| GBP millions | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 76.0 | 88.9 | 98.0 | 157.8 | 227.2 | 233.6 | +2.8% | |
| Cost of revenue | 46.9 | 56.0 | 64.8 | 105.4 | 153.5 | 162.4 | +5.8% | |
| Gross profit | 29.1 | 33.0 | 33.1 | 52.4 | 73.7 | 71.2 | −3.3% | |
| Research & development | 0.1 | 0.4 | 0.6 | 0.6 | 0.2 | 0.0 | −100.0% | |
| Selling, general & administrative | 13.6 | 18.8 | 19.1 | 31.2 | 41.7 | 53.2 | +27.5% | |
| Selling & marketing | 0.0 | 0.8 | 0.3 | (5.9) | (3.9) | 0.0 | +100.0% | |
| Operating expenses | 16.5 | 18.8 | 19.1 | 31.2 | 41.7 | 44.6 | +6.9% | |
| Operating income | 12.9 | 14.1 | 14.0 | 21.2 | 31.9 | 26.6 | −16.7% | |
| Interest expense | 0.1 | 0.2 | 0.4 | 0.4 | 0.8 | 1.2 | +51.8% | |
| Interest income | 0.1 | 0.0 | 0.4 | 0.0 | 0.4 | 0.3 | −4.9% | |
| Other income / expense | (0.3) | (1.1) | (1.2) | (2.9) | (2.9) | (2.5) | +12.5% | |
| Pre-tax income | 12.5 | 9.3 | 9.0 | 14.9 | 25.8 | 22.6 | −12.4% | |
| Income tax | 3.3 | 3.1 | 3.1 | 6.4 | 7.8 | 6.7 | −13.9% | |
| Net income | 9.2 | 6.2 | 5.8 | 8.5 | 18.0 | 15.8 | −11.8% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.09 | 0.06 | 0.06 | 0.08 | 0.16 | 0.14 | −12.5% | |
| EPS, diluted (per share) | 0.09 | 0.06 | 0.06 | 0.07 | 0.15 | 0.13 | −13.3% | |
| EBITDA | 15.7 | 19.4 | 19.8 | 28.2 | 38.6 | 33.7 | −12.8% | |
| Depreciation & amortization | 2.8 | 5.3 | 5.8 | 7.0 | 6.7 | 7.1 | +6.0% | |
| Weighted average shares (shares) | 101,604,000 | 101,003,000 | 101,312,000 | 110,689,000 | 113,531,000 | 114,398,000 | +0.8% | |
| Weighted average diluted shares (shares) | 104,020,000 | 105,344,000 | 105,902,000 | 117,437,000 | 121,414,000 | 122,056,000 | +0.5% | |
| Gross margin | 38.3% | 37.1% | 33.8% | 33.2% | 32.4% | 30.5% | −2.0 pts | |
| Operating margin | 16.9% | 15.9% | 14.3% | 13.4% | 14.1% | 11.4% | −2.7 pts | |
| Net margin | 12.1% | 6.9% | 5.9% | 5.4% | 7.9% | 6.8% | −1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
