News blog

OMG

• BY: Andrew Hore |
• POSTED: 15/03/2013 |

Image understanding technology developer OMG has made a good start to the financial year but it will continue to be second half weighted.

OMG says that its Yotta subsidiary has added three SaaS customers and the Vicon business has made a solid start to the year to September 2013. OMG is still investing in 2d3 and the OMG Life business.

OMG reported near trebled pre-tax profit of £3m in 2011-12, as revenues improved from £26.4m to £29.5m. Start-up OMG Life generated revenues of £103,000 but its loss incrased from £940,000 to £1.15m. Net cash was £4.3m at the end of September 2013. Last year’s dividend was 0.35p a share. 

At 34.25p a share, OMG is valued at £25m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2013_42.pdf