| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.8 | 31.7 | 43.1 | 47.7 | 48.2 | 46.7 | −3.2% | |
| Cost of revenue | 5.2 | 5.9 | 7.8 | 1.3 | 13.7 | 22.1 | +61.4% | |
| Gross profit | 17.6 | 25.7 | 35.3 | 46.5 | 34.5 | 24.6 | −28.8% | |
| Research & development | 0.4 | 0.5 | 0.7 | 0.2 | 9.3 | (0.8) | −108.8% | |
| Selling, general & administrative | 16.9 | 24.5 | 34.1 | 45.6 | 31.7 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 17.3 | 25.0 | 34.7 | 45.6 | 31.5 | 25.1 | −20.3% | |
| Operating income | 0.2 | 0.7 | 0.6 | 0.8 | 3.0 | (0.6) | −119.2% | |
| Interest expense | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | −19.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | +28.6% | |
| Other income / expense | (0.1) | (0.0) | (0.1) | (0.1) | 0.0 | — | — | |
| Pre-tax income | 0.1 | 0.7 | (0.8) | 0.7 | 3.0 | (0.2) | −106.1% | |
| Income tax | 0.2 | 0.1 | (1.9) | (5.0) | 1.4 | (0.5) | −134.1% | |
| Net income | (0.1) | 0.6 | 1.2 | 5.7 | 1.6 | 0.3 | −82.7% | |
| 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) | (0.00) | 0.02 | 0.04 | 0.19 | 0.05 | 0.01 | −82.9% | |
| EPS, diluted (per share) | (0.00) | 0.02 | 0.04 | 0.17 | 0.05 | 0.01 | −82.8% | |
| EBITDA | 3.3 | 4.6 | 5.1 | 9.8 | 5.3 | 8.1 | +51.6% | |
| Depreciation & amortization | 3.1 | 3.9 | 5.7 | 8.9 | 2.3 | 8.6 | +268.7% | |
| Weighted average shares (shares) | 25,850,194 | 26,136,009 | 27,942,991 | 29,447,934 | 33,312,883 | 29,925,637 | −10.2% | |
| Weighted average diluted shares (shares) | 25,850,194 | 29,829,550 | 31,380,031 | 33,023,176 | 33,290,154 | 33,652,338 | +1.1% | |
| Gross margin | 77.0% | 81.3% | 81.9% | 97.3% | 71.6% | 52.6% | −18.9 pts | |
| Operating margin | 1.0% | 2.3% | 1.3% | 1.7% | 6.2% | −1.2% | −7.4 pts | |
| Net margin | −0.3% | 1.7% | 2.8% | 12.0% | 3.4% | 0.6% | −2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
