| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.2 | 15.4 | 19.3 | 21.1 | 21.4 | 22.1 | +2.8% | |
| Cost of revenue | 1.0 | 2.0 | 2.5 | 2.1 | 2.3 | 2.7 | +21.4% | |
| Gross profit | 13.1 | 13.4 | 16.8 | 19.0 | 19.2 | 19.3 | +0.6% | |
| Research & development | 3.4 | 3.1 | 3.1 | 3.8 | 3.3 | 3.6 | +9.1% | |
| Selling, general & administrative | 14.8 | 12.2 | 13.7 | 15.1 | 18.4 | 16.6 | −9.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 18.2 | 15.3 | 16.8 | 23.2 | 18.4 | 20.1 | +9.5% | |
| Operating income | (1.6) | (1.9) | (0.1) | (0.2) | 0.8 | (0.8) | −208.0% | |
| Interest expense | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | +77.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 0.3 | (0.5) | (0.5) | (0.3) | (0.2) | (0.6) | −216.8% | |
| Pre-tax income | (1.3) | (2.3) | (0.5) | (0.5) | 0.6 | (1.4) | −339.6% | |
| Income tax | (1.7) | (0.8) | (0.6) | (0.3) | (0.3) | 0.0 | +106.9% | |
| Net income | 0.4 | (1.6) | 0.0 | (0.2) | 0.9 | (1.4) | −261.0% | |
| 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 | (0.03) | 0.00 | (0.00) | 0.02 | (0.03) | −261.0% | |
| EPS, diluted (per share) | 0.01 | (0.03) | 0.00 | (0.00) | 0.02 | (0.03) | −274.8% | |
| EBITDA | (0.4) | (1.2) | 0.4 | 0.9 | 2.3 | 0.8 | −63.8% | |
| Depreciation & amortization | 0.9 | 1.0 | 0.8 | 1.3 | 1.5 | 1.7 | +8.7% | |
| Weighted average shares (shares) | 49,219,000 | 49,516,000 | 49,621,000 | 50,378,000 | 50,607,000 | 50,691,000 | +0.2% | |
| Weighted average diluted shares (shares) | 56,470,000 | 49,516,000 | 56,962,000 | 50,378,000 | 54,883,000 | 50,691,000 | −7.6% | |
| Gross margin | 92.6% | 87.0% | 87.0% | 90.1% | 89.5% | 87.6% | −1.9 pts | |
| Operating margin | −11.3% | −12.2% | −0.4% | −1.0% | 3.6% | −3.8% | −7.4 pts | |
| Net margin | 2.8% | −10.1% | 0.1% | −1.1% | 4.2% | −6.5% | −10.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
