£1,559.00 ($20.65)

-11.00 (-0.70%)

Weekly Expected Move ±7.7%

£1321 £1440 £1560 £1680 £1799

LSE · Industrials · Conglomerates · Tech Score Neutral · Power 49 · £256.4M mcap · 8M float · 0.253% daily turnover

Revenue

$118M +7.2% ▲

5Y CAGR: +14.0%

Gross Profit

$40M +18.1% ▲

5Y CAGR: +25.4%

Operating Income

$19M +26.9% ▲

Net Income

$15M +26.4% ▲

EPS (Diluted)

$0.87 +27.9% ▲

EBITDA

$23M +25.8% ▲

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$62M	$75M	$84M	$110M	$118M
YoY Growth	+0.6%	+21.1%	+12.7%	+30.5%	+7.2%
Cost of Revenue	$44M	$54M	$61M	$76M	$78M
Gross Profit	$17M	$20M	$23M	$34M	$40M
Gross Margin	28.1%	27.4%	27.9%	30.9%	34.0%
R&D Expenses	$1M	$1M	$2M	$1M	$0
SG&A Expenses	$16M	$15M	$18M	$21M	$21M
Operating Expenses	$17M	$17M	$18M	$19M	$21M
Operating Income	$590K	$3M	$6M	$15M	$19M
Operating Margin	1.0%	4.2%	6.8%	13.5%	15.9%
Interest Expense	$232K	$221K	$270K	$104K	$26K
Income Before Tax	$2M	$6M	$5M	$16M	$20M
Tax Expense	$415K	$1M	$963K	$4M	$6M
Net Income	$1M	$5M	$4M	$12M	$15M
Net Margin	1.9%	6.6%	4.9%	10.5%	12.4%
EPS (Diluted)	$0.07	$0.30	$0.24	$0.68	$0.87
EBITDA	$4M	$8M	$8M	$18M	$23M
Shares Outstanding	17M	17M	17M	17M	17M

Line Item	FY2021 Q2	FY2021 Q4	FY2022 Q2	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4
Revenue	$33M	$41M	$42M	$42M	$57M	$53M	$55M	$63M
Cost of Revenue	$25M	$29M	$30M	$30M	$39M	$37M	$36M	$41M
Gross Profit	$9M	$12M	$12M	$11M	$18M	$16M	$19M	$21M
Gross Margin	25.7%	28.8%	28.4%	27.4%	31.7%	30.0%	33.9%	34.1%
R&D Expenses	$0	$1M	$0	$2M	$0	$1M	$0	$0
SG&A Expenses	$8M	$8M	$8M	$10M	$10M	$11M	$11M	$10M
Operating Expenses	$8M	$8M	$8M	$10M	$10M	$9M	$11M	$10M
Operating Income	$876K	$4M	$4M	$2M	$8M	$7M	$8M	$12M
Operating Margin	2.6%	10.0%	8.5%	4.0%	14.6%	13.6%	14.7%	18.4%
Interest Expense	$40K	$55K	$70K	$64K	$0	$104K	$0	$26K
Income Before Tax	$773K	$5M	$3M	$2M	$8M	$8M	$9M	$11M
Tax Expense	$236K	$799K	$689K	$274K	$2M	$2M	$2M	$3M
Net Income	$537K	$4M	$3M	$1M	$6M	$6M	$6M	$8M
Net Margin	1.6%	10.6%	6.6%	3.2%	10.2%	10.8%	11.8%	12.9%
EPS (Diluted)	$0.03	$0.26	$0.17	$0.07	$0.34	$0.33	$0.38	$0.48
EBITDA	$2M	$6M	$5M	$3M	$9M	$9M	$8M	$13M
Shares Outstanding	16M	17M	17M	18M	17M	17M	17M	17M

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