Oxford Metrics says annual results on course to meet expectations
Oxford Metrics on Monday said it expects annual revenue and adjusted profit before tax to be in line with market expectations, while also highlighting healthy cash flow.
The international software company servicing the government, life sciences, entertainment and engineering markets said it enjoyed a successful close to the financial year ended 30 September, adding that this was due to the mix of revenues experienced across both divisions.
In its last financial year, the company reported revenue of £31.7m and adjusted profit before tax of £5.2m.
During the year the AIM traded company also continued to generate good levels of cash from its operations.
Oxford Metrics reported that its net cash balance as at 30 September stood at £13.8m, up from £12.2m at the same point 12 months prior, even after the payment of final and special dividends totalling £3.1m during the financial year.
Oxford Metrics shares were down 3.83% at 88.00p at 1236 BST.