Oxford Metrics (AIM:OMG) PLC shares zoomed 10% higher to 90.4p in early trading on Wednesday after the sensing company detected higher sales and profits than the market expected.
Revenues are now anticipated to total around £44 million and adjusted pre-tax profits £6.3 million for the year to 30 September 2023, with a net cash position of just under £65 million.
Having already flagged its strongest-ever performance in the first half of the year, the developer of smart sensing technology said momentum continued into the second half.
Vicon, its motion capture system, "continues to see ongoing demand" from more applications from new and existing customers, while the new Vicon Valkyrie system launched late last year "continues to stimulate demand".
Particularly strong contributions were delivered by the engineering and life sciences segments, where customers include Airbus, Boeing, BMW, Nasa, Guys & St Thomas Hospital, and Harvard University.