| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.7 | 10.1 | 12.6 | 13.5 | 10.3 | 9.4 | −9.1% | |
| Cost of revenue | 1.3 | 2.0 | 3.3 | 2.7 | 2.0 | 2.4 | +22.5% | |
| Gross profit | 5.4 | 8.1 | 9.3 | 10.8 | 8.4 | 7.0 | −16.5% | |
| Research & development | 1.5 | 1.7 | 2.2 | 3.8 | 2.6 | 2.4 | −5.0% | |
| Selling, general & administrative | 4.5 | 5.9 | 8.1 | 9.1 | 7.2 | 6.0 | −16.4% | |
| Selling & marketing | (1.6) | (1.6) | 2.5 | 3.0 | 2.3 | 2.7 | +18.2% | |
| Operating expenses | 6.0 | 7.5 | 10.3 | 14.1 | 9.6 | 8.6 | −10.4% | |
| Operating income | (0.5) | 0.3 | (0.9) | (3.3) | (1.2) | (1.6) | −32.9% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.2 | 0.6 | 0.3 | −41.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −81.0% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.2) | (0.5) | (0.0) | +97.2% | |
| Pre-tax income | (0.6) | 0.3 | (0.6) | (3.5) | (1.7) | (1.6) | +8.4% | |
| Income tax | (0.2) | (0.2) | (0.2) | 0.1 | 0.1 | 0.1 | +43.4% | |
| Net income | (0.4) | 0.5 | (0.4) | (3.5) | (1.8) | (1.7) | +6.2% | |
| 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) | (0.01) | 0.01 | (0.01) | (0.10) | (0.05) | (0.04) | +16.5% | |
| EPS, diluted (per share) | (0.01) | 0.01 | (0.01) | (0.10) | (0.05) | (0.04) | +16.5% | |
| EBITDA | (0.5) | 0.4 | (0.5) | (2.6) | (0.5) | (1.0) | −77.1% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.7 | 0.6 | 0.6 | −4.7% | |
| Weighted average shares (shares) | 29,776,000 | 31,170,000 | 31,170,000 | 34,596,969 | 38,640,000 | 43,362,000 | +12.2% | |
| Weighted average diluted shares (shares) | 29,776,000 | 31,519,000 | 31,170,000 | 34,596,969 | 38,640,000 | 43,362,000 | +12.2% | |
| Gross margin | 80.4% | 80.0% | 73.9% | 79.9% | 81.1% | 74.5% | −6.6 pts | |
| Operating margin | −8.1% | 2.6% | −7.4% | −24.5% | −11.3% | −16.5% | −5.2 pts | |
| Net margin | −6.5% | 4.5% | −3.2% | −26.0% | −17.3% | −17.8% | −0.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
