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OMG has successfully extended its expertise in imaging technology to new markets. This has driven strong profits growth, with more to come as work is delivered against major contracts for the highways and defence businesses and sales of Autographer, the world’s first intelligent wearable camera, commence.
Whenever i see this share code it always makes me laugh, tempted to invest!
OMG has successfully extended its expertise in imaging technology to new markets. This has driven strong profits growth, with more to come as work is delivered against major contracts for the highways and defence businesses and sales of Autographer, the world’s first intelligent wearable camera, commence. OMG is a group of technology companies that provide image-understanding products and services for the entertainment, defence, life science, engineering and highways maintenance industries. It has recently launched its first consumer product, Autographer, the world’s first intelligent wearable camera.
Motion capture specialist OMG hailed a 'straightforwardly good 12 months' as revenues and profits came in above market expectations. Group revenue was up by 11.9% to £29.5m, while adjusted profit before tax almost tripled to £3.0m. The company proposed increasing its dividend by 17% to 0.35p after saying its 2d3 defence business delivered a maiden adjusted profit of £0.8m Its Vicon division installed more systems and cameras than ever before with profits rising from £3.8m to £5.6m. It had some high profile successes with Vicon's technology being used in the film Avengers Assemble as well as computer game "Call of Duty: Black Ops II". Yotta, the firm's highways, software and services business, reported a loss of £0.3m. New consumer division, OMG Life, opened a new avenue for growth, the firm said, but investment costs meant it made a £1.2m loss over the year. Chairman Rchard Soley said the firm entered its new financial year with cautious optimism, excited, in particular, by the prospects for OMG Life and 2d3. "We believe our strategy of market-focused diversification will enable the group to deliver on the board's expectations for the year ahead," he said.
Sold out on those results,,,,,,,,not very clear IMO,,,,,,,,maybe get back in sometime in the future,,,,,,,,,DYOR
OMG have been up and down a lot. Sometimes they do well, the other times oh dear. I hope this is a do well time.
I'm in this at 33.50 - hoping for a nice rise tomorrow. bif baffled why there's no one on this board.
im looking to get in here but am wondering if we'll see a big rise come the results or just a small lift- any idea?
Moving up nicely to results,,,,,,,,a few have read the ahead note below no doubt,,,,,,,,no advice intended 22 October 2012 OMG plc ('OMG' or the 'Group') Trading Update OMG plc, (Oxford Metrics Group, LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, provides the following update on trading for the financial year ended 30 September 2012. Building upon the solid performance delivered in the first half of the year, the Board is pleased to report that the Group has continued to trade well throughout the second half. As a consequence, the Board expects to report both full year revenue and an adjusted profit before tax result that is ahead of current market expectations. This improved result has largely been driven by a stronger 2d3 performance. At 30 September 2012 the Group's net cash position stood at £4.3m (30 September 2011: £2.8m). During the second half the Group's portfolio of businesses has traded well. Vicon, the Group's largest division is expected to report an improved year-on-year performance, driven largely by a recovery in its House of Moves studio operations. Yotta has also seen an improvement in its operating performance during the second half. In particular, visibility within the Yotta business has improved due to an increase in the levels of recurring revenue being generated by its Horizons SaaS platform, which has seen its customer base grow from 1 to 16 customers in the past twelve months. The Board is also pleased to announce that 2d3 signed its first software license deal in excess of $1.0m with an existing US customer. In addition, and as planned, in the second half the Group's consumer division, OMG Life launched Autographer: the world's first intelligent, wearable camera. The Group is pleased to report that the initial response to Autographer from key consumer and trade media has been both positive and encouraging. OMG will report Preliminary Results for the financial year ended 30 September 2012 on Thursday, 6 December 2012.
I like quiet threads in the stocks I hold :-) let's see what the results will do for the sp.........resistance quiet a bit above the current sp ,,,,,,,,,all IMO
But where is everyone?? 20% rise so far this month and not a whisper. Is there anyone out there? Same on iii. SOMEONE else must be buying these!!!
Yotta has also seen an improvement in its operating performance during the second half. In particular, visibility within the Yotta business has improved due to an increase in the levels of recurring revenue being generated by its Horizons SaaS (software as a service) platform, which has seen its customer base grow from one to 16 customers in the past twelve months. In the second half its consumer division, OMG Life launched Autographer: the world's first intelligent, wearable camera. According to the company, the initial response to Autographer from key consumer and trade media has been 'both positive and encouraging'. OMG is scheduled to report its preliminary results in December. Consensus forecasts for the full year are for pre-tax profits of £2m on turnover of £28.3m. House broker N+1 Singer, commented: "We believe the less developed businesses are hitting key operating milestones which in turn should lead to financial milestones. A sensible sum of the parts valuation approach which assumes zero value for Life (where the Autographer product resides) yields a 43-61p fair value, which is significantly above the current 25p share price. "Evidence that the divisions are executing well against their growth opportunities should lead to upside against our current forecasts, and perhaps of greater impact, a re-rating of the shares.".
OMG, a specialist in imaging software, saw its share price soar on Monday morning after saying that its full-year results will be 'ahead of current market expectations'. In an statement covering the full year ended September 30th, OMG said that it had built on a strong first-half performance by trading well in the second half. "As a consequence, the board expects to report both full year revenue and an adjusted profit before tax result that is ahead of current market expectations." Shares were up 21.65% at 29.5p by 10:00. The company stated that this improved result has largely been driven by a stronger 2d3 performance; 2d3 signed its first software license deal in excess of $1m with an existing US customer. At the end of the fiscal year, the group's net cash position stood at £4.3m, compared with £2.8m at the same time in 2011. During the second half the group's portfolio of businesses has traded well. Vicon, the Group's largest division is expected to report an improved year-on-year performance, driven largely by a recovery in its House of Moves studio operations.
SEEMS we should have bought in! Or did you?
Its a good one :) - If I had funds...
Results expected to be ahead of expectations. RNS out.
Technology firm OMG has luanched Autographer, its intelligent, wearable camera, which is also the first product to be developed under the company's consumer division, OMG Life. The camera is based on the same Microsoft 'SenseCam' technology already deployed within OMG's 'Revue' camera, which is targeted at the medical research market. "Autographer represents a further example of OMG's ability to transfer core imaging technologies across the group and open them up to new and exciting end markets," the firm said.
Not a good start. Also a bit expensive for the target pratosphere
This technology group providing image understanding products for the entertainment, defence, life science and engineering industries is pleased to announce the launch of Autographer: the world's first intelligent, wearable camera and the first product to be developed by the company's consumer division, OMG Life. Launched today on target, Autographer will initially be available to purchase online in the UK in November, priced at £399. Based upon the same Microsoft 'SenseCam' technology already deployed within OMG's 'Revue' camera, which is targeted at the medical research market, Autographer represents a further example of OMG's ability to transfer core imaging technologies across the Group and open them up to new and exciting end markets. Autographer: seeing the unseen Autographer is designed to change the way we think about photography: one where moments are captured without intervention. The user can live the experience while Autographer spontaneously captures the stories that unfold. This is not just a new camera but a whole new photographic approach. Autographer can capture thousands of high resolution photos every day through its custom designed wide-angle lens, while an Autographer stop-frame video lets you see a whole day's activity in a few minutes. With five on-board sensors and GPS capability, Autographer identifies when to take a photo based on subtle changes in light, colour, motion, direction and temperature. More information on the product, its sales channel and its design features can be viewed via the Autographer website: www.autographer.com Target market and usability Autographer is OMG's first device targeted at the consumer market. Extensive market research conducted by the Group and its agencies has identified a potential market audience for Autographer of 3.5 to 4.5 million consumers in the UK alone. This audience is drawn from a range of different potential user groups, ranging from the gadget lover, through vocational and professional users who place photography at the centre of their professional or personal lives, to life-bloggers who aim to capture and document their every-day lives. Autographer's usability is enhanced by the software that surrounds it. An easy-to-use desktop interface coupled with a mobile app designed to ease image viewing and sharing. Users will also be able to edit their images to develop videos or animated stories and Bluetooth connectivity enables easy downloads of images on the move.
Commenting on the new video cameras, OMG Chief Executive Nick Bolton said: "We are delighted to unveil another new innovative addition to the Bonita product range. Bonita Video is the first set of reference video cameras developed specifically for mocap and with the introduction of the Active Wand, customers can now calibrate their video and optical data simultaneously, ensuring they capture every detail more accurately. Today's launch showcases the development of the product and we look forward to offering more innovative advancements to the range in the future."
Vicon extends Bonita family with Video range Reference Video with HD Resolution and Speeds up to 350fps OMG plc, Oxford Metrics Group (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries is pleased to announce its Vicon division has launched a new range within the Bonita product family - Bonita Video. Bonita Video is the world's first reference video camera designed specifically for motion capture ("mocap"). With Bonita Video, clinicians and researchers are able to record reference video during the mocap process for a 'real-life' visual reference that helps interpret their data in 3D. Combined with the world's first dynamic calibration technique using the Vicon Active Wand, video and optical cameras can now be calibrated together providing unrivalled accuracy. As well as being fast and powerful like its optical siblings, it is also easy to use. The Bonita Video range launches with three new cameras. The 720, available in colour or monochrome, has a fully synchronised frame rate of 120Hz that captures every detail in full HD resolution. The monochrome 480m will capture high speed movement with an impressive frame rate of 350fps.
http://www.investegate.co.uk/Article.aspx?id=201205150701103162D
Has signed a four year contract with the option to renew for a further year with the Highways Agency. The contract is expected to be worth £2.27m over the life of the contract. As part of the agreement, Yotta DCL will perform a Traffic Speed Condition Survey (TRACS) to determine the condition of the road surface, assess which areas are in particular need of repair and determine where immediate action needs to be taken. Over the life of the agreement, Yotta DCL will survey and monitor approximately 140,000km of motorway and other major roads across England. During the bid process, Yotta DCL was awarded the highest score on the overall qualitative criteria used to select the successful bidder. Yotta DCL will use its new Tempest vehicles to carry out the survey and will also participate in the development of new algorithms to produce more accurate modelling of the road surface deterioration.
Unveiling the new cameras Nick Bolton, CEO of OMG plc said: "Since our first Bonita rolled off the production line in 2009, the Bonita name has become synonymous with reliability, capability and affordability. These qualities transformed Bonita from simply an exciting new idea two years ago in to the fastest selling camera in our Group's history. Today's new launches take Bonita to a new level of speed and accuracy and we look forward to seeing the many ways in which customers put them to the test."
MG extends Bonita camera range - New cameras from Vicon enable faster, higher resolution and affordable motion capture - OMG plc (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, is pleased to announce the extension of its Bonita motion capture camera range. First launched in October 2009, Bonita is the most affordable of OMG's Vicon cameras and offers fast, powerful and accurate motion capture capabilities in a package small enough to fit in to the palm of your hand. Today's product launches extend the Bonita range from just one camera to two, offering customers even higher resolution image capture. The two new cameras are the Bonita 3 and the Bonita 10. The Bonita 3 features all the benefits of the original Bonita product - a VGA sensor and capture speeds of 240 frames per second. The second camera, Bonita 10, is an entirely new product, designed to include a one megapixel sensor, which enables the capture of higher resolution images to a greater degree of accuracy. The size and specifications of OMG's two new Bonitas open up the possibility of capturing smaller, more detailed images in ever more confined, complex environments. Both cameras are also fully compatible with Vicon's Nexus and Tracker software suites.