Oxford Metrics

OMG · AIM · Technology · mcap £40m · 32.7p

Oxford Metrics makes Vicon motion capture systems, used in film, games, virtual reality, life sciences and engineering. It is also building a smart manufacturing business, using machine vision and measurement tools for automated quality control.

Target	Promise	Said	Status
2026
FY26	Grow revenues 2.5x to £70m with a 15% adjusted PBT margin by end of FY26.	5 Dec 2023	✗ Missed
	“grow revenues 2.5x to £70m whilst delivering an Adjusted PBT margin of 15% by the end of the FY26” Result FY26 revenue guidance is £47-51m with an adjusted EBIT loss; FY24 revenue fell to £41.5m. “The Board now expects FY26 revenue (being the 15 months to 31 December 2026) of £47.0m to £51.0m and Adjusted EBIT loss of -£0.5m to -£3.9m”9 Oct 2026 · Trading Update and Strategic Update “Trading since the publication of the interim results (being the six months ended 31 March 2026) on 17 June has been below the Board's expectations, reflecting changes in Vicon's established end markets, pressure on research funding and delays to major projects”9 Oct 2026 · Trading Update and Strategic Update
Today · 11 Oct 2026
31 Dec 2026	FY26 revenue of about £56m for the 15 months to December 2026.	17 Jun 2026	✗ Missed · target changed
	“management's expectations for FY26 remain unchanged, with revenue for the 15-month period expected to be approximately £56m” Result In October 2026 guidance was cut to £47-51m, far below market expectations. 9 Oct 2026 · Trading Update and Strategic Update
2027
FY27	Deliver annualised cost savings, initially £1.0-1.6m from FY27, expanded to £1.5-2.0m.	17 Jun 2026	✗ Missed · target changed
	“expected to deliver annualised savings of approximately £1.0-1.6m from FY27” Also stated 9 Oct 2026 Result The savings target was expanded in October 2026 to £1.5-2.0m. “The expanded programme is expected to deliver total net annualised savings of £1.5 to £2.0m, including the £0.6m already communicated, with c. £1.5m expected to benefit FY27 after planned reinvestment.”9 Oct 2026 · Trading Update and Strategic Update