2024 revenue and gross profit were in line with expectations while Adjusted EBITDA loss at £1.5m and Adjusted PBT loss at £2.9m were £0.2m and £0.6m above our forecast, respectively, due to slightly higher expenses and financing fees. Net debt at £4.2m was £0.3m higher than we expected. However, Q1 revenue growth is on track with our 2025 estimates and represents an acceleration from 2024 growth. In addition, the company has signed three new contracts that give it confidence and 74% visibility i ....
