Oxford Metrics has issued a short trading update for the year to September 2019. Revenue is expected to be in line with expectations and net cash at the year end is 10% ahead of our forecast. Due to the mix of revenue across both divisions adjusted PBT is expected to be broadly in line with expectations, although given the strong cash generation in the year we suspect this is a timing issue. We continue to believe Oxford Metrics provides investors with a unique mix of market leading IP, growt
21 Oct 2019
Revenue growth and cash generation continues
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Revenue growth and cash generation continues
Oxford Metrics PLC (OMG:LON) | 106 0.5 0.5% | Mkt Cap: 140.0m
- Published:
21 Oct 2019 -
Author:
Oliver Knott -
Pages:
3
Oxford Metrics has issued a short trading update for the year to September 2019. Revenue is expected to be in line with expectations and net cash at the year end is 10% ahead of our forecast. Due to the mix of revenue across both divisions adjusted PBT is expected to be broadly in line with expectations, although given the strong cash generation in the year we suspect this is a timing issue. We continue to believe Oxford Metrics provides investors with a unique mix of market leading IP, growt