| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.8 | 8.5 | 7.5 | 9.8 | 8.3 | 7.0 | −16.3% | |
| Cost of revenue | 2.8 | 3.8 | 4.4 | 3.7 | 3.3 | 2.7 | −18.9% | |
| Gross profit | 4.0 | 4.7 | 3.2 | 6.0 | 5.0 | 4.3 | −14.5% | |
| Research & development | 0.1 | 0.3 | 0.3 | 0.3 | 0.4 | 0.1 | −69.1% | |
| Selling, general & administrative | 4.6 | 5.7 | 6.3 | 6.7 | 5.3 | — | — | |
| Selling & marketing | 1.0 | 1.3 | 1.5 | 1.4 | 0.0 | — | — | |
| Operating expenses | 4.3 | 5.3 | 6.0 | 6.6 | 5.6 | 5.3 | −5.7% | |
| Operating income | (0.5) | (0.6) | (2.8) | (0.5) | (0.6) | (1.0) | −63.3% | |
| Interest expense | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −23.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −53.1% | |
| Other income / expense | (0.1) | (0.4) | (0.5) | (0.2) | 2.2 | — | — | |
| Pre-tax income | (0.5) | (1.0) | (3.3) | (0.7) | 1.6 | (4.4) | −382.2% | |
| Income tax | (0.9) | 0.5 | (0.1) | (0.4) | 0.0 | 1.4 | — | |
| Net income | (2.1) | (11.3) | (3.9) | (0.3) | 1.6 | (5.8) | −472.0% | |
| Discontinued operations | (2.5) | (9.9) | (0.7) | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | (0.01) | (0.06) | (0.02) | (0.00) | 0.01 | (0.02) | −471.2% | |
| EPS, diluted (per share) | (0.01) | (0.06) | (0.02) | (0.00) | 0.01 | (0.02) | −471.2% | |
| EBITDA | 0.4 | (0.4) | (2.6) | (0.1) | 2.2 | (0.4) | −117.8% | |
| Depreciation & amortization | 0.9 | 0.5 | 0.6 | 0.7 | 0.6 | 0.7 | +6.2% | |
| Weighted average shares (shares) | 171,688,730 | 182,638,427 | 231,263,884 | 237,727,136 | 238,270,660 | 237,950,660 | −0.1% | |
| Weighted average diluted shares (shares) | 177,104,179 | 182,638,427 | 231,263,884 | 238,097,136 | 238,270,660 | 237,950,660 | −0.1% | |
| Gross margin | 58.6% | 55.6% | 42.0% | 61.9% | 60.1% | 61.3% | +1.2 pts | |
| Operating margin | −7.2% | −6.8% | −36.8% | −5.5% | −7.7% | −15.0% | −7.3 pts | |
| Net margin | −30.9% | −132.7% | −51.2% | −3.4% | 18.8% | −83.5% | −102.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
