| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.4 | 0.5 | 0.2 | 0.3 | 0.2 | 0.2 | +50.3% | |
| Cost of revenue | 0.4 | 0.2 | 0.1 | 0.2 | 0.0 | 0.2 | +890.9% | |
| Gross profit | (0.0) | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | −82.7% | |
| Research & development | 0.1 | 0.3 | 0.3 | 0.1 | 0.3 | 0.0 | −100.0% | |
| Selling, general & administrative | 2.2 | 2.2 | 2.9 | 2.0 | 1.8 | 1.2 | −30.9% | |
| Selling & marketing | 0.1 | 0.3 | 0.4 | 0.3 | 0.2 | 0.1 | −42.9% | |
| Operating expenses | 7.6 | 7.1 | 7.4 | 4.8 | 4.8 | 3.6 | −24.8% | |
| Operating income | (7.6) | (6.8) | (7.4) | (4.7) | (4.7) | (3.6) | +23.1% | |
| Interest expense | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | −16.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | −5.1% | |
| Other income / expense | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | +13.0% | |
| Pre-tax income | (7.6) | (6.9) | (7.4) | (4.8) | (4.7) | (3.6) | +23.2% | |
| Income tax | (0.7) | (0.5) | (0.5) | (0.5) | (0.2) | (0.2) | +8.2% | |
| Net income | (6.9) | (6.4) | (6.9) | (4.3) | (4.5) | (3.4) | +23.9% | |
| 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) | (0.42) | (0.27) | (0.14) | (0.03) | (0.01) | (0.62) | −5640.7% | |
| EPS, diluted (per share) | (0.42) | (0.27) | (0.14) | (0.03) | (0.01) | (0.62) | −5640.7% | |
| EBITDA | (7.4) | (6.7) | (7.3) | (4.6) | (4.5) | (3.5) | +23.0% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | +4.6% | |
| Weighted average shares (shares) | 16,377,355 | 24,274,776 | 48,526,649 | 150,982,728 | 414,109,299 | 5,508,000 | −98.7% | |
| Weighted average diluted shares (shares) | 16,377,355 | 24,274,776 | 48,526,649 | 150,982,728 | 414,109,299 | 5,508,000 | −98.7% | |
| Gross margin | −12.7% | 59.3% | 51.2% | 31.6% | 86.3% | 9.9% | −76.4 pts | |
| Operating margin | −1,983.1% | −1,432.7% | −4,484.1% | −1,593.9% | −2,913.7% | −1,491.3% | +1422.3 pts | |
| Net margin | −1,801.0% | −1,358.2% | −4,227.4% | −1,432.7% | −2,785.7% | −1,411.2% | +1374.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
