Financials

Preliminary Results 2022/23

Group Revenue

£44.2m

(FY22: £28.8m)

Group Adjusted PBT*

£6.5m

(FY22: £2.6m)

Group Cash

£64.8m

(FY22: £67.7m)

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Results highlights

Group Revenue

£44.2m

Record headline revenue of £44.2m (FY22: £28.8m), driven by demand for our new flagship system, Valkyrie  

Adjusted PBT*

£6.5m

Adjusted Profit Before Tax* at £6.5m (FY22: £2.6m), up 151.9% year on year, reflecting the strong revenue performance

Net Cash

£64.8m

Strong balance sheet with net cash position of £64.8m (FY22: £67.7m), well placed to pursue M&A aspect of the five-year plan

Order book

£11.5m

Order book as of 30th September 2023 of £11.5m (FY22: £24.0m), reflecting more normalised buying cycles 

CFO comment

Oxford Metrics has delivered a strong financial performance during 2023 reporting both record revenue and Adjusted PBT* results. Revenue from continuing operations was £44.2m (FY22: £28.8m) representing a headline increase of 53.5%. From a geographical perspective, our Asia Pacific region had a strong year driven by Entertainment reporting 74.8% year on year growth, whilst Vicon USA, our largest market in the year reported year on year growth of 61.0%. An Adjusted PBT* of £6.5m (FY22: £2.6m) is reported, equivalent to a return on sales of 14.8% (FY22: 9.0%).

The order book as of 30th September 2023 is £11.5m (FY22: £24.0m), reflecting the more normalised buying cycles following the global supply chain challenges which are now largely abated. The Group maintains a strong balance sheet with net cash of £64.8m (FY22: £67.7m), well placed to pursue the M&A aspect of the five-year plan. The Board remain committed to our progressive dividend policy and propose a 10% increase to our final dividend of 2.75p per share (FY22 Final Dividend: 2.50p) this year.

The Board looks forward to the new financial year which is set to see further underlying growth in our existing markets whilst laying the foundations for future growth.

David Deacon CFO

Financial metrics

Revenues (£'000)
(continuing operations)

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

Cash Generation after Tax (£'000)

  • Trend
  • Average

Investor metrics

EPS** (p)

Ordinary Dividends paid (p)

EV/EBITDA Multiple

Annual TSR*** (%)

  • Trend
  • Average
  • CAGR

*Profit Before Tax before Group recharges adjusted for share-based payments, amortisation and impairment of intangibles arising on acquisition, additional Contemplas consideration deemed remuneration and exceptional costs.

**Earnings Per Share (EPS).

***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 9% 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

2023

Annual Results 2023

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Preliminary Results 2023

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Interim Results 2023

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2022

Annual Results 2022

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Preliminary Results 2022

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Interim Results 2022

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2021

Annual Results 2021

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Preliminary Results 2021

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Interim Results 2021

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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 Jan

 Annual General Meeting

14 Feb

Proposed dividend payment

31 Mar

End of H1

18 Apr

Capital Markets Day

Oxford Metrics