Business
Preliminary Results
Preliminary Results.
About this update from Oxford Metrics Plc
[{"type":"text","content":"\n\n5 December 2023\nOxford Metrics plc\n \n (\"Oxford Metrics\", the \"Company\" or the \"Group\")\n \nPreliminary Results for the financial year ended 30 September 2023\n \n- Record Revenue and Adjusted PBT performance, ahead of market expectations\n- Continued innovation unveiling our new markerless technology at Siggraph 2023\n- In FY23 Vicon manufactured more camera systems than ever before\n- Enter FY24 with strong order book and visibility on over half of revenue expectations\n \nOxford Metrics plc (LSE: OMG), the smart sensing and software company servicing life sciences, entertainment and engineering markets, announces preliminary results for the financial year ended 30 September 2023.\n \n\n\n\n\nContinuing Operations\n\n\nFY23\n\n\n% Change\n\n\nFY22\n\n\n\n\nRevenue\n\n\n£44.2m\n\n\n+53.5%\n\n\n£28.8m\n\n\n\n\nAdjusted Profit Before Tax*\n\n\n£6.5m\n\n\n+151.9%\n\n\n£2.6m\n\n\n\n\nAdjusted* Basic Earnings per Share\n\n\n4.57p\n\n\n+79.2%\n\n\n2.55p\n\n\n\n\nOrdinary Dividend per Share\n\n\n2.75p\n\n\n+10%\n\n\n2.50p\n\n\n\n\nStatutory Profit after Tax\n\n\n£5.7m\n\n\n+66.5%\n\n\n£3.4m\n\n\n\n\nStatutory Basic Earnings per Share\n\n\n4.35p\n\n\n+63.5%\n\n\n2.66p\n\n\n\n\nNet Cash**\n\n\n£64.8m\n\n\n-4.3%\n\n\n£67.7m\n\n\n\n\nOrders-in-hand\n\n\n£11.5m\n\n\n-52.2%\n\n\n£24.0m\n\n\n\n\n \n* Profit Before Tax before Group recharges adjusted for share-based payments, amortisation and impairment of intangibles arising on acquisition and additional Contemplas consideration deemed remuneration.\n** Including Fixed Term Deposits and Bank overdraft.\n \nFinancial Highlights\n\n\n\n\n· \n\n\nRecord headline revenue of £44.2m (FY22: £28.8m), (up 53.5%, up 52.4% on a constant currency basis), driven by demand for our new flagship system, Valkyrie \n\n\n\n\n· \n\n\nGross Profit of 65.0% (FY22: 67.5%), reflecting the use of higher cost components acquired during the supply chain challenge of the last few years and changes in product mix\n\n\n\n\n· \n\n\nAdjusted Profit Before Tax* at £6.5m (FY22: £2.6m), up 151.9% year on year, reflecting the strong revenue performance as well as a planned increase in R&D to deliver the five-year plan and the benefit of increased interest income\n\n\n\n\n· \n\n\nStrong balance sheet with net cash positi...