| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.5 | 0.3 | 0.2 | 0.5 | 0.6 | 1.1 | +72.2% | |
| Cost of revenue | 0.6 | 0.9 | 0.0 | 0.2 | 0.3 | 7.2 | +1987.6% | |
| Gross profit | (0.2) | (0.6) | 0.1 | 0.3 | 0.3 | (6.1) | −2227.7% | |
| Research & development | 0.6 | 0.9 | 0.5 | 0.8 | 0.8 | 0.6 | −24.0% | |
| Selling, general & administrative | 1.3 | 1.9 | 2.5 | 3.4 | 4.5 | 3.9 | −12.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.8 | 7.0 | 8.7 | 10.4 | 13.2 | 4.5 | −65.8% | |
| Operating income | (5.0) | (7.5) | (8.6) | (11.0) | (12.9) | (10.7) | +17.3% | |
| Interest expense | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.4 | +87.6% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −43.8% | |
| Other income / expense | 0.0 | (0.1) | 1.0 | (0.4) | 0.9 | (0.8) | −180.9% | |
| Pre-tax income | (4.9) | (7.6) | (7.6) | (11.4) | (12.0) | (11.4) | +4.5% | |
| Income tax | (0.6) | (0.9) | (0.9) | (0.6) | (0.4) | (0.3) | +30.8% | |
| Net income | (4.3) | (6.7) | (6.7) | (10.8) | (11.6) | (11.2) | +3.6% | |
| 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) | (0.05) | (0.07) | (0.07) | (0.07) | (0.05) | (0.01) | +82.3% | |
| EPS, diluted (per share) | (0.05) | (0.07) | (0.07) | (0.07) | (0.05) | (0.01) | +82.3% | |
| EBITDA | (4.4) | (6.4) | (6.2) | (9.8) | (10.3) | (9.8) | +4.5% | |
| Depreciation & amortization | 0.5 | 1.1 | 1.2 | 1.4 | 1.5 | 1.2 | −18.2% | |
| Weighted average shares (shares) | 92,559,771 | 92,559,771 | 99,702,257 | 147,481,566 | 255,728,889 | 1,387,075,152 | +442.4% | |
| Weighted average diluted shares (shares) | 92,559,771 | 92,559,771 | 99,702,257 | 147,481,566 | 255,728,889 | 1,387,075,152 | +442.4% | |
| Gross margin | −36.4% | −163.3% | 75.3% | 52.2% | 45.4% | −561.6% | −607.0 pts | |
| Operating margin | −1,085.7% | −2,202.9% | −5,585.1% | −2,162.0% | −2,027.4% | −973.8% | +1053.6 pts | |
| Net margin | −945.8% | −1,959.5% | −4,357.1% | −2,122.7% | −1,818.7% | −1,018.5% | +800.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
