Financials

Interim Results 2021/22

H1 Group Revenue

£12.5m

(H1 FY21: £11.2m)

H1 Adjusted PBT*

£0.3m

(H1 FY21: £1.0m)

H1 Group Cash

£19.6m

(H1 FY21: £15.9m)

Watch results video

Watch results video

Results highlights

Group Revenue

£12.5m

Headline Group revenue of £12.5m, up 11.8% (H1 FY21: £11.2m), on a constant currency basis underlying growth was 11.1%

Adjusted PBT*

£0.3m

Adjusted profit before tax £0.3m (H1 FY21: £1.0m) reflecting a planned increase in R&D investment, together with operating costs returning to more normal levels

Cash generation

£3.2m

Continued cash generation with operating cashflow of £3.2m (H1 FY21: £4.5m) 

Net Cash

£19.6m

Strong balance sheet with no debt and cash of £19.6m as at 31 March 2022 (H1 FY21: £15.9m). Cash position 22nd June 2022 £67.7m, reflecting Yotta sale proceeds

CFO comment

The first half was a period of important development for the Group. Firstly, in October 2021, we announced our new five-year plan, through which we aim, by the end of plan, to both grow revenues by 2.5x and deliver adjusted PBT margins of 15%. Secondly, we traded successfully in the first half with headline revenues growing 11.8% whilst still holding an unprecedented level of orders-in-hand of £12.9m (H1FY21: £0.7m) into the second half driven by buoyant demand. 

The Group reports an Adjusted PBT* of £0.3m (H1 FY21: £1.0m), largely reflecting an increase in R&D investment announced at the Preliminary Results FY21, together with operating costs returning to more normal levels following the depressed spend during the pandemic. In May 2022, we announced the disposal of our Yotta business at a highly attractive valuation, resulting in a company which is now more focussed and with greater financial firepower.

Oxford Metrics is now more focussed and with greater financial firepower to deliver on its growing set of organic and inorganic opportunities.

David Deacon CFO

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 and exceptional costs

**Earnings Per Share (EPS).

***Total Shareholder Return (TSR) Cumulative
Growth Rate (CAGR) of 21% 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

2022

Interim Results 2022

Watch Video

Download Results

2021

Annual Results 2021

Download results


Preliminary Results 2021

Watch Video

Download Results


Interim Results 2021

Watch Video

Download Results

2020

Annual Results 2020

Download Results


Preliminary Results 2020

Watch Video

Download Results


Interim Results 2020

Watch Video

Download Results

Financial calendar 2022

9 Feb

 Annual General Meeting

23 Feb

Proposed dividend payment

31 Mar

End of H1

30 Sep

End of financial year

Oxford Metrics