OXFORD METRICS PLC (OMG) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the OXFORD METRICS PLC investor presentation. Throughout the quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated in the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Imogen Moorhouse CEO. Good morning to you. Good morning, everybody, and thank you for joining us for our interim results 2024. We're now in year three and just over halfway into delivering our five year plan, and I'm pleased to report that we are on track. So what this presentation will cover this morning is firstly David, who will take you through the financial performance highlights. I will then update you on our progress of a five year plan and there are opportunities for growth. And then lastly, we'll look forward to the outlook for the business. So over to you, David. Thank you, Imogen. And I'd also like to add my own warm welcome to this morning's presentation. Turning first to the financial headlines, starting top left. Overall reported revenues at $23,500,000 were up 10.5% year on year. Within that, Vicon on a stand alone basis was up 2%. And IVS, our new acquisition, contributed $1,800,000 to revenues. The order book as at the end of March stood at $3,000,000 down from $21,900,000 a year ago and down from $11,300,000 at the end of FY 'twenty three. As described in the statement, the order book now reflects the normalization of customer buying ...