Trading Update

RNS Number : 7170A

Oxford Metrics PLC

27 September 2022

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

27 September 2022

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Trading Update

Oxford Metrics plc (LSE: OMG), the smart sensing software company servicing life sciences, entertainment and engineering markets, provides an update on trading for the current financial year ending 30 September 2022.

The Group has continued to experience high levels of market demand and currently holds its largest ever level of orders-in-hand. However, the global supply chain issues facing the industry have led to the deferment of approximately £3.5m of shipments in the current financial year, and therefore the Board does not now believe the company will meet its full year market expectations. Conscious of the well-reported supply chain challenges, the Group had been monitoring the situation closely as it approached its year end and has been able to mitigate the margin impact of the deferred orders to some extent. The Group now anticipates that these orders, previously expected to be fulfilled in this financial year, will now be shipped in H1 of FY23. 

For further information please contact :

Oxford Metrics	[phone]
Nick Bolton, CEO
David Deacon, CFO
Numis Securities Limited	[phone]
Simon Willis / Hugo Rubinstein / Tejas Padalkar
FTI Consulting	[phone]
Matt Dixon / Jamille Smith / Jemima Gurney

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

 

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