| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.8 | 3.6 | 5.0 | 5.5 | 4.7 | 6.0 | +27.5% | |
| Cost of revenue | 2.4 | 2.3 | 3.1 | 2.9 | 2.5 | 3.3 | +35.9% | |
| Gross profit | 2.3 | 1.3 | 1.9 | 2.6 | 2.3 | 2.7 | +18.4% | |
| Research & development | 0.5 | 0.5 | 0.5 | 0.4 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.9 | 3.0 | 2.8 | 2.9 | 2.2 | 2.4 | +8.5% | |
| Selling & marketing | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 3.6 | 4.1 | 4.0 | 3.6 | 3.5 | 2.4 | −29.7% | |
| Operating income | (1.3) | (2.8) | (2.1) | (1.0) | (1.2) | 0.3 | +121.8% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | −10.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +50.0% | |
| Other income / expense | (0.1) | (0.1) | (0.1) | (0.2) | (0.2) | (0.1) | +11.8% | |
| Pre-tax income | (1.4) | (2.9) | (2.3) | (1.2) | (1.3) | 0.1 | +109.3% | |
| Income tax | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.1) | −130.4% | |
| Net income | (1.3) | (2.8) | (2.2) | (1.1) | (1.3) | 0.2 | +113.5% | |
| 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) | (0.02) | (0.05) | (0.04) | (0.02) | (0.02) | 0.00 | +112.4% | |
| EPS, diluted (per share) | (0.02) | (0.05) | (0.04) | (0.02) | (0.02) | 0.00 | +111.3% | |
| EBITDA | (0.5) | (1.7) | (0.9) | (0.2) | (0.4) | 1.0 | +382.9% | |
| Depreciation & amortization | 0.8 | 1.1 | 1.2 | 0.9 | 0.8 | 0.8 | −7.5% | |
| Weighted average shares (shares) | 51,911,022 | 53,672,622 | 56,058,053 | 58,901,959 | 70,849,596 | 78,737,808 | +11.1% | |
| Weighted average diluted shares (shares) | 51,911,022 | 53,672,622 | 56,058,053 | 58,901,959 | 70,849,596 | 83,688,170 | +18.1% | |
| Gross margin | 48.8% | 36.4% | 37.5% | 47.5% | 48.1% | 44.7% | −3.4 pts | |
| Operating margin | −26.6% | −78.6% | −42.9% | −18.7% | −25.2% | 4.3% | +29.5 pts | |
| Net margin | −27.1% | −77.9% | −43.6% | −20.3% | −27.9% | 3.0% | +30.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
