Motion capture firm Oxford Metrics posts 54% revenue growth
Oxford Metrics provided the motion capture tech for the ABBA Voyage tour. Image credit: Federico Fermeglia / Shutterstock
Oxford Metrics, the motion capture company behind the ABBA Voyage holographic tour, has bumped up its revenue by more than half thanks to a strong year for its recently launched Valkyrie system.
The London-listed company, which has provided advanced camera systems for projects such as the film Titanic, posted revenue of £44.2m in its latest financial report, a 53.5% increase from 2022.
New CEO Imogen Moorhouse, who took over as Oxford Metrics chief in October, credited the revenue surge to the success of Valkyrie, a multi-cam motion capture system launched in July 2022.
“Our team this year has continued to innovate, manufacturing more advanced camera systems than ever before,” said Moorhouse. “This technological advancement represents a pivotal moment and is expected to drive growth once commercialised in FY24.”
Money, money, money
The chief executive said the company would look to pursue strategic acquisitions in the near future.
The company has projected continued growth, with £11.5m worth of orders already in hand for the next financial year.
Moorhouse said the board “looks forward to the new financial year which is set to see further underlying growth in our existing markets whilst laying the foundations for future growth”.
Shares in the firm dropped around 1% on Tuesday morning, despite the broadly positive results.
In 2022, Oxford Metrics sold off its infrastructure asset management division, Yotta, to Causeway Technologies for £52m
https://www.uktech.news/news/investment-news/motion-capture-oxford-metrics-revenue-20231205
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