Surface Transforms Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	8.24	7.31	4.05	2.37	1.95	Upgrade
Revenue Growth (YoY)	12.73%	80.77%	70.75%	21.36%	-21.52%	Upgrade
Cost of Revenue	4.14	3.14	1.45	0.82	0.64	Upgrade
Gross Profit	4.11	4.18	2.6	1.55	1.31	Upgrade
Selling, General & Admin	6.05	5.44	3.37	2.43	1.89	Upgrade
Research & Development	15.44	9.68	5.63	3.41	2.47	Upgrade
Other Operating Expenses	-0.52	-0.02	-0.04	-0.02	-	Upgrade
Operating Expenses	20.97	15.1	8.95	5.81	4.36	Upgrade
Operating Income	-16.87	-10.92	-6.36	-4.27	-3.05	Upgrade
Interest Expense	-0.68	-0.18	-0.18	-0.13	-0.11	Upgrade
Interest & Investment Income	0.15	0.01	0.01	-	-	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-	0	Upgrade
EBT Excluding Unusual Items	-17.4	-11.1	-6.53	-4.4	-3.16	Upgrade
Merger & Restructuring Charges	-	-0.39	-	-	-	Upgrade
Asset Writedown	-6.49	-9.24	-	-	-	Upgrade
Other Unusual Items	-	-	-	-0.18	0.24	Upgrade
Pretax Income	-23.89	-20.72	-6.53	-4.58	-2.92	Upgrade
Income Tax Expense	-1.54	-1.16	-1.26	-0.63	-0.61	Upgrade
Net Income	-22.35	-19.56	-5.27	-3.95	-2.3	Upgrade
Net Income to Common	-22.35	-19.56	-5.27	-3.95	-2.3	Upgrade
Shares Outstanding (Basic)	969	247	204	190	149	Upgrade
Shares Outstanding (Diluted)	969	247	204	190	149	Upgrade
Shares Change (YoY)	292.04%	20.90%	7.43%	27.65%	9.54%	Upgrade
EPS (Basic)	-0.02	-0.08	-0.03	-0.02	-0.02	Upgrade
EPS (Diluted)	-0.02	-0.08	-0.03	-0.02	-0.02	Upgrade
Free Cash Flow	-18.29	-15.03	-14.74	-7.68	-1.66	Upgrade
Free Cash Flow Per Share	-0.02	-0.06	-0.07	-0.04	-0.01	Upgrade
Gross Margin	49.81%	57.10%	64.20%	65.34%	67.11%	Upgrade
Operating Margin	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%	Upgrade
Profit Margin	-271.13%	-267.49%	-130.21%	-166.82%	-117.88%	Upgrade
Free Cash Flow Margin	-221.82%	-205.55%	-364.35%	-323.98%	-84.78%	Upgrade
EBITDA	-14.96	-9.92	-5.66	-3.8	-2.71	Upgrade
EBITDA Margin	-181.50%	-135.72%	-139.93%	-160.32%	-138.68%	Upgrade
D&A For EBITDA	1.91	1	0.7	0.47	0.34	Upgrade
EBIT	-16.87	-10.92	-6.36	-4.27	-3.05	Upgrade
EBIT Margin	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%	Upgrade

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.