| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.2 | 10.1 | 10.5 | 10.8 | 10.2 | 10.3 | +0.7% | |
| Cost of revenue | 5.7 | 5.5 | 5.8 | 5.4 | 5.2 | 5.0 | −4.1% | |
| Gross profit | 4.4 | 4.7 | 4.7 | 5.4 | 4.9 | 5.3 | +6.9% | |
| Research & development | 1.5 | 1.0 | 1.1 | 1.2 | 1.2 | 1.1 | −10.8% | |
| Selling, general & administrative | 4.0 | 3.9 | 3.9 | 3.3 | 1.8 | 1.4 | −24.6% | |
| Selling & marketing | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | 0.4 | −45.3% | |
| Operating expenses | 4.0 | 3.9 | 3.9 | 3.3 | 3.2 | 3.7 | +18.1% | |
| Operating income | 0.5 | 0.8 | 1.5 | 2.0 | 1.9 | 1.5 | −18.0% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +50.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | — | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | 0.3 | +688.9% | |
| Pre-tax income | 0.4 | 0.7 | 1.5 | 2.0 | 1.8 | 1.9 | +1.9% | |
| Income tax | (0.0) | (1.1) | (0.3) | (0.3) | 0.5 | 0.1 | −78.2% | |
| Net income | 0.4 | 1.8 | 1.8 | 2.3 | 1.3 | 1.7 | +36.0% | |
| 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) | 0.03 | 0.11 | 0.11 | 0.16 | 0.09 | 0.12 | +36.2% | |
| EPS, diluted (per share) | 0.03 | 0.11 | 0.11 | 0.16 | 0.09 | 0.12 | +39.5% | |
| EBITDA | 0.9 | 1.4 | 1.9 | 2.3 | 1.9 | 1.6 | −14.6% | |
| Depreciation & amortization | 0.4 | 0.6 | 0.4 | 0.3 | 0.1 | 0.1 | +21.4% | |
| Weighted average shares (shares) | 16,834,000 | 16,481,000 | 16,169,000 | 14,832,258 | 14,523,000 | 14,510,000 | −0.1% | |
| Weighted average diluted shares (shares) | 17,515,000 | 17,151,000 | 16,315,000 | 14,832,000 | 14,870,000 | 14,510,000 | −2.4% | |
| Gross margin | 43.6% | 45.9% | 44.9% | 49.8% | 48.3% | 51.3% | +3.0 pts | |
| Operating margin | 4.6% | 7.4% | 14.5% | 18.9% | 18.4% | 15.0% | −3.4 pts | |
| Net margin | 4.4% | 17.8% | 16.8% | 21.2% | 12.5% | 16.9% | +4.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
