| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.0 | 35.4 | 39.0 | 57.8 | 67.6 | 62.3 | −7.8% | |
| Cost of revenue | 12.2 | 14.9 | 14.8 | 28.9 | 36.1 | 23.1 | −35.9% | |
| Gross profit | 6.9 | 11.7 | 17.5 | 28.9 | 31.5 | 39.2 | +24.4% | |
| Research & development | 11.8 | 7.4 | 11.3 | 11.3 | 18.6 | 18.9 | +1.8% | |
| Selling, general & administrative | 12.2 | 11.7 | 25.9 | 19.4 | 23.3 | 38.9 | +67.0% | |
| Selling & marketing | 3.8 | 4.6 | 6.5 | 6.5 | 8.0 | 7.5 | −6.0% | |
| Operating expenses | 28.4 | 29.0 | 36.0 | 42.6 | 58.4 | 57.9 | −0.8% | |
| Operating income | (21.3) | (13.4) | (18.5) | (13.7) | (26.9) | (18.7) | +30.3% | |
| Interest expense | 0.5 | 0.4 | 0.3 | 2.6 | 5.8 | 7.0 | +22.4% | |
| Interest income | 0.6 | 0.2 | 0.3 | 0.7 | 0.4 | 0.9 | +127.5% | |
| Other income / expense | (10.1) | 0.8 | (0.0) | (1.9) | (5.3) | (7.0) | −31.8% | |
| Pre-tax income | (21.6) | (12.6) | (18.5) | (15.6) | (32.2) | (25.8) | +20.0% | |
| Income tax | 0.6 | 0.4 | 0.0 | (0.0) | (0.9) | 0.5 | +155.2% | |
| Net income | (22.2) | (13.1) | (18.6) | (15.5) | (31.3) | (25.3) | +19.2% | |
| 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) | (0.00) | (0.00) | (0.00) | (0.01) | (0.01) | +27.6% | |
| EPS, diluted (per share) | (0.01) | (0.00) | (0.00) | (0.00) | (0.01) | (0.01) | +27.6% | |
| EBITDA | (30.1) | (13.0) | (19.0) | (13.6) | (26.4) | (16.3) | +38.3% | |
| Depreciation & amortization | 0.7 | 0.4 | 0.6 | 1.0 | 1.3 | 2.3 | +85.4% | |
| Weighted average shares (shares) | 3,365,214,000 | 3,875,618,000 | 4,042,854,000 | 3,886,999,966 | 4,156,019,000 | 4,553,252,838 | +9.6% | |
| Weighted average diluted shares (shares) | 3,365,214,000 | 3,875,618,000 | 4,156,019,000 | 4,156,019,000 | 4,156,019,000 | 4,556,413,000 | +9.6% | |
| Gross margin | 36.1% | 33.1% | 44.9% | 50.0% | 46.6% | 62.9% | +16.3 pts | |
| Operating margin | −111.7% | −37.8% | −47.4% | −23.7% | −39.7% | −30.0% | +9.7 pts | |
| Net margin | −116.7% | −36.9% | −47.6% | −26.9% | −46.2% | −40.5% | +5.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
