Oxford Metrics (OMG): FY26 guidance cut
This situation live
OMG Oxford Metrics
9 Oct 2026 · Warning issued 9 October 2026 · +6% since
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 market
FY26 guidance cut
Warning issued 9 October 2026
Next: Interim results for 12 months to 30 September 2026
Every step · 1
- 9 Oct 2026 Warning issued 9 October 2026 – 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,... ↗
What is happening
Oxford Metrics: FY26 guidance cut – Warning issued 9 October 2026. ['Warning issued 9 October 2026']
- In short
- On 17 June 2026 FY26 revenue guidance of c.£56m for the 15 months was confirmed. On 9 October 2026 the Board cut it to £47-51m with an Adjusted EBIT loss of £0.5-3.9m, against market expectations of £56.2m and a £3.0m profit. FY27 EBIT is guided at or above £3.5m on lower revenue.
- Announced
- 9 Oct 2026 · Warning issued 9 October 2026
- FY26 revenue
- £47.0-51.0m versus market expectations of £56.2m
- FY26 Adj. EBIT
- loss of £0.5-3.9m versus expected £3.0m profit
- FY27 Adj. EBIT
- at or above market expectations of £3.5m
- FY27 revenue
- below market expectations of £52.5m
- Causes
- Weaker Vicon end markets, research funding pressure, delayed IVMS projects
- Interim results
- 12 months to 30 September 2026, due December 2026
What comes next
Interim results for 12 months to 30 September 2026.
From the company's own announcements. Not investment advice.
Briefing
Oxford Metrics in 4 minutes
Oxford Metrics is an Oxford-based AIM company founded in 1984. It makes Vicon motion-capture systems and machine-vision inspection tools for factories. Revenue hit a record £44m in FY23, then buyers slowed, and the...
- Act 1A record year, then buyers paused
- Act 2Buying into factory inspection, launching AI capture
- Act 3A reset under new leaders
Also at Oxford Metrics 3 open
Insider conviction2 directors buying – £135k in 3 buys
Turnaround plan with targetsCost optimisation programme – Expanded; ahead of 2027 plan
New CEO / resetCEO succession and reset – Start date fixed; Bullard interim until then
Capital returnBuyback programme – paid · closed
Insider conviction3 directors buying – £87k in 4 buys · closed
Oxford Metrics – company page →