| GBP millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 62.1 | 23.4 | 27.1 | 27.2 | 25.9 | 0.7 | −97.3% | |
| Cost of revenue | 34.9 | 13.6 | 14.9 | 18.1 | 16.3 | 0.5 | −97.0% | |
| Gross profit | 27.2 | 10.8 | 12.2 | 13.1 | 9.6 | 0.2 | −97.8% | |
| Research & development | 4,568.0 | 4,793.0 | 5,019.0 | 5,488.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 10.4 | 8.3 | 13.1 | 9.9 | 11.4 | 2.7 | −76.6% | |
| Selling & marketing | 7.4 | 6.5 | 8.7 | 7.5 | 0.9 | 0.5 | −47.8% | |
| Operating expenses | 32.9 | 8.6 | 13.1 | 9.9 | 11.4 | 2.7 | −76.6% | |
| Operating income | (2.3) | 2.3 | 3.0 | 0.5 | (1.7) | (2.5) | −41.8% | |
| Interest expense | 2.6 | 6.8 | 0.8 | 0.1 | 0.2 | 0.7 | +187.8% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (2.6) | (6.8) | (0.8) | (0.1) | (0.2) | (0.7) | −187.8% | |
| Pre-tax income | (8.3) | (4.6) | (1.7) | 0.5 | (2.0) | (3.1) | −59.5% | |
| Income tax | (0.2) | 0.3 | (0.1) | 0.3 | (0.5) | 0.0 | +100.2% | |
| Net income | (7.9) | 9.4 | 26.8 | (2.9) | (4.7) | (4.9) | −4.7% | |
| Discontinued operations | 0.0 | 14.2 | 28.4 | (3.1) | (3.3) | (1.8) | +45.3% | |
| Other net income adjustments | (7.9) | (0.2) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.14) | 0.17 | 0.47 | (0.05) | (0.08) | (0.07) | +9.5% | |
| EPS, diluted (per share) | (0.14) | 0.17 | 0.47 | (0.05) | (0.08) | (0.07) | +9.5% | |
| EBITDA | 9.4 | 3.6 | (0.1) | 2.0 | 0.4 | (0.3) | −168.1% | |
| Depreciation & amortization | 2.4 | 1.3 | 0.8 | 1.5 | 2.1 | 2.2 | +4.0% | |
| Weighted average shares (shares) | 56,932,172 | 57,589,857 | 57,697,017 | 58,376,211 | 58,524,645 | 58,610,072 | +0.1% | |
| Weighted average diluted shares (shares) | 57,370,170 | 58,027,855 | 59,251,343 | 58,828,959 | 58,524,645 | 58,610,072 | +0.1% | |
| Gross margin | 43.8% | 46.2% | 45.0% | 48.2% | 37.1% | 29.9% | −7.2 pts | |
| Operating margin | −3.8% | 9.7% | 11.2% | 1.9% | −6.7% | −352.3% | −345.6 pts | |
| Net margin | −12.8% | 40.3% | 98.8% | −10.8% | −18.1% | −707.5% | −689.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
