Oxford Metric Group reported its, “Strongest ever half year revenue performance” this week.
It’s shares rose 11% on the day, against the tide of the wider market. They are small cap smart sensing software company based in Oxford whose clients include BMW, Epic Games & NASA.
Can their growth continue and are they good value?
Financial Highlights
- Record first half with headline Group revenue of £21.3m, up 69.6% (H1 FY22: £12.5m). On a constant currency basis underlying growth was 62.5%, benefitting from buoyant order demand at Vicon
- Group adjusted profit before tax of £4.1m (H1 FY22: £0.30m)
- Adjusted earnings per share of 2.64p (H1 FY22: 0.41p)
- Clear visibility with order book of £22.0m (H1 FY22**: £13.1m)
- Strong balance sheet with net cash position of £63.6m as at 31 March 2023 (H1 FY22: £19.6m)
- Cash generated by operations of £0.4m (H1 FY22: £3.1m) with cash deployed for working capital purposes to augment inventory and underpin second half performance