| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.6 | 36.6 | 39.1 | 49.1 | 55.8 | 68.1 | +22.0% | |
| Cost of revenue | 30.1 | 28.0 | 22.5 | 29.1 | 31.9 | 38.9 | +22.2% | |
| Gross profit | 14.6 | 15.6 | 16.6 | 20.0 | 23.9 | 29.2 | +21.8% | |
| Research & development | 3.2 | 2.8 | 3.0 | 1.5 | 2.2 | 0.0 | −100.0% | |
| Selling, general & administrative | 19.9 | 11.2 | 15.5 | 17.0 | 19.2 | 23.2 | +21.2% | |
| Selling & marketing | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | +18.7% | |
| Operating expenses | 19.9 | 16.5 | 15.5 | 17.3 | 19.7 | 23.2 | +17.9% | |
| Operating income | (4.7) | (0.8) | 1.1 | 2.8 | 4.3 | 6.0 | +40.0% | |
| Interest expense | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −13.4% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | +644.0% | |
| Other income / expense | (1.6) | 0.2 | (0.7) | (0.1) | (0.1) | (0.6) | −549.4% | |
| Pre-tax income | (6.3) | (0.6) | 0.4 | 2.7 | 4.2 | 5.4 | +29.4% | |
| Income tax | (1.6) | (0.1) | (0.3) | 0.5 | 1.0 | 1.7 | +70.5% | |
| Net income | (4.7) | (0.5) | 1.5 | 2.2 | 3.2 | 3.7 | +16.6% | |
| Discontinued operations | 0.0 | (0.0) | 0.8 | 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) | (0.28) | (0.03) | 0.04 | 0.13 | 0.19 | 0.22 | +15.8% | |
| EPS, diluted (per share) | (0.28) | (0.03) | 0.04 | 0.13 | 0.18 | 0.22 | +22.2% | |
| EBITDA | (3.9) | 1.5 | 2.6 | 4.5 | 5.6 | 8.0 | +40.8% | |
| Depreciation & amortization | 2.2 | 2.0 | 2.1 | 1.8 | 1.4 | 2.0 | +45.8% | |
| Weighted average shares (shares) | 16,880,000 | 16,888,000 | 16,888,000 | 16,889,000 | 16,891,000 | 16,827,000 | −0.4% | |
| Weighted average diluted shares (shares) | 16,880,000 | 16,888,000 | 16,890,000 | 16,890,000 | 17,362,000 | 17,030,000 | −1.9% | |
| Gross margin | 32.7% | 42.6% | 42.5% | 40.7% | 42.9% | 42.8% | −0.1 pts | |
| Operating margin | −10.5% | −2.1% | 2.8% | 5.6% | 7.6% | 8.8% | +1.1 pts | |
| Net margin | −10.5% | −1.3% | 3.7% | 4.4% | 5.7% | 5.4% | −0.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
