| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.9 | 2.6 | 2.9 | 3.8 | 1.4 | 1.1 | −22.5% | |
| Cost of revenue | 0.3 | 0.7 | 1.3 | 1.4 | 0.1 | 1.7 | +1459.1% | |
| Gross profit | 1.6 | 1.9 | 1.6 | 2.3 | 1.3 | (0.6) | −148.9% | |
| Research & development | 4.0 | 5.6 | 6.6 | 5.2 | 3.7 | 1.9 | −49.3% | |
| Selling, general & administrative | 2.7 | 2.8 | 3.7 | 0.6 | 1.1 | 1.4 | +31.5% | |
| Selling & marketing | 1.1 | 1.0 | 1.2 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 6.7 | 8.3 | 10.3 | 7.6 | 6.4 | 3.3 | −47.8% | |
| Operating income | (5.1) | (6.3) | (8.7) | (5.3) | (5.1) | (3.9) | +22.4% | |
| Interest expense | 0.0 | 0.1 | 0.3 | 0.3 | 0.1 | 0.3 | +166.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −19.7% | |
| Other income / expense | (1.2) | (2.8) | 0.7 | (1.1) | (0.7) | (1.9) | −155.5% | |
| Pre-tax income | (6.3) | (9.2) | (8.0) | (6.4) | (5.8) | (5.8) | −0.2% | |
| Income tax | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (6.3) | (9.4) | (8.0) | (6.4) | (5.8) | (5.8) | −0.2% | |
| 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) | (0.17) | (0.14) | (0.11) | (0.04) | (0.02) | (0.00) | +91.4% | |
| EPS, diluted (per share) | (0.17) | (0.14) | (0.11) | (0.04) | (0.02) | (0.00) | +91.4% | |
| EBITDA | (5.0) | (7.9) | (6.3) | (4.7) | (4.1) | (2.3) | +45.2% | |
| Depreciation & amortization | 1.3 | 1.2 | 1.4 | 1.4 | 1.6 | 1.7 | +5.2% | |
| Weighted average shares (shares) | 36,590,988 | 67,492,412 | 76,013,296 | 143,878,359 | 385,614,604 | 4,179,048,317 | +983.7% | |
| Weighted average diluted shares (shares) | 36,590,988 | 67,492,412 | 76,013,296 | 143,876,859 | 385,600,025 | 4,179,048,317 | +983.8% | |
| Gross margin | 85.4% | 73.8% | 54.4% | 61.9% | 92.1% | −58.2% | −150.3 pts | |
| Operating margin | −274.5% | −240.1% | −296.1% | −139.8% | −367.9% | −368.2% | −0.4 pts | |
| Net margin | −337.4% | −355.2% | −272.4% | −168.5% | −421.6% | −545.4% | −123.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
