Oxford Metrics PLC shares were down on Tuesday as it said that supply chain issues are expected to hamper its full-year results.

Shares in the Oxford-based software provider were down 6.2% to 83.00 pence each in London on Tuesday around midday.

The company said that during its financial year to September 30, it has experienced high levels of market demand and it currently holds its ‘largest ever level’ of orders-in-hand.

However, it explained that due to global supply chain issues, it has seen around £3.5 million shipments deferred in its current financial year.

On the back of this, Oxford Metrics said it does not expect to meet full-year market expectations.

‘Conscious of the well-reported supply chain challenges, the group had been monitoring the situation closely as it approached its year end and has been able to mitigate the margin impact of the deferred orders to some extent,’ the company explained.

It now expects these orders to be shipped in the first half of its financial year 2023.

Copyright 2022 Alliance News Limited. All Rights Reserved.