| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.8 | 9.2 | 6.2 | 6.4 | 6.6 | 5.7 | −13.0% | |
| Cost of revenue | 5.7 | 5.6 | 3.9 | 4.0 | 3.5 | 2.9 | −19.2% | |
| Gross profit | 4.1 | 3.6 | 2.3 | 2.3 | 3.1 | 2.9 | −5.9% | |
| Research & development | 0.6 | 0.5 | 0.5 | 0.2 | 0.0 | 0.4 | — | |
| Selling, general & administrative | 4.5 | 5.1 | 5.2 | 3.9 | 4.1 | 4.0 | −2.8% | |
| Selling & marketing | 0.4 | 0.5 | 0.4 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Operating expenses | 4.5 | 5.1 | 5.2 | 4.1 | 4.1 | 4.4 | +6.8% | |
| Operating income | (0.4) | (1.5) | (2.9) | (1.8) | (1.1) | (1.5) | −42.4% | |
| Interest expense | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | +7.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.0) | (0.1) | (0.1) | (0.4) | (0.3) | (0.9) | −268.5% | |
| Pre-tax income | (0.4) | (1.5) | (3.0) | (2.2) | (1.3) | (2.5) | −85.6% | |
| Income tax | (0.1) | (0.1) | (0.1) | (0.1) | 0.0 | 0.0 | — | |
| Net income | (0.3) | (1.4) | (2.9) | (2.2) | (1.3) | (2.5) | −85.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.00) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) | −71.4% | |
| EPS, diluted (per share) | (0.00) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) | −71.4% | |
| EBITDA | (0.2) | (1.2) | (2.7) | (1.8) | (0.8) | (1.3) | −54.2% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | −12.3% | |
| Weighted average shares (shares) | 172,207,989 | 172,851,825 | 175,226,254 | 184,806,833 | 214,448,178 | 231,511,990 | +8.0% | |
| Weighted average diluted shares (shares) | 172,207,989 | 172,851,825 | 175,226,254 | 184,806,833 | 214,448,178 | 231,511,990 | +8.0% | |
| Gross margin | 42.1% | 39.2% | 37.0% | 36.5% | 46.4% | 50.2% | +3.8 pts | |
| Operating margin | −4.0% | −16.1% | −47.6% | −27.6% | −16.5% | −27.0% | −10.5 pts | |
| Net margin | −3.4% | −15.3% | −46.9% | −34.3% | −20.4% | −43.5% | −23.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
