- Price
- 4.60p
- Market cap
- £4m
- 1M
- -13.1%
- 3M
- -23.8%
- 1Y
- -0.5%
- P/E (trailing)
- —
- Dividend yield
- —
“Revenue for the financial year ending 31 August 2026 is expected to be approximately £5.2 million (FY25: £4.1 million) with an anticipated adjusted EBITDA loss of £1.6 million (FY25: £1.1 million). This performance reflects strong growth on the prior as the new sales team has integrated and delivered, with monthly invoicing rising from approximately £180k per month to approximately £600k, representing a clear upward trajectory. Notwithstanding this progress, some further contract delays related to the uncertainty surrounding the UK’s overall defence strategy and capital allocation have meant that performance is expected to be marginally below current market expectations.”
adjusted EBITDA
“Revenue for the financial year ending 31 August 2026 is expected to be approximately £5.2 million (FY25: £4.1 million) with anticipated operating loss of £1.6 million (FY25: £1.1 million). This performance reflects strong growth on the prior as the new sales team has integrated and delivered, with monthly invoicing rising from approximately £180k per month to approximately £600k, representing a clear upward trajectory. Notwithstanding this progress, some further contract delays related to the uncertainty surrounding the UK’s overall defence strategy and capital allocation have meant that performance is expected to be marginally below current market expectations.”
operating profit
“Combined with a strengthening pipeline, the Board remains confident in the Company's ability to meet market expectations for 2026 and our ability to deliver sustainable shareholder value.”
Last 24 months of trading updates, one verdict per announcement (the headline profit measure first). Companies report these themselves and lean positive, so compare against peers: the same tag-based peer group as the Overview, counting peers with at least 2 updates and needing at least 3. Verdicts are machine-extracted; where the quoted wording clearly says otherwise, the wording is used.
“Revenue for the financial year ending 31 August 2026 is expected to be approximately £5.2 million (FY25: £4.1 million) with an anticipated adjusted EBITDA loss of £1.6 million (FY25: £1.1 million). This performance reflects strong growth on the prior as the new sales team has integrated and delivered, with monthly invoicing rising from approximately £180k per month to approximately £600k, representing a clear upward trajectory. Notwithstanding this progress, some further contract delays related to the uncertainty surrounding the UK’s overall defence strategy and capital allocation have meant that performance is expected to be marginally below current market expectations.”
adjusted EBITDA
“Revenue for the financial year ending 31 August 2026 is expected to be approximately £5.2 million (FY25: £4.1 million) with anticipated operating loss of £1.6 million (FY25: £1.1 million). This performance reflects strong growth on the prior as the new sales team has integrated and delivered, with monthly invoicing rising from approximately £180k per month to approximately £600k, representing a clear upward trajectory. Notwithstanding this progress, some further contract delays related to the uncertainty surrounding the UK’s overall defence strategy and capital allocation have meant that performance is expected to be marginally below current market expectations.”
operating profit
“Combined with a strengthening pipeline, the Board remains confident in the Company's ability to meet market expectations for 2026 and our ability to deliver sustainable shareholder value.”
Last 24 months of trading updates, one verdict per announcement (the headline profit measure first). Companies report these themselves and lean positive, so compare against peers: the same tag-based peer group as the Overview, counting peers with at least 2 updates and needing at least 3. Verdicts are machine-extracted; where the quoted wording clearly says otherwise, the wording is used.
pre tax profit
“As a result, the Board now expects the Company's FY25 performance will be significantly below market expectations, with FY25 revenue expected to be not less than £4.0 million.”
revenue
“The current pipeline underpins the Board's confidence in meeting current market expectations for FY2025.”
revenue
“The Board remains confident that the Company is on track to meet market expectations for the full year.”
statutory revenue
pre tax profit
“As a result, the Board now expects the Company's FY25 performance will be significantly below market expectations, with FY25 revenue expected to be not less than £4.0 million.”
revenue
“The current pipeline underpins the Board's confidence in meeting current market expectations for FY2025.”
revenue
“The Board remains confident that the Company is on track to meet market expectations for the full year.”
statutory revenue