Oxford Metrics PLC

Latest Results (13.06.2024):

Revenue Growth

In the first half of the fiscal year 2024, Oxford Metrics PLC reported a revenue increase to £23.5 million, up 10.5% from £21.3 million in the same period the previous year. This growth reflects the company's successful expansion efforts and strategic investments in technology and market development.

Adjusted Profit Before Tax

Oxford Metrics PLC's adjusted profit before tax (PBT) for the first half of 2024 was £4.0 million, a slight decrease from £4.5 million reported in the first half of 2023. This reflects the company's planned investments in its five-year strategy to develop and commercialize markerless technology, despite the increase in revenue.

Cash Position

As of March 31, 2024, Oxford Metrics PLC maintained a strong cash position of £54.8 million, though this was a decrease from £63.6 million at the same point in 2023. The reduction in cash reserves was primarily due to significant investments in acquisitions and dividend payments, aligning with the company's long-term growth strategies.

Order Book Normalization

The order book of Oxford Metrics PLC stood at £3.0 million at the end of the first half of 2024, showing a significant normalization from £21.9 million in the first half of 2023. This change reflects a stabilization in customer buying behavior following previous disruptions in the supply chain.

Outlook and Market Expectations

With over 90% visibility of its full-year revenues and a growing sales pipeline, Oxford Metrics PLC is well-positioned to meet its full-year financial targets for 2024. The company remains confident in its strategic direction and its ability to deliver sustained shareholder value in line with current market expectations.