OMG - Global leader in Motion Capture Systems just Ј10m (OMG)

With a Market Cap of just £10M (17p), £4m cash, 15p Net Assets per share; AIM listed OMG plc (LSE: OMG) is a global leader in the three-dimensional capture and analysis of movement, providing tools and services for life science, entertainment and engineering applications.

Based in Oxford UK and California USA, OMG has customers in over 35 countries. The group trades through a number of operating subsidiaries in the name of Vicon Motion Systems, 2d3 and House of Moves in the UK and USA, and through a network of distributors in other major countries.

2004 saw record revenues but a dip in profitability due to development costs associated with the launch of the Vicon MX product range with the worlds first 4 million pixel optical motion capture system.

Key elements from preliminary results for the year ended 30 September 2004:

Overall, Group revenues rose 13% to #10.9m (2003 restated*: #9.6m).Profit before
tax was lower at #0.5m (2003 restated*: #0.8m). Earnings per share for the
period was 0.77p (2003 restated*: 1.52p).

The cash position remained strong at #4.1m (2003: #4.8m) after the purchase of
House of Moves using #0.6m and investment in infrastructure and equipment across the Group of #0.8m.

Julian Morris, Chief Executive, commented:
"It has been a hugely eventful period with the integration of House of Moves,
launch of Vicon MX and record trading levels. We are now over the hump of higher
manufacturing costs and are looking forward to improved profitability. We
continue to evaluate opportunities for diversification and growth through
acquisitions."

Trading Update:
In a trading update late February, OMG pointed to boyant trading in Europe, the UK & Far East but warned of a slow start in the US, stating that "performance for the half and full year will depend critically on the timing of a number of major contracts on a similar or larger scale to those of the past two years."

Latest Broker Forecasts:
Corporate Synergy 24.03.05 BUY
2005 Pre-tax £0.72 EPS 1.07
2006 Pre-tax £1.32 EPS 1.54




OMG have recently acquired Peak Performance Inc for $1.1m and are integrating it with the Vicon business to form Vicon Peak.

Vicon Motion Systems provides professionals with the latest tools to capture accurately three-dimensional human motion for research, medicine, sport, engineering, game development, broadcast and film.

Peak Performance Inc. was established in Colorado, USA in 1984 with a goal of producing a computer- and video-based biomechanical analysis tool to help athletes improve their performance in preparation for Olympic and world competition.

Peak's motion measurement products have expanded from sports to a wide variety of areas of expertise that include commercial, industrial, medical, engineering, and biological. The current product, Peak Motus®, has the ability to combine video-based acquisition and optical real-time acquisition. This makes the system particularly robust and flexible, for use in almost any environment - in a laboratory, outdoors, or even underwater.

The combined Vicon Peak business offers an integrated solution for both digital optical and video-based motion tracking.


2d3 produces innovative visual geometry software deriving 3D data from moving images.


House of Moves is the world's most experienced motion capture service studio, producing high quality motion capture data for the world's largest entertainment production companies.

www.omg3d.com
www.vicon.com
www.2d3.com
www.moves.com
http://www.yottadcl.com/