The Oxford Metrics directors are proposing a final dividend in respect of the financial year ended 30 September 2023 of 2.75 pence per share (2022: 2.50 pence per share) which will absorb an estimated £3,587,000 of shareholders' funds. This dividend will be paid on 14 February 2024 to shareholders who are on the register of members at close of business on 15 December 2023 subject to approval at the AGM.
Other financial highlights include:
Record headline revenue of £44.2m (FY22: £28.8m), (up 53.5%, up 52.4% on a constant currency basis), driven by demand for their new flagship system, Valkyrie
Gross Profit of 65.0% (FY22: 67.5%), reflecting the use of higher cost components acquired during the supply chain challenge of the last few years and changes in product mix
Adjusted Profit Before Tax at £6.5m (FY22: £2.6m), up 151.9% year on year, reflecting the strong revenue performance as well as a planned increase in R&D to deliver the five-year plan and the benefit of increased interest income
Strong balance sheet with net cash position of £64.8m (FY22: £67.7m), well placed to pursue M&A aspect of the five-year plan
