Published on: June 27, 2022
Good news keeps flowing
Oxford Metrics’ interim results for the six months ended 31 March 2022 showed a strong performance by the company, most notably with regards to the record strength of the order book, £12.95m at period end. Management estimates that the H1 revenue of £12.55m could have been held back by component supply constraints to the tune of around £2m, but notes that the situation is gradually improving. These results follow the exciting news on 30 May that OM had sold Yotta, its infrastructure asset management software business, for a cash consideration of £52.0m. Management is understandably confident that the company is on track to achieve its financial expectations for the full year. We are revising our estimates to reflect the Yotta disposal but maintain our stance on OM’s trading prospects.