| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.4 | 1.1 | 1.0 | 1.4 | 2.5 | 2.9 | +17.0% | |
| Cost of revenue | 0.0 | 0.1 | 0.2 | 0.2 | 0.4 | 0.6 | +71.1% | |
| Gross profit | 0.3 | 1.0 | 0.8 | 1.2 | 2.1 | 2.3 | +7.7% | |
| Research & development | 1.2 | 1.3 | 1.4 | 1.5 | 1.2 | 1.2 | +4.2% | |
| Selling, general & administrative | 2.0 | 2.6 | 3.7 | 4.0 | 4.0 | 3.1 | −22.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.8 | 3.9 | 4.5 | 3.9 | 5.5 | 4.1 | −24.6% | |
| Operating income | (2.5) | (3.0) | (3.7) | (2.6) | (3.4) | (1.9) | +44.5% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.2 | −17.5% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | +223.1% | |
| Other income / expense | 0.1 | 0.0 | 0.0 | (0.3) | (0.3) | 1.2 | +440.4% | |
| Pre-tax income | (2.4) | (2.9) | (3.7) | (2.9) | (3.7) | (0.7) | +81.5% | |
| Income tax | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | −226.7% | |
| Net income | (1.6) | (2.4) | (3.1) | (2.6) | (3.1) | (0.0) | +99.3% | |
| 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) | (0.29) | (0.13) | (0.14) | (0.11) | (0.13) | (0.00) | +99.2% | |
| EPS, diluted (per share) | (0.29) | (0.13) | (0.14) | (0.11) | (0.13) | (0.00) | +99.2% | |
| EBITDA | (2.2) | (2.7) | (3.3) | (2.3) | (3.1) | (1.5) | +51.3% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.3 | 0.5 | 0.4 | 0.4 | −12.9% | |
| Weighted average shares (shares) | 5,612,935 | 18,050,724 | 22,266,560 | 23,517,012 | 24,274,314 | 27,779,435 | +14.4% | |
| Weighted average diluted shares (shares) | 5,612,935 | 18,050,724 | 22,266,560 | 23,517,012 | 24,274,314 | 27,779,435 | +14.4% | |
| Gross margin | 88.3% | 89.3% | 77.9% | 84.8% | 85.3% | 78.5% | −6.8 pts | |
| Operating margin | −625.1% | −267.4% | −372.4% | −182.6% | −138.2% | −65.5% | +72.7 pts | |
| Net margin | −408.9% | −215.4% | −308.2% | −182.9% | −124.8% | −0.7% | +124.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
