Overall Group trading was in line with market expectations at half year end.
Group Cash position was stable at Â£4.0m (H1 FY12: Â£3.9m).
Operational Key Points
o Launched Apex - a new 3D interaction device for the engineering market
o Continued sales traction from Bonita mid-range of cameras
o Vicon technology used in chart-topping video games including Dead Island Riptide, Call of Duty: BlackOps II and God of War: Ascension, and also in the forthcoming summer blockbuster film, World War Z
o Continued good sales momentum for SaaS-based Horizons platform
o Significant multi-year contract wins nationwide including Cardiff, Carillion M40, West Sussex, Hillingdon and others
o Five accredited survey vehicles now live with promising survey pipeline for H2
o New versions of Tungsten, TacitView and Catalina software suites launched
o Partnership announced with Insitu Inc., a wholly owned subsidiary of The Boeing Company, for Tungsten software
o US sequestration has delayed the timing and shape of certain deals but pipeline remains strong
Â· OMG Life
o Increased investment in Autographer to provide a platform for growth
o 250 devices rigorously field tested and reviewed worldwide
o Autographer product now ready for volume shipping, commencing 30 July 2013
Nick Bolton, CEO, said: "The first half of this year has seen a number of developments. Some of those, particularly in 2d3, have been challenging where we find ourselves with a great product, a strong customer pipeline, but also uncertainty in US Government budgets caused by sequestration. In spite of that, we've made a good number of real steps forward for the business in H1, such as further sales momentum with our Horizons platform in Yotta, the continued appeal of our Bonita range in Vicon and the finishing touches we've put to our ground breaking Autographer product. That work has required greater investment than we first envisaged, but the Board firmly believes that it will help to generate important sales progress in the second half and beyond."
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