| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.5 | 22.0 | 23.3 | 25.3 | 24.1 | 19.2 | −20.5% | |
| Cost of revenue | 8.1 | 7.8 | 9.2 | 10.3 | 10.4 | 12.3 | +18.1% | |
| Gross profit | 14.4 | 14.2 | 14.1 | 14.9 | 13.7 | 6.9 | −49.7% | |
| Research & development | 0.4 | 1.3 | 3.0 | 0.0 | 0.0 | 2.0 | — | |
| Selling, general & administrative | 13.8 | 16.5 | 24.4 | 26.2 | 19.1 | 8.3 | −56.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 13.9 | 17.0 | 25.1 | 30.4 | 19.1 | 10.3 | −46.2% | |
| Operating income | 0.5 | (2.8) | (11.0) | (15.5) | (5.4) | (3.4) | +37.2% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | −38.3% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 | −100.0% | |
| Other income / expense | (0.1) | (0.1) | (0.1) | 0.1 | (0.1) | (2.3) | −1989.3% | |
| Pre-tax income | 0.3 | (2.9) | (11.1) | (15.5) | (5.5) | (5.7) | −4.1% | |
| Income tax | 0.2 | 0.4 | (0.3) | 0.2 | (2.2) | (0.1) | +93.2% | |
| Net income | 0.2 | (3.3) | (10.8) | (15.7) | (3.3) | (5.6) | −68.3% | |
| 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) | 0.00 | (0.06) | (0.17) | (0.24) | (0.05) | (0.09) | −68.2% | |
| EPS, diluted (per share) | 0.00 | (0.06) | (0.17) | (0.24) | (0.05) | (0.09) | −68.2% | |
| EBITDA | 3.5 | 0.7 | (7.8) | (10.5) | (0.6) | (1.3) | −104.7% | |
| Depreciation & amortization | 3.0 | 3.5 | 3.1 | 4.8 | 4.7 | 4.3 | −8.3% | |
| Weighted average shares (shares) | 49,695,621 | 53,713,487 | 64,385,219 | 64,407,222 | 64,677,667 | 64,712,974 | +0.1% | |
| Weighted average diluted shares (shares) | 49,794,049 | 53,713,487 | 64,385,219 | 64,407,222 | 64,677,667 | 64,712,974 | +0.1% | |
| Gross margin | 63.9% | 64.7% | 60.6% | 59.0% | 56.9% | 36.0% | −20.9 pts | |
| Operating margin | 2.1% | −12.7% | −47.4% | −61.4% | −22.3% | −17.6% | +4.7 pts | |
| Net margin | 0.7% | −15.2% | −46.4% | −62.2% | −13.7% | −29.0% | −15.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
