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Oxford Metrics PLC - Oxford-based software provider - Says it has entered financial 2023 with a record order book. Expects revenue the second half of the year to be weighted in line with previous years. Despite the industry-wide supply chain situation, Oxford Metrics still anticipates to deliver performance in line with achieving market expectations for the financial year.
Chief Executive Officer Nick Bolton says: ‘Oxford Metrics entered Financial 2023 with a record order book. The board is pleased to announce that following a good start to the new financial year, the group has continued to experience high order intake and has a substantial order book. This, together with recently shipped systems and current sales pipeline opportunities, means the group has 100% visibility on revenue expectations for the full year.’
Back in December, Oxford Metrics had reported pretax profit of £2.7 million for the financial year ended September 30, down 25% from £3.6 million a year earlier. Revenue was up 4.5% to £28.8 million from £27.6 million.
Current stock price: 108.00 pence each, up 3.9% on Thursday morning in London
12-month change: down 4.0%
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