Financials

Interim Results 2020/21 highlights

  • Headline Group revenue of £15.3m, up 2.1% (H1 FY20: £15.0m), on a constant currency basis underlying growth was 3.8%
  • The Group reported an adjusted profit before tax £1.3m (H1 FY20: £0.3m)
  • Adjusted earnings per share 1.08p (H1 FY20: 0.17p) 
  • Continued cash generation with operating cashflow of £4.2m (H1 FY20: £1.0m) 
  • Strong balance sheet with no debt and cash of £15.9m as at 31 March 2021 (H1 FY20: £10.8m). Cash position at 25 May 2021 £19.1m
  • Demand for Vicon solutions in the USA returned in the second quarter with solid performance in other geographies 
  • Yotta software revenues up 11.1% to £4.1m (H1 FY20: £3.7m), as we continue to see customer interest to digitally transform the management of public assets

CFO comment

David Deacon discusses the Interim Results for the six months ended 31 March 2021

Despite the on-going restrictions associated with the pandemic continuing during the half, the Group has traded well, reporting total revenues of £15.3m (H1 FY20: £15.0m), up 2.1% at a headline level on last year's first half and up 3.8% on a constant currency basis.

The Group also reports an improvement in Adjusted PBT* to £1.3m (H1 FY20: £0.3m) reflecting the additional gross margin from higher revenues and a number of pandemic-related cost savings.

In line with our "amplify the core" strategic plan to increase the visibility of revenues and profits, the Group increased Annual Recurring Revenues (‘ARR’) by 4.7% year-on-year to £7.1m (H1 FY20: £6.8m).

The cash position, having paid a final dividend of £2.3m in the first half, finished at £15.9m as at 31 March 2021 (H1 FY20: £10.8m). Cash generated from operations during the first half was £4.2m (H1 FY20: £1.0m).  The Group remains debt-free.

David Deacon - Chief Financial Officer

Financial metrics

Revenues (£'000)
(continuing operations)

Adjusted PBT* (£'000)
(continuing operations)

Recurring Revenues (£'000)

Cash Generation after Tax (£'000)

  • Trend
  • Average

Investor metrics

EPS** (p)

Ordinary Dividends paid (p)

EV/EBITDA Multiple

Annual TSR*** (%)

  • Trend
  • Average
  • CAGR

*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.

**Earnings Per Share (EPS).

***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 26% over the period.

The key financials of the investor area on oxfordmetrics.com contains financial information about Oxford Metrics which has been provided for general information only. You should not take action in reliance of such information but rather make your own independent enquiries and seek the advice of a relevant professional.

Annual and Interim Results

2021

Interim Results 2021
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2020

Annual Results 2020
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Preliminary Results 2020
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Interim Results 2020
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2019

Annual Results 2019
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Preliminary Results 2019
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Interim Results 2019
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2018

Annual Results 2018
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Preliminary Results 2018
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Interim Results 2018
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Financial calendar 2021

18 Feb

AGM 2021

5 Mar

Dividend payment

26 May

Interim Results

30 Sep

End of financial year

AIM Rule 26

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Advisors

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