Business
Interim Results for the 6 months ended 31 March 20
Interim Results for the 6 months ended 31 March 20.
About this update from Oxford Metrics Plc
[{"type":"text","content":"\n \n \n RNS Number : 5439N\n Oxford Metrics PLC\n 21 May 2020\n \n \n \n \n 21st May 2020\n \n \n Oxford Metrics plc\n \n \n \n \n \n (\"Oxford Metrics\", the \"Company\" or the \"Group\")\n \n \n Interim Results for the six months ended 31 March 2020\n \n \n \n \n \n Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, announces interim results for the six months ended 31 March 2020. \n \n \n \n \n \n \n \n \n \n \n \n \n H1 FY20\n \n \n \n \n H1 FY19\n \n \n \n \n \n \n Revenue \n \n \n \n \n £15.0m\n \n \n \n \n £16.1m\n \n \n \n \n \n \n Annualised Recurring Revenue\n \n \n \n \n £6.8m\n \n \n \n \n £5.9m\n \n \n \n \n \n \n Adjusted Profit before Tax*\n \n \n \n \n £0.3m\n \n \n \n \n £1.7m\n \n \n \n \n \n \n Statutory Profit/(Loss) before Tax \n \n \n \n \n (£0.1m)\n \n \n \n \n £1.2m\n \n \n \n \n \n \n Net Cash \n \n \n \n \n £10.8m \n \n \n \n \n £10.9m \n \n \n \n \n \n \n Cash as at 20 May 2020\n \n \n \n \n £14.2m\n \n \n \n \n -\n \n \n \n \n \n \n \n *\n \n \n Profit/(loss) Before Tax from continuing operations before Group recharges adjusted for share-based payments, amortisation of intangibles arising on acquisition, change in fair value of deferred consideration payable and unwinding of associated discount factor, Pimloc and exceptional costs\n \n \n \n Commenting on the results Nick Bolton, Chief Executive said:\n \n \n \n \"The Group had a strong start to FY20\n \n \n , recording our second highest ever first half revenue performance. \n \n \n COVID-19 forced lockdowns in March caused a delay in shipment of Vicon orders during the final two weeks of the period which meant we carried orders into the second half. Post period end, these have now been largely shipped to customers.\n \n \n \n This first half performance owes much to the hard work of our people whom I would like to thank for adapting brilliantly to this new working environment and for their ongoing efforts to service our global customer base. \n \n \n \n \n \n The strategic progress we have been seeking to maintain around growing our recurring revenue base and developing our credentials in Yotta as a true SaaS business has continued. \n \n \n Our business, like any other, is not immune to the effects of COVID-19 ...