| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.1 | 16.4 | 22.3 | 11.0 | 3.6 | 0.0 | −100.0% | |
| Cost of revenue | 0.7 | 11.3 | 17.5 | 8.9 | 3.8 | 0.2 | −94.3% | |
| Gross profit | (0.6) | 5.1 | 4.8 | 2.0 | (0.2) | (0.2) | −10.8% | |
| Research & development | 0.5 | 0.2 | 0.5 | 1.0 | 0.4 | 0.0 | −100.0% | |
| Selling, general & administrative | 2.2 | 2.6 | 3.0 | 2.3 | 1.1 | 0.6 | −49.0% | |
| Selling & marketing | 0.0 | 0.7 | 0.9 | 0.6 | 0.6 | 0.0 | −100.0% | |
| Operating expenses | 3.1 | 3.1 | 3.3 | 2.4 | 2.0 | 0.4 | −82.3% | |
| Operating income | (3.8) | 2.0 | 1.5 | (0.4) | (2.2) | (0.6) | +74.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | −40.2% | |
| Other income / expense | (0.0) | (0.0) | 0.0 | 0.2 | 0.4 | (0.1) | −118.5% | |
| Pre-tax income | (3.8) | 2.0 | 1.5 | (0.2) | (1.8) | (0.7) | +63.2% | |
| Income tax | 0.8 | 0.5 | (0.7) | (0.0) | 0.0 | 0.0 | — | |
| Net income | (3.8) | 2.0 | 1.5 | (0.2) | (1.8) | (1.6) | +8.9% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (1.0) | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.13) | 0.04 | 0.03 | (0.00) | (0.03) | (0.03) | +9.0% | |
| EPS, diluted (per share) | (0.13) | 0.04 | 0.03 | (0.00) | (0.03) | (0.03) | +9.0% | |
| EBITDA | (3.6) | 2.2 | 1.7 | 0.0 | (1.5) | (0.4) | +76.5% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | −15.7% | |
| Weighted average shares (shares) | 28,050,440 | 47,390,133 | 51,620,199 | 51,306,873 | 51,822,725 | 51,851,821 | +0.1% | |
| Weighted average diluted shares (shares) | 28,050,440 | 49,603,733 | 51,881,533 | 51,971,128 | 51,822,725 | 51,851,821 | +0.1% | |
| Gross margin | −1,280.6% | 31.3% | 21.4% | 18.7% | −5.4% | — | — | |
| Operating margin | −7,516.1% | 12.5% | 6.7% | −3.3% | −61.8% | — | — | |
| Net margin | −7,526.0% | 12.2% | 6.8% | −1.4% | −49.5% | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
