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31 Jan 2024 14:00
31 January 2024
Oxford Metrics plc
("Oxford Metrics", or the "Group")
AGM Statement and Notice of CMD
Oxford Metrics plc (LSE: OMG), the smart sensing and software company servicing life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 2pm today.
In addition, Oxford Metrics announces it will be hosting a Capital Markets Day for analysts and investors on Thursday 18th April 2024 in Oxford. This event will focus on the Group's five-year growth plan, market opportunities and to see first-hand its latest innovation of markerless technology in action. With space limited, please register your interest to attend this event via: SComg@fticonsulting.com.
At the AGM today, Imogen Moorhouse, Oxford Metrics CEO, will make the following statement:
"Vicon entered the new financial year with well over half of revenue expectations underpinned by orders in hand and a strong sales pipeline. The Board is pleased to report that the solid start has continued with good early trading in the new financial year. The Group continues to have strong visibility, which is now reflecting the normalisation of customer buying behaviour compared with the past years of disruption caused by the pandemic and supply chain challenges.
Trading is in-line with expectations. Further information on trading will be provided when interim results for the six months ending 31 March 2024 are announced.
The Board looks forward to the year which is set to see further growth in existing markets whilst laying the foundations for future growth - which will be covered in more detail at our Capital Markets Day in April."
For further information please contact:
Oxford Metrics | +44 (0) 1865 261860 |
Imogen Moorhouse, CEO | |
David Deacon, CFO | |
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Deutsche Numis | +44 (0)20 7260 1000 |
Simon Willis / Hugo Rubinstein / Tejas Padalkar | |
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FTI Consulting | +44 (0)20 3727 1000 |
Matt Dixon / Emma Hall / Jamille Smith / Jemima Gurney |
About Oxford Metrics
Oxford Metrics is a smart sensing and software company that enables the interface between the real world and its virtual twin. Our smart sensing technology helps over 10,000 customers in more than 70 countries, including all of the world's top 10 games companies and all of the top 20 universities worldwide. Founded in 1984, we started our journey in healthcare, expanded into entertainment, winning an OSCAR® and an Emmy®, moved into defence, engineering and smart manufacturing. We have a strong track record of creating value by incubating, growing and then augmenting through acquisition, unique technology businesses.
The Group trades through its market-leading division Vicon and, recently acquired, Industrial Vision Systems. Vicon is a world leader in motion measurement analysis to thousands of customers worldwide, including Red Bull, Imperial College London, Dreamscape Immersive, Industrial Light & Magic, and NASA. Industrial Vision Systems is a specialist in machine vision software and technology for high precision, automated quality control systems trusted by blue-chip, smart manufacturing companies across the globe including BD, DePuy, Jaguar Land Rover, Johnson & Johnson, Zytronic and Alkegen.
The Group is headquartered in Oxford with offices in California, Colorado, Auckland, and Kempten. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted company listed on AIM, a market operated by the London Stock Exchange. For more information about Oxford Metrics, visit www.oxfordmetrics.com
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