Oxford Metrics’ has released a strong set of interim results, with both Yotta and Vicon performing well in the period. Vicon revenue grew 15% y-o-y, benefitting from recent product launches, while Yotta software sales grew 20% y-o-y. Adj. PBT of £1.6m was in-line with expectations, while good cash generation resulted in net cash at the period end of £11.1m. The strong momentum is prompting 9% underlying upgrades to FY’17 adj. PBT, which is offset by the planned disposal of Yotta’s Surveying acti ....
06 Jun 2017
N+1 Singer - Oxford Metrics - Benefits of new strategy beginning to show
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Oxford Metrics - Benefits of new strategy beginning to show
Oxford Metrics PLC (OMG:LON) | 104 0 0.0% | Mkt Cap: 136.7m
- Published:
06 Jun 2017 -
Author:
Oliver Knott -
Pages:
9
Oxford Metrics’ has released a strong set of interim results, with both Yotta and Vicon performing well in the period. Vicon revenue grew 15% y-o-y, benefitting from recent product launches, while Yotta software sales grew 20% y-o-y. Adj. PBT of £1.6m was in-line with expectations, while good cash generation resulted in net cash at the period end of £11.1m. The strong momentum is prompting 9% underlying upgrades to FY’17 adj. PBT, which is offset by the planned disposal of Yotta’s Surveying acti ....