| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 233.3 | 240.3 | 290.4 | 316.4 | 247.3 | 230.1 | −7.0% | |
| Cost of revenue | 123.2 | 132.0 | 169.8 | 185.1 | 150.3 | 133.8 | −11.0% | |
| Gross profit | 110.1 | 108.3 | 120.6 | 131.3 | 97.0 | 96.3 | −0.7% | |
| Research & development | 15.9 | 16.8 | 27.9 | 26.5 | 19.9 | 21.5 | +8.0% | |
| Selling, general & administrative | 57.4 | 61.8 | 116.8 | 80.3 | 73.5 | 29.2 | −60.3% | |
| Selling & marketing | 52.4 | 47.8 | 58.2 | 69.6 | 58.7 | 24.5 | −58.3% | |
| Operating expenses | 72.7 | 78.6 | 144.7 | 106.8 | 93.4 | 95.6 | +2.4% | |
| Operating income | 37.4 | 29.7 | 35.6 | 24.5 | 3.6 | 0.7 | −80.6% | |
| Interest expense | 1.7 | 1.3 | 5.2 | 15.4 | 13.0 | 10.1 | −22.3% | |
| Interest income | 0.0 | 0.0 | 0.1 | 1.5 | 1.7 | 2.1 | +23.5% | |
| Other income / expense | (1.7) | (1.3) | (66.4) | (13.3) | (11.3) | (8.0) | +29.2% | |
| Pre-tax income | 35.7 | 28.4 | (30.8) | 11.2 | (7.7) | (7.3) | +5.2% | |
| Income tax | 4.0 | 5.4 | (11.2) | 20.2 | 1.9 | 4.0 | +110.5% | |
| Net income | 31.5 | 22.6 | (20.0) | (9.2) | (9.6) | (11.4) | −18.8% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | (0.8) | (0.4) | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 1.63 | 1.16 | (1.02) | (0.45) | (0.40) | (0.42) | −5.0% | |
| EPS, diluted (per share) | 1.60 | 1.14 | (1.02) | (0.45) | (0.40) | (0.42) | −5.0% | |
| EBITDA | 51.5 | 42.9 | (7.1) | 32.8 | 24.0 | 19.5 | −18.8% | |
| Depreciation & amortization | 14.0 | 13.2 | 17.6 | 8.3 | 18.7 | 18.8 | +0.5% | |
| Weighted average shares (shares) | 19,326,000 | 19,514,000 | 19,616,000 | 20,281,000 | 23,720,000 | 27,122,000 | +14.3% | |
| Weighted average diluted shares (shares) | 19,653,000 | 19,858,000 | 19,616,000 | 20,281,000 | 23,720,000 | 27,122,000 | +14.3% | |
| Gross margin | 47.2% | 45.1% | 41.5% | 41.5% | 39.2% | 41.9% | +2.6 pts | |
| Operating margin | 16.0% | 12.4% | 12.3% | 7.7% | 1.5% | 0.3% | −1.2 pts | |
| Net margin | 13.5% | 9.4% | −6.9% | −2.9% | −3.9% | −5.0% | −1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
