Preliminary Results 2023/24
Group Revenue
£41.5m
(FY23: £44.2m)
Group Adjusted PBT*
£3.7m
(FY23: £7.5m)
Group Cash
£50.7m
(FY23 £64.8m)
Results highlights
Group Revenue
£41.5m
Revenue of £41.5m (FY23: £44.2m) as pipeline conversion in Vicon fell below expectations in September, typically our busiest month
Group Adjusted PBT*
£3.7m
Adjusted Profit Before Tax* at £3.7m (FY23: £7.5m) as delayed purchase decisions impacted H2 performance against an exceptional FY23 comparative
Group Cash
£50.7m
Strong balance sheet with net cash at £50.7m (FY23: £64.8m) to build out smart manufacturing via M&A, drive growth marketing initiative and invest in R&D
Final Dividend
3.25p
Board proposes to maintain a progressive final dividend of 3.25p (FY23: 2.75p per share), up 18.2% in line with our dividend policy
CFO comment
The Group is reporting Revenues of £41.5m (FY23: £44.2m) and an Adjusted PBT* of £3.7m (FY23: £7.5m), reflecting the trend of extended buying cycles which developed in H2 against an exceptional FY23 comparative. Despite reporting lower than expected results, the Group has made clear operational progress – getting Vicon markerless ready for launch and establishing our new growth area, smart manufacturing.
Post period end, we welcomed the Sempre Group and announced a return of up to £6m of cash to shareholders through the means of a share buyback programme. With a continued focus on cost and efficiency, actively reallocating resources to high-impact areas, we are well positioned to capitalise on the growth opportunities, setting the business up for success in 2025 and beyond.
*Profit Before Tax adjusted for share-based payments, acquisition costs and amortisation of intangibles arising on acquisition.
Annual and Interim Results
2024
Annual Results 2024
Preliminary Results 2024
Interim Results 2024
2023
Annual Results 2023
Preliminary Results 2023
Interim Results 2023
2022
Annual Results 2022
Preliminary Results 2022
Interim Results 2022
Research
Analyst coverage for Oxford Metrics is provided by:
- Numis Securities - Tintin Stormont
- Progressive Equity Research - Ian Robertson
- Canaccord Genuity - Hayley Palmer
To ensure that all shareholders and potential shareholders have access to research commentary, Oxford Metrics has commissioned Progressive Equity Research to publish research on the Company.
Financial calendar 2024
31 Mar
End of H1
18 Apr
Capital Markets Day
11 Jun
Interim Results
3 Dec
Prelim Results