGMs and other meetings |
| ID | 3708P |
9 February 2023
Oxford Metrics plc
("Oxford Metrics" or the "Group")
Annual General Meeting Statement
Oxford Metrics plc (LSE: OMG), the smart sensing software company, servicing life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2.00pm today.
At the AGM, Nick Bolton, Oxford Metrics CEO, will make the following statement:
"Oxford Metrics entered FY23 with a record order book. The Board is pleased to announce that following a good start to the new financial year, the Group has continued to experience high order intake and has a substantial order book. This, together with recently shipped systems and current sales pipeline opportunities, means the Group has 100% visibility on revenue expectations for the full year. In line with previous years, the Group will be second-half weighted in terms of revenue.
"The industry-wide supply chain situation continues to improve and, assuming no unforeseen disruption, the Board remains confident of delivering a trading performance in-line with achieving market expectations for the full year ending September 2023. Further information on trading will be provided when interim results for the six months ending 31 March 2023 are announced."
For further information please contact:
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Oxford Metrics |
+44 (0) 1865 261860 |
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Nick Bolton, CEO |
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David Deacon, CFO |
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Numis Securities Limited |
+44 (0)20 7260 1000 |
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Simon Willis / Hugo Rubinstein / Tejas Padalkar |
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FTI Consulting |
+44 (0)20 3727 1000 |
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Matt Dixon / Emma Hall / Jamille Smith / Jemima Gurney |
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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 Vicon, 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, Germany and New Zealand. 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