| GBP millions | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.6 | 29.7 | 26.0 | 23.3 | 22.1 | 21.5 | −2.8% | |
| Cost of revenue | 5.7 | 5.7 | 22.9 | 1.8 | 1.2 | 1.3 | +10.2% | |
| Gross profit | 29.8 | 24.0 | 20.2 | 21.6 | 20.9 | 21.5 | +2.9% | |
| Research & development | 0.2 | 0.2 | 0.6 | 0.1 | 0.0 | 0.0 | −4.7% | |
| Selling, general & administrative | 21.3 | 4.9 | 3.7 | 0.8 | 20.2 | 19.4 | −4.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 30.7 | 4.9 | 21.2 | 22.6 | 20.2 | 21.9 | +8.7% | |
| Operating income | (0.8) | (8.9) | (1.0) | (6.1) | (11.3) | (0.5) | +96.0% | |
| Interest expense | 0.3 | 0.5 | 0.5 | 0.6 | 0.9 | 1.8 | +107.2% | |
| Interest income | 0.0 | 0.5 | 0.0 | 0.0 | 1.0 | 0.0 | −100.0% | |
| Other income / expense | (0.3) | (0.5) | (0.5) | (0.6) | (1.2) | (1.9) | −60.4% | |
| Pre-tax income | (1.1) | (9.4) | (1.5) | (6.7) | (12.5) | (2.4) | +81.0% | |
| Income tax | (0.2) | (0.4) | (0.1) | (0.1) | 0.3 | (0.0) | −108.9% | |
| Net income | (2.7) | (9.1) | (1.4) | (6.5) | (12.8) | (2.4) | +81.7% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | (1.6) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.03) | (0.10) | (0.02) | (0.07) | (0.14) | (0.03) | +82.0% | |
| EPS, diluted (per share) | (0.03) | (0.10) | (0.02) | (0.07) | (0.14) | (0.03) | +82.0% | |
| EBITDA | 2.6 | (6.3) | 1.0 | (4.3) | (10.1) | 0.8 | +107.9% | |
| Depreciation & amortization | 2.2 | 2.5 | 2.0 | 1.8 | 1.2 | 1.3 | +10.2% | |
| Weighted average shares (shares) | 93,333,000 | 93,333,000 | 93,333,000 | 93,333,000 | 93,333,000 | 93,254,000 | −0.1% | |
| Weighted average diluted shares (shares) | 95,139,000 | 93,333,000 | 93,333,000 | 93,333,000 | 93,333,000 | 93,254,000 | −0.1% | |
| Gross margin | 83.9% | 80.9% | 77.7% | 92.4% | 94.5% | 100.0% | +5.5 pts | |
| Operating margin | −2.3% | −29.9% | −4.0% | −26.1% | −51.4% | −2.1% | +49.3 pts | |
| Net margin | −7.6% | −30.8% | −5.6% | −28.1% | −58.1% | −11.0% | +47.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
