| GBP millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 59.8 | 61.6 | 69.9 | 74.9 | 37.8 | 20.7 | −45.3% | |
| Cost of revenue | 31.0 | 31.3 | 36.1 | 40.4 | 18.0 | 7.9 | −56.2% | |
| Gross profit | 28.8 | 30.3 | 33.8 | 34.5 | 19.8 | 12.8 | −35.4% | |
| Research & development | 0.0 | 0.0 | 3.6 | 4.8 | 4.4 | 4.6 | +5.4% | |
| Selling, general & administrative | 0.0 | 0.0 | 16.2 | 27.6 | 54.1 | 9.0 | −83.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 25.5 | 26.5 | 29.9 | 48.2 | 70.3 | 22.6 | −67.8% | |
| Operating income | 3.4 | 3.8 | 4.9 | (13.6) | (50.5) | (9.8) | +80.6% | |
| Interest expense | 0.5 | 0.4 | 0.5 | 0.6 | 1.8 | 1.5 | −17.2% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 | −72.6% | |
| Other income / expense | (0.7) | (0.5) | (1.4) | (0.3) | (0.6) | (1.5) | −154.6% | |
| Pre-tax income | 2.7 | 3.3 | 3.5 | (13.9) | (51.1) | (11.4) | +77.8% | |
| Income tax | 0.5 | 1.3 | (0.4) | 0.4 | (0.9) | (0.4) | +58.9% | |
| Net income | 2.3 | 2.3 | 4.3 | (14.3) | (50.1) | (11.0) | +78.1% | |
| 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) | 0.03 | 0.03 | 0.05 | (0.16) | (0.53) | (0.10) | +81.5% | |
| EPS, diluted (per share) | 0.03 | 0.03 | 0.05 | (0.16) | (0.53) | (0.10) | +81.5% | |
| EBITDA | 9.9 | 11.4 | 12.2 | (3.8) | (39.6) | (3.5) | +91.1% | |
| Depreciation & amortization | 6.7 | 7.7 | 8.0 | 9.5 | 9.7 | 6.3 | −34.7% | |
| Weighted average shares (shares) | 74,050,058 | 76,037,936 | 80,385,687 | 85,070,688 | 94,400,906 | 111,211,865 | +17.8% | |
| Weighted average diluted shares (shares) | 75,386,383 | 77,646,108 | 81,999,172 | 86,616,294 | 95,159,725 | 114,018,986 | +19.8% | |
| Gross margin | 48.2% | 49.2% | 48.3% | 46.1% | 52.4% | 61.9% | +9.5 pts | |
| Operating margin | 5.6% | 6.2% | 7.0% | −18.2% | −133.7% | −47.5% | +86.2 pts | |
| Net margin | 3.9% | 3.7% | 6.1% | −19.1% | −132.8% | −53.1% | +79.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
