This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").
27 September 2022 - Oxford Metrics plc (LSE: OMG), the smart sensing software company servicing life sciences, entertainment and engineering markets, provides an update on trading for the current financial year ending 30 September 2022.
The Group has continued to experience high levels of market demand and currently holds its largest ever level of orders-in-hand. However, the global supply chain issues facing the industry have led to the deferment of approximately £3.5m of shipments in the current financial year, and therefore the Board does not now believe the company will meet its full year market expectations. Conscious of the well-reported supply chain challenges, the Group had been monitoring the situation closely as it approached its year end and has been able to mitigate the margin impact of the deferred orders to some extent. The Group now anticipates that these orders, previously expected to be fulfilled in this financial year, will now be shipped in H1 of FY23.
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