| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Cost of revenue | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | −44.7% | |
| Gross profit | 0.1 | 0.1 | (0.1) | (0.0) | (0.1) | (0.0) | +44.7% | |
| Research & development | 2.4 | 3.7 | 2.0 | 2.0 | 1.2 | 1.3 | +15.9% | |
| Selling, general & administrative | 1.8 | 1.6 | 0.8 | 1.2 | 1.1 | 1.1 | −2.7% | |
| Selling & marketing | 0.0 | 0.6 | 0.2 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 5.7 | 6.7 | 2.9 | 3.1 | 2.7 | 2.5 | −6.3% | |
| Operating income | (5.6) | (6.6) | (3.0) | (3.1) | (2.3) | (2.5) | −11.5% | |
| Interest expense | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | +497.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | +5894.1% | |
| Other income / expense | (1.7) | (2.4) | (1.4) | (0.4) | (0.1) | 0.4 | +456.3% | |
| Pre-tax income | (7.2) | (8.9) | (4.5) | (3.4) | (2.8) | (2.2) | +21.8% | |
| Income tax | (0.4) | (0.8) | (0.6) | (0.5) | (0.3) | (0.4) | −23.2% | |
| Net income | (6.9) | (8.2) | (3.8) | (2.9) | (2.5) | (1.8) | +27.2% | |
| 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) | (0.03) | (0.03) | (0.01) | (0.01) | (0.01) | (0.00) | +38.3% | |
| EPS, diluted (per share) | (0.03) | (0.03) | (0.01) | (0.01) | (0.01) | (0.00) | +38.3% | |
| EBITDA | (6.8) | (8.7) | (2.9) | (3.0) | (2.6) | (2.5) | +4.0% | |
| Depreciation & amortization | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | −44.7% | |
| Weighted average shares (shares) | 200,004,000 | 251,164,000 | 302,913,000 | 360,715,000 | 413,917,000 | 490,588,005 | +18.5% | |
| Weighted average diluted shares (shares) | 200,176,000 | 251,164,000 | 302,913,000 | 362,005,000 | 416,437,000 | 490,588,005 | +17.8% | |
| Gross margin | 100.0% | 100.0% | — | — | — | — | — | |
| Operating margin | −4,412.4% | −5,565.7% | — | — | — | — | — | |
| Net margin | −5,415.8% | −6,906.6% | — | — | — | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
