Oxford Metrics’ full year results are ahead of expectations, with both divisions delivering against strategic objectives. FY’17 was a pivotal year for the group, marking the first year in management’s new five year plan to double profit and triple recurring revenues. Vicon delivered another strong year with record revenues and continued high gross margins, while Yotta successfully brought Alloy, its new asset management platform to market, with 6 new licences signed despite only being live for one month of the year. We believe the group remains a highly attractive asset, combining market leading IP generation with excellent cash generation and a management team with a track record of delivering value for shareholders.