Business
Interim Results for the 6 months ended 31.03.2019
Interim Results for the 6 months ended 31.03.2019.
About this update from Oxford Metrics Plc
[{"type":"text","content":"\n \nRNS Number : 7439B Oxford Metrics PLC 11 June 2019 \n\n11 June 2019\nOxford Metrics plc\n \n (\"Oxford Metrics\", the \"Company\" or the \"Group\")\nInterim Results for the six months ended 31 March 2019\n \n \nOxford 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 2019.\n \n \n\n\n\n\nSummary of Results\n\n\n\n\n \n\n\nH1 FY19\n\n\nH1 FY18\n\n\n% Change\n\n\n\n\nRevenue \n\n\n£16.1m\n\n\n£14.3m\n\n\n+12.6%\n\n\n\n\nAdjusted Profit before Tax*\n\n\n£1.7m\n\n\n£1.5m\n\n\n+16.1%\n\n\n\n\nStatutory Profit before Tax \n\n\n£1.2m\n\n\n£1.2m\n\n\n-1.5%\n\n\n\n\nStatutory Earnings per Share \n\n\n0.86p\n\n\n0.58p\n\n\n+48.3%\n\n\n\n\nNet Cash\n\n\n£10.9m\n\n\n£9.2m\n\n\n+18.7%\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\nFinancial Highlights \n· Headline Group revenue of £16.1m, up 12.6% (H1 FY18: £14.3m)\no Group revenue up 10.4% on a constant currency basis\n· Adjusted profit before tax up 16.1% to £1.7m (H1 FY18: £1.5m) \n· Cash generated from operations (before paying interest and tax) £3.3m (H1 FY18: £3.5m) \n· Cash of £10.9m as at 31 March 2019 (H1 FY18: £9.2m) after the payments of a final and special dividend worth £3.1m\n· Growth initiatives at Yotta yielding results:\no Annualised Recurring Revenue ('ARR') up 10.7% year-on-year\no 93.2% (FY18: 95.3%) retention of growing SaaS customer base\no As at 10th June 2019, ARR stood at £6.0m\n· Headline Vicon revenue up 14.4% year-on-year (11.5% at constant currency) against a strong comparator\nOperational Highlights\n \n· Five-year \"amplify the core\" strategic growth plan launched in 2016, with aim to drive growth by building on core strengths and capabilities of subsidiaries\n· Good progress in Th...