Target
Target
Market
Growth
5-Year Revenue Projection
Aggressive growth trajectory supported by secured programme engagement
Revenue Growth Trajectory
Year 1
Year 2
+380%
Year 3
+300%
Year 4
+225%
Year 5
+132%
Revenue Summary
| Year | Revenue | Growth |
|---|---|---|
| Year 1 | £2.5M | - |
| Year 2 | £12M | 380% |
| Year 3 | £48M | 300% |
| Year 4 | £156M | 225% |
| Year 5 | £362M | 132% |
5-year CAGR: ~170%
Revenue Model
Diversified revenue streams across materials sales, licensing, and contracts
Product Sales
Direct sales of advanced materials to defence primes and OEMs for integration into platforms.
Primary Revenue Driver
Licensing Fees
Technology licensing to regional manufacturers and partners for localised production.
High Margin Stream
Development Contracts
Funded R&D and customisation contracts for specific programme requirements.
Near-Term Revenue
Recurring Supply
Long-term supply agreements for programme production phases and aftermarket support.
Predictable Revenue
Key Assumptions
Critical milestones and market factors underlying projections
Partnership Assumptions
-
Y1LOI Conversion
Convert KAAN and Altay LOIs to development contracts -
Y2Tier 1 Prime Partnerships
Establish supply agreements with UK/European defence primes -
Y3Programme Integration
Achieve qualified supplier status on 2+ major programmes
Operational Assumptions
-
Production Capacity Scaling
Telford facility expansion to meet demand growth -
Certifications Achieved
ISO 9001 (Y1), AS9100 (Y2) for prime qualification -
Market Penetration
0.4% TAM capture by Year 5 ($97B+ market)
Margin Profile
High-margin advanced materials business model
Gross Margin Target
Proprietary materials technology enables premium pricing and strong gross margins.
Licensing Margins
Technology licensing provides high-margin revenue with minimal incremental cost.
EBITDA Target (Y5)
Scale benefits and operational leverage drive improving profitability.
Detailed Financial Model
The complete 5-year financial model with detailed assumptions, sensitivity analysis, unit economics, and scenario planning is available in the secure investor data room.
Monthly cash flow projections
Product-level revenue breakdown
Sensitivity analysis (bull/base/bear)
Capital requirements and use of funds