£25.00 ($0.33)

-1.50 (-5.66%)

Weekly Expected Move ±10.9%

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LSE · Communication Services · Advertising Agencies · Tech Score Buy · Power 72 · £23.6M mcap · 76M float · 0.183% daily turnover

Analysis Technicals Weather Peers

Revenue

$162M +1.8% ▲

5Y CAGR: +5.8%

Gross Profit

$68M -10.4% ▼

5Y CAGR: +2.4%

Operating Income

$5M +9.5% ▲

5Y CAGR: +28.8%

Net Income

-$19M -1931.1% ▼

EPS (Diluted)

$-0.21 -1926.1% ▼

EBITDA

$5M -42.3% ▼

5Y CAGR: +8.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$153M	$183M	$195M	$159M	$162M
YoY Growth	+25.7%	+19.2%	+7.0%	-18.8%	+1.8%
Cost of Revenue	$82M	$104M	$87M	$83M	$94M
Gross Profit	$72M	$79M	$74M	$76M	$68M
Gross Margin	46.7%	43.2%	38.0%	47.8%	42.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$64M	$71M	$81M	$0	$63M
Operating Expenses	$64M	$71M	$83M	$71M	$63M
Operating Income	$7M	$5M	-$8M	$5M	$5M
Operating Margin	4.7%	2.5%	-4.3%	3.0%	3.3%
Interest Expense	$701K	$1M	$0	$3M	$2M
Income Before Tax	$7M	$4M	-$11M	$2M	-$16M
Tax Expense	$1M	$1M	$225K	$1M	$428K
Net Income	$5M	$9K	-$12M	$1M	-$19M
Net Margin	3.5%	0.0%	-6.2%	0.7%	-11.9%
EPS (Diluted)	$0.06	$0.00	$-0.13	$0.01	$-0.21
EBITDA	$11M	$8M	-$3M	$9M	$5M
Shares Outstanding	92M	91M	90M	91M	91M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$101M	$93M	$103M	$94M	$64M	$83M	$79M	$88M
Cost of Revenue	$57M	$51M	$59M	$53M	$31M	$50M	$44M	$55M
Gross Profit	$44M	$42M	$44M	$42M	$33M	$34M	$35M	$33M
Gross Margin	43.4%	44.7%	42.5%	44.3%	51.5%	40.6%	43.9%	37.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$36M	$40M	$42M	$40M	$28M	$32M	$32M	$30M
Operating Expenses	$36M	$40M	$42M	$40M	$31M	$32M	$32M	$30M
Operating Income	$8M	$2M	$2M	$2M	$5M	$2M	$3M	$3M
Operating Margin	8.1%	1.8%	2.0%	2.4%	7.7%	2.3%	3.7%	2.8%
Interest Expense	$614K	$1M	$1M	$1M	$1M	$1M	$1M	$937K
Income Before Tax	-$856K	-$6K	-$12M	-$27K	$2M	-$4M	-$15M	-$26K
Tax Expense	$349K	$35K	-$197K	$86K	$922K	-$286K	$696K	$30K
Net Income	-$1M	$3K	-$12M	-$88K	$1M	-$4M	-$16M	-$134K
Net Margin	-1.2%	0.0%	-11.7%	-0.1%	1.8%	-4.5%	-19.7%	-0.2%
EPS (Diluted)	$-0.01	$0.00	$-0.13	$-0.00	$0.01	$-0.04	$-0.17	$-0.00
EBITDA	$3M	$3M	-$9M	$4M	$6M	-$964K	$10M	$4M
Shares Outstanding	90M	90M	90M	90M	92M	91M	91M	91M

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