AIM-quoted tech concern OMG, the provider of ‘image understanding’ products employed for use in Hollywood films among other things, delivered record sales for the year to September.

Oxford and California-based OMG, whose products and services are also sold into the life science, engineering and defence sectors as well as the entertainment sphere, achieved its fourth year of record sales growth, with revenues rising by 34 per cent to more than £26 million.

Pre-tax profits however, fell back from £2 million to £1.6 million, curtailed by record levels of investment in order to capture future growth. Despite a reduction in earnings to 1.8p (2007: 2.65p), the debt-free concern, which closed the year with almost £3 million cash in the coffers, held the dividend at 0.115p.

Annual highlights at OMG, whose technology captures the movement of actors for the movie industry and of sportsmen for improving team performance, among other uses, included record sales of £19.1 million from motion capture and movement analysis arm Vicon, with the business ‘shipping more cameras than ever before’.

There was also a strong contribution from 3D mapping subsidiary Yotta, a collector and analyser of highway data, which increased its top line contribution from a mere five per cent to 25 per cent during the year.

Shares in OMG, which have fallen from a 52-week peak of 62p, gave up a further 6p at 24p today, valuing the company at £15.65 million.

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OMG	AIM	£15.65m	24.00p	0.00p
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