| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48.0 | 59.3 | 72.8 | 70.6 | 61.4 | 60.1 | −2.2% | |
| Cost of revenue | 35.0 | 39.1 | 44.1 | 43.7 | 39.2 | 37.1 | −5.3% | |
| Gross profit | 13.0 | 20.2 | 28.6 | 26.9 | 22.2 | 23.0 | +3.3% | |
| Research & development | 4.5 | 5.7 | 6.7 | 5.6 | 5.3 | 4.7 | −11.0% | |
| Selling, general & administrative | 14.0 | 16.4 | 20.7 | 21.8 | 16.3 | 17.9 | +9.7% | |
| Selling & marketing | 6.0 | 6.3 | 6.7 | 20.1 | 16.3 | 0.0 | −100.0% | |
| Operating expenses | 17.6 | 21.8 | 26.9 | 28.8 | 33.3 | 23.8 | −28.5% | |
| Operating income | (4.3) | 1.2 | 1.2 | (1.9) | (11.1) | (0.8) | +92.4% | |
| Interest expense | 0.1 | 0.2 | 0.5 | 0.6 | 0.5 | 0.5 | −6.9% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −50.0% | |
| Other income / expense | (0.0) | (0.2) | (0.4) | (0.5) | (0.4) | (3.0) | −721.9% | |
| Pre-tax income | (4.3) | 1.0 | 0.8 | (2.4) | (11.4) | (3.8) | +66.7% | |
| Income tax | 0.1 | 0.3 | (1.0) | (0.2) | (0.7) | (0.8) | −7.9% | |
| Net income | (11.7) | 16.2 | 1.6 | (2.2) | (10.7) | (3.4) | +68.3% | |
| Discontinued operations | (10.3) | 13.5 | (0.2) | 0.0 | 0.0 | (0.4) | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.15) | (0.02) | 0.02 | (0.03) | (0.14) | (0.04) | +69.4% | |
| EPS, diluted (per share) | (0.15) | (0.02) | 0.02 | (0.03) | (0.14) | (0.04) | +69.4% | |
| EBITDA | 0.3 | 5.9 | 6.0 | 3.4 | (4.4) | 0.9 | +120.3% | |
| Depreciation & amortization | 4.7 | 4.7 | 4.8 | 5.5 | 6.5 | 3.7 | −43.2% | |
| Weighted average shares (shares) | 77,103,593 | 77,528,064 | 77,549,264 | 78,248,862 | 79,064,740 | 79,013,557 | −0.1% | |
| Weighted average diluted shares (shares) | 77,103,593 | 77,528,064 | 81,634,360 | 78,248,862 | 79,064,740 | 79,013,557 | −0.1% | |
| Gross margin | 27.1% | 34.1% | 39.4% | 38.1% | 36.2% | 38.2% | +2.0 pts | |
| Operating margin | −8.9% | 2.1% | 1.7% | −2.8% | −18.0% | −1.4% | +16.6 pts | |
| Net margin | −24.4% | 27.4% | 2.2% | −3.1% | −17.4% | −5.6% | +11.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
