| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.6 | 4.1 | 4.3 | 5.3 | 6.8 | 7.4 | +9.9% | |
| Cost of revenue | 0.4 | 0.7 | 1.0 | 1.1 | 1.2 | 2.9 | +144.6% | |
| Gross profit | 4.2 | 3.5 | 3.3 | 4.1 | 5.6 | 4.6 | −18.2% | |
| Research & development | 0.0 | 0.0 | 0.9 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.6 | 6.7 | 6.1 | 8.8 | 6.6 | 7.4 | +12.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 9.6 | 6.4 | 5.9 | 8.6 | 6.5 | 6.2 | −4.8% | |
| Operating income | (5.4) | (3.0) | (2.6) | (4.5) | (0.9) | (1.6) | −80.2% | |
| Interest expense | 0.3 | 0.4 | 0.6 | 0.4 | 0.6 | 0.6 | +2.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +80.0% | |
| Other income / expense | (0.3) | (0.4) | (0.6) | (0.4) | (0.5) | (0.6) | −1.8% | |
| Pre-tax income | (5.7) | (3.4) | (3.3) | (4.9) | (1.4) | (2.1) | −50.2% | |
| Income tax | (0.2) | (0.1) | (0.2) | (0.3) | (0.1) | (0.1) | +12.0% | |
| Net income | (5.9) | (3.3) | (3.1) | (4.6) | (1.3) | (2.0) | −56.6% | |
| 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) | (0.17) | (0.09) | (0.07) | (0.13) | (0.04) | (0.05) | −41.8% | |
| EPS, diluted (per share) | (0.17) | (0.09) | (0.07) | (0.13) | (0.04) | (0.05) | −42.2% | |
| EBITDA | (3.7) | (1.3) | (1.0) | (3.2) | 0.4 | (0.4) | −210.0% | |
| Depreciation & amortization | 1.7 | 1.7 | 1.6 | 1.3 | 1.2 | 1.2 | −2.0% | |
| Weighted average shares (shares) | 33,256,848 | 35,502,896 | 46,671,529 | 35,530,769 | 35,815,256 | 39,567,346 | +10.5% | |
| Weighted average diluted shares (shares) | 33,256,848 | 35,502,896 | 46,671,529 | 35,666,336 | 46,318,047 | 39,567,346 | −14.6% | |
| Gross margin | 90.4% | 83.6% | 77.7% | 78.3% | 82.8% | 61.6% | −21.1 pts | |
| Operating margin | −117.9% | −72.3% | −61.5% | −85.9% | −13.0% | −21.3% | −8.3 pts | |
| Net margin | −128.0% | −80.7% | −72.6% | −87.7% | −19.1% | −27.2% | −8.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
