25 October 2023

Oxford Metrics plc

("Oxford Metrics", or the "Group")

Trading Update

-     Record Revenue and Adjusted Profit outturn for FY23

Oxford Metrics (LSE: OMG), the smart sensing software company, servicing life sciences, entertainment and engineering markets, today provides the following update on trading for the financial year ended 30 September 2023. 

The Group expects to report revenues of £44.0m and an Adjusted PBT* of £6.3m, both ahead of current market expectations* for the financial year. The Group finished the year with a robust cash position of £64.8m and no debt.

Following the Group's strongest-ever first half performance, momentum continued into the second half driven by a particularly strong contribution from the Engineering and Life Sciences segments. Vicon continues to see ongoing demand for smart sensing into yet more applications from new and existing customers alike and the new Vicon Valkyrie system launched late last year continues to stimulate demand.  

The Group as a whole remains in a strong financial position which enables the business to pursue its organic growth and M&A objectives in the year ahead.

The Group starts a new financial year with a solid order book. More detail will be provided when Oxford Metrics announces its Preliminary Results for the financial year ended 30 September 2023 which is expected on Tuesday, 5 December 2023.

*Oxford Metrics' compiled market consensus as at 24 October 2023 is as follows: FY23 Revenue £39.00m / FY Adjusted PBT £5.83m.

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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 its market-leading division: Vicon. Vicon is 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, 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