| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.6 | 15.3 | 20.5 | 25.3 | 18.2 | 27.8 | +52.9% | |
| Cost of revenue | 6.6 | 10.2 | 12.3 | 16.3 | 10.9 | 18.2 | +67.8% | |
| Gross profit | 2.1 | 5.0 | 8.2 | 9.0 | 7.3 | 9.6 | +30.9% | |
| Research & development | 2.1 | 1.8 | 4.6 | 2.7 | 4.2 | — | — | |
| Selling, general & administrative | 2.4 | 2.6 | 2.7 | 8.2 | 7.8 | — | — | |
| Selling & marketing | (0.1) | (1.7) | (4.7) | 0.0 | 0.0 | — | — | |
| Operating expenses | 4.5 | 4.4 | 7.3 | 8.1 | 12.0 | 10.8 | −9.7% | |
| Operating income | (2.5) | 0.0 | 0.8 | 0.9 | (4.7) | (1.2) | +73.3% | |
| Interest expense | 0.6 | 0.6 | 0.8 | 0.9 | 0.9 | 0.7 | −25.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.5) | (0.5) | (0.8) | (0.9) | (0.1) | — | — | |
| Pre-tax income | (2.7) | (0.5) | 0.0 | (0.1) | (4.8) | 2.3 | +146.9% | |
| Income tax | (0.7) | (0.7) | (1.8) | 0.1 | (2.1) | 1.0 | +148.9% | |
| Net income | (2.1) | 0.1 | 1.8 | (0.2) | (2.7) | 1.2 | +145.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | (0.06) | 0.00 | 0.02 | (0.00) | (0.03) | 0.01 | +137.7% | |
| EPS, diluted (per share) | (0.06) | 0.00 | 0.02 | (0.00) | (0.03) | 0.01 | +137.7% | |
| EBITDA | (2.0) | 0.4 | 1.6 | 1.7 | (2.3) | 1.6 | +172.7% | |
| Depreciation & amortization | 0.2 | 0.3 | 0.7 | 0.8 | 1.7 | 2.9 | +74.5% | |
| Weighted average shares (shares) | 35,286,000 | 75,231,809 | 75,833,000 | 80,747,000 | 83,512,000 | 100,332,000 | +20.1% | |
| Weighted average diluted shares (shares) | 35,286,000 | 75,231,809 | 77,874,000 | 80,747,000 | 83,512,000 | 100,705,000 | +20.6% | |
| Gross margin | 23.9% | 33.0% | 39.9% | 35.6% | 40.3% | 34.5% | −5.8 pts | |
| Operating margin | −28.9% | 0.0% | 4.0% | 3.5% | −25.7% | −4.5% | +21.2 pts | |
| Net margin | −24.1% | 1.0% | 8.8% | −0.7% | −15.0% | 4.5% | +19.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
