| GBP millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (3.0) | 40.4 | (12.6) | (9.9) | 15.1 | 5.6 | −62.5% | |
| Cost of revenue | 1.4 | 1.7 | 1.2 | 1.0 | 0.3 | 0.3 | +13.0% | |
| Gross profit | (4.4) | 38.7 | (13.8) | (11.0) | 15.1 | 5.3 | −64.6% | |
| Research & development | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | +12.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | +15.3% | |
| Operating expenses | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | +12.9% | |
| Operating income | (3.5) | 39.8 | (13.4) | (10.6) | 14.7 | 4.6 | −68.8% | |
| Interest expense | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | +13.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.2 | −10.5% | |
| Other income / expense | 0.0 | 0.0 | (0.2) | (0.2) | (0.3) | (0.3) | −9.8% | |
| Pre-tax income | (3.5) | 39.8 | (13.4) | (10.6) | 14.4 | 4.6 | −68.2% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (3.5) | 39.8 | (13.4) | (10.6) | 14.4 | 4.6 | −68.2% | |
| 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) | (0.04) | 0.33 | (0.16) | (0.12) | 0.16 | 0.05 | −71.8% | |
| EPS, diluted (per share) | (0.04) | 0.33 | (0.16) | (0.12) | 0.16 | 0.05 | −71.8% | |
| EBITDA | (3.5) | 39.8 | (13.4) | (10.6) | 14.7 | 4.6 | −68.8% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 80,410,879 | 83,269,843 | 85,980,755 | 88,060,201 | 87,886,130 | 87,515,844 | −0.4% | |
| Weighted average diluted shares (shares) | 80,410,879 | 83,269,843 | 85,980,755 | 88,060,201 | 87,886,130 | 87,515,844 | −0.4% | |
| Gross margin | 145.8% | 95.9% | 109.2% | 110.3% | 100.0% | 94.3% | −5.7 pts | |
| Operating margin | 117.9% | 98.5% | 105.7% | 106.9% | 97.6% | 81.1% | −16.5 pts | |
| Net margin | 118.3% | 98.5% | 105.8% | 107.0% | 95.6% | 81.1% | −14.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
