| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.0 | 18.2 | 21.8 | 23.5 | 23.6 | 19.9 | −15.8% | |
| Cost of revenue | 6.2 | 7.0 | 7.9 | 8.5 | 8.6 | 8.6 | +0.2% | |
| Gross profit | 8.8 | 11.2 | 13.8 | 15.0 | 15.0 | 11.3 | −25.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.9 | 13.7 | 15.4 | 17.1 | 15.7 | 15.9 | +1.1% | |
| Selling & marketing | 3.0 | 4.0 | 5.5 | 6.2 | 5.1 | 4.3 | −15.6% | |
| Operating expenses | 9.7 | 13.7 | 15.3 | 17.1 | 15.7 | 15.9 | +1.1% | |
| Operating income | (0.9) | (2.5) | (1.5) | (2.1) | (0.7) | (4.6) | −547.3% | |
| Interest expense | 0.5 | 0.3 | 0.6 | 1.5 | 2.5 | 2.4 | −0.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.3) | (0.2) | (0.5) | (1.4) | (2.4) | (2.4) | +1.5% | |
| Pre-tax income | (1.2) | (2.7) | (2.1) | (3.6) | (3.1) | (7.0) | −123.7% | |
| Income tax | 0.4 | 0.6 | (0.4) | 0.2 | 0.1 | 0.2 | +100.0% | |
| Net income | (1.7) | (3.7) | (2.0) | (3.8) | (3.3) | (7.3) | −120.4% | |
| 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) | (0.02) | (0.06) | (0.03) | (0.05) | (0.05) | (0.10) | −113.7% | |
| EPS, diluted (per share) | (0.02) | (0.06) | (0.03) | (0.05) | (0.05) | (0.10) | −113.7% | |
| EBITDA | 0.2 | (1.5) | (0.2) | (0.6) | 0.9 | (3.0) | −418.7% | |
| Depreciation & amortization | 0.9 | 0.8 | 1.3 | 1.5 | 1.6 | 1.6 | −0.6% | |
| Weighted average shares (shares) | 69,605,774 | 63,009,163 | 69,708,374 | 70,214,725 | 70,559,774 | 70,732,443 | +0.2% | |
| Weighted average diluted shares (shares) | 69,605,774 | 63,009,163 | 69,708,374 | 70,214,725 | 70,559,774 | 70,732,443 | +0.2% | |
| Gross margin | 58.6% | 61.5% | 63.6% | 63.8% | 63.7% | 56.7% | −6.9 pts | |
| Operating margin | −5.8% | −13.8% | −7.0% | −9.1% | −3.0% | −23.4% | −20.3 pts | |
| Net margin | −11.2% | −20.0% | −9.2% | −16.4% | −14.0% | −36.6% | −22.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
