Annual General Meeting Statement

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RNS Number : 1874B
Oxford Metrics PLC
09 February 2022
 

9 February 2022

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Annual General Meeting Statement

Oxford Metrics plc (LSE: OMG), the smart sensing software company servicing, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2.00pm today.

At the AGM, Nick Bolton, Oxford Metrics CEO, will make the following statement:

"The Board is pleased to announce that Oxford Metrics has made a good start to the new financial year. The Group's current trading performance is in-line with achieving market expectations for the full year ending September 2022. The Group's Vicon subsidiary continues to experience high demand, holding unprecedented levels of orders-in-hand, while we continue to manage the short term market-wide supply chain challenges. Yotta continues to generate reliable and growing levels of recurring revenue as customers adopt its toolsets for public asset management.

In line with previous years, the Group continues to be second-half weighted in terms of revenue with strong pipelines building across the business. The Board remains confident of the Group's prospects for the year and will provide further information on trading when it announces interim results for the six months ending 31 March 2022."

For further information please contact:

 

Oxford Metrics                                                                                                                     +44 (0) 1865 261860

Nick Bolton, CEO

David Deacon, CFO

 

Numis Securities Limited                                                                                                   +44 (0)20 7260 1000

Simon Willis / Hugo Rubinstein / Tejas Padalkar

 

FTI Consulting                                                                                                                     +44 (0) 20 3727 1000

Matt Dixon / Jamille Smith / Greg Hynes

 

About Oxford Metrics

 

Oxford Metrics develops software that enables the interface between the real world and its virtual twin. Our smart sensing software helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, then moved into defence and engineering. We have a track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses.

 

The Group trades through two market-leading divisions: Vicon and Yotta. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Guy's Hospital, Industrial Light & Magic, MIT and NASA. Yotta's cloud-based infrastructure asset management software enables central and local government agencies and other infrastructure owners to digitally manage their assets. Yotta has a large number of high-profile clients including VicRoads in Australia , Auckland Motorway System in New Zealand, and, in the UK, National Highways and over 160 local authorities.

 

The Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado, and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange.

 

For more information about Oxford Metrics, visit www.oxfordmetrics.com.

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Oxford Metrics