| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.3 | 0.6 | 0.7 | 0.4 | 0.0 | 0.0 | — | |
| Cost of revenue | 6.1 | 4.7 | 5.1 | 4.1 | 5.4 | 0.2 | −96.6% | |
| Gross profit | (5.7) | (4.1) | (4.4) | (3.7) | (5.4) | (0.2) | +96.6% | |
| Research & development | 16.1 | 4.7 | 5.1 | 4.1 | 5.4 | 3.7 | −31.4% | |
| Selling, general & administrative | 5.0 | 2.9 | 4.5 | 4.3 | 3.8 | 4.8 | +27.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 17.3 | 2.9 | 4.5 | 4.3 | 3.8 | 8.1 | +114.9% | |
| Operating income | (23.0) | (7.0) | (8.9) | (8.0) | (9.2) | (8.3) | +10.1% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | +219.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | +4252.5% | |
| Other income / expense | (0.4) | 0.9 | 0.4 | 0.5 | 3.2 | 1.9 | −40.3% | |
| Pre-tax income | (23.5) | (6.1) | (8.5) | (7.5) | (6.0) | (6.3) | −6.2% | |
| Income tax | (1.3) | (0.6) | (0.8) | (0.4) | (0.3) | (0.1) | +58.9% | |
| Net income | (22.2) | (5.5) | (7.7) | (7.1) | (5.7) | (6.2) | −9.0% | |
| 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) | (33,209,775.00) | (4,661,590.00) | (4,770,680.00) | (69,640.00) | (3,705.65) | (400.00) | +89.2% | |
| EPS, diluted (per share) | (33,209,775.00) | (4,661,590.00) | (4,770,680.00) | (69,640.00) | (3,705.65) | (400.00) | +89.2% | |
| EBITDA | (22.2) | (5.7) | (8.3) | (7.2) | (9.1) | (8.1) | +11.0% | |
| Depreciation & amortization | 1.2 | 0.4 | 0.2 | 0.3 | 0.1 | 0.2 | +58.0% | |
| Weighted average shares (shares) | 0 | 1 | 1 | 126 | 1,981 | 21,944 | +1007.7% | |
| Weighted average diluted shares (shares) | 0 | 1 | 1 | 126 | 1,981 | 21,944 | +1007.7% | |
| Gross margin | −1,669.1% | −705.2% | −631.2% | −967.5% | — | — | — | |
| Operating margin | −6,717.2% | −1,210.7% | −1,277.8% | −2,103.4% | — | — | — | |
| Net margin | −6,469.1% | −944.6% | −1,095.3% | −1,858.0% | — | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
