| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.0 | 1.2 | 1.4 | 2.2 | 2.7 | 3.1 | +13.9% | |
| Cost of revenue | 0.4 | 0.6 | 0.8 | 1.1 | 1.3 | 1.5 | +20.6% | |
| Gross profit | 0.5 | 0.6 | 0.6 | 1.0 | 1.4 | 1.5 | +7.9% | |
| Research & development | 0.0 | 0.0 | 0.1 | 0.3 | 0.1 | 0.0 | −100.0% | |
| Selling, general & administrative | 1.6 | 2.1 | 6.4 | 7.8 | 2.1 | 2.0 | −4.6% | |
| Selling & marketing | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | +5.2% | |
| Operating expenses | 1.6 | 4.1 | 6.5 | 8.2 | 6.6 | 7.4 | +13.3% | |
| Operating income | (1.1) | (3.5) | (5.9) | (7.2) | (5.1) | (5.9) | −14.8% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −72.9% | |
| Interest income | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | 0.0 | −56.1% | |
| Other income / expense | 0.0 | 0.0 | 0.2 | 0.1 | 0.1 | 0.0 | −41.2% | |
| Pre-tax income | (1.0) | (4.1) | (5.7) | (7.0) | (5.1) | (5.9) | −15.3% | |
| Income tax | 0.1 | 0.0 | (0.2) | (0.0) | (0.6) | (0.2) | +75.7% | |
| Net income | (1.2) | (4.1) | (5.6) | (7.0) | (4.4) | (5.7) | −28.7% | |
| 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) | (0.01) | (0.08) | (0.06) | (0.07) | (0.03) | (0.02) | +17.8% | |
| EPS, diluted (per share) | (0.01) | (0.08) | (0.06) | (0.07) | (0.03) | (0.02) | +17.8% | |
| EBITDA | (1.0) | (4.1) | (5.6) | (6.6) | (4.7) | (5.6) | −20.0% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.2 | 0.4 | 0.3 | 0.3 | −23.3% | |
| Weighted average shares (shares) | 114,361,000 | 50,552,205 | 95,816,866 | 95,816,866 | 175,023,256 | 274,347,963 | +56.7% | |
| Weighted average diluted shares (shares) | 114,361,000 | 50,522,205 | 95,816,866 | 95,816,866 | 175,023,256 | 274,347,963 | +56.7% | |
| Gross margin | 54.4% | 51.4% | 44.2% | 47.3% | 52.8% | 50.0% | −2.8 pts | |
| Operating margin | −109.3% | −306.2% | −412.5% | −331.1% | −190.1% | −191.6% | −1.5 pts | |
| Net margin | −121.4% | −358.9% | −388.7% | −324.8% | −164.2% | −185.5% | −21.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
