| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 | 4.0 | 1.8 | 0.9 | 1.2 | 1.5 | +28.3% | |
| Cost of revenue | 0.7 | 1.4 | 1.4 | 0.6 | 0.9 | 1.0 | +13.8% | |
| Gross profit | 0.5 | 2.7 | 0.4 | 0.3 | 0.4 | 0.6 | +63.7% | |
| Research & development | 0.5 | 0.8 | 0.5 | 0.3 | 0.3 | 0.5 | +62.3% | |
| Selling, general & administrative | 2.5 | 4.8 | 5.1 | 3.2 | 2.9 | — | — | |
| Selling & marketing | 0.0 | 0.5 | 0.1 | 0.0 | 0.0 | — | — | |
| Operating expenses | 2.8 | 5.3 | 8.5 | 3.3 | 3.0 | 3.4 | +12.4% | |
| Operating income | (2.3) | (2.6) | (8.2) | (3.1) | (2.7) | (2.9) | −5.7% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | −42.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +63.0% | |
| Other income / expense | (0.0) | (0.1) | (0.1) | (0.1) | 0.1 | — | — | |
| Pre-tax income | (2.3) | (2.6) | (8.3) | (3.1) | (2.6) | (2.8) | −8.5% | |
| Income tax | (0.5) | (0.5) | (0.5) | (0.2) | (0.1) | (0.9) | −537.9% | |
| Net income | (1.8) | (2.1) | (7.8) | (3.0) | (2.4) | (1.9) | +23.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | (0.03) | (0.03) | (0.11) | (0.01) | (0.00) | (0.00) | +57.1% | |
| EPS, diluted (per share) | (0.03) | (0.03) | (0.11) | (0.01) | (0.00) | (0.00) | +57.1% | |
| EBITDA | (2.2) | (2.2) | (7.4) | (2.8) | (2.3) | (2.6) | −14.0% | |
| Depreciation & amortization | 0.1 | 0.4 | 0.8 | 0.2 | 0.2 | 0.2 | +8.7% | |
| Weighted average shares (shares) | 58,972,069 | 69,022,594 | 69,055,369 | 415,107,581 | 1,793,727,064 | 2,842,861,238 | +58.5% | |
| Weighted average diluted shares (shares) | 58,970,318 | 69,022,594 | 69,055,369 | 415,107,581 | 1,793,727,064 | 2,842,861,238 | +58.5% | |
| Gross margin | 42.1% | 66.5% | 20.5% | 29.1% | 29.1% | 37.1% | +8.0 pts | |
| Operating margin | −179.5% | −63.8% | −465.6% | −358.6% | −224.2% | −184.7% | +39.5 pts | |
| Net margin | −144.5% | −51.9% | −447.3% | −344.0% | −201.5% | −120.6% | +80.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
