A 
1.45p
+3.57%
Close of 9 Nov 2026, in pence
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in GBP, from our data supplier.
Net income
−£12.4m
FY2016FY2025
Free cash flow
−£2.6m
FY2016FY2025
Shareholders' equity
£45.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −£79,000 | −£119,000 | −£74,000 | −£93,000 | −£44,000 | −£20,000 | −£20,000 | −£1,000 | −£1,000 | −£1,000 |
| Operating income | −£2.6m | £2.7m | −£1.5m | −£580,000 | −£3.0m | −£1.9m | −£1.1m | −£1.4m | −£1.2m | −£1.1m |
| Net income | −£12.4m | £2.7m | −£218,000 | £4.0m | £3.9m | £4.8m | £6.9m | £2.2m | £424,000 | £11.6m |
| Diluted earnings per share | -0.01 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £46.5m | £45.6m | £21.9m | £27.9m | £30.6m | £32.0m | £29.5m | £24,137 | £23,914 | £22,650 |
| Cash and short-term investments | £5.4m | £913,000 | £4.1m | £9.4m | £16.4m | £3.0m | £453,000 | £973 | £991 | £1,306 |
| Total liabilities | £1.1m | £2.2m | £419,000 | £814,000 | £2.1m | £5.3m | £4.2m | £4,173 | £4,189 | £4,731 |
| Debt | £629,000 | £1.5m | — | — | — | — | — | £35,000 | £218,000 | — |
| Shareholders' equity | £45.2m | £43.3m | £21.4m | £27.1m | £28.5m | £26.7m | £25.3m | £19,964 | £19,725 | £17,919 |
| Shares outstanding | 2,037m | 1,840m | 1,146m | 1,146m | 1,097m | 1,076m | 1,060m | 1,056m | 1,009m | 811m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.6m | −£3.1m | −£3.1m | −£2.7m | −£6.1m | £2.5m | £1,000 | −£1,097 | −£2,730 | −£1,357 |
| Capital spending | −£52,000 | −£1.1m | −£990,000 | −£532,000 | −£241,000 | −£265,000 | −£528,000 | −£36 | −£20 | −£19 |
| Free cash flow | −£2.6m | −£4.2m | −£4.1m | −£3.2m | −£6.3m | £2.2m | −£527,000 | −£1,133 | −£2,750 | −£1,376 |
| Dividends paid | — | — | −£8,000 | −£4.0m | −£3.7m | −£4.0m | −£4.0m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −£14,000 | −£21,000 | −£58,000 | −£65,000 | −£54,000 | −£39,000 | −£35,000 | −£47,000 |
| Operating income | −£1.7m | −£1.5m | −£1.1m | −£1.5m | −£1.2m | −£1.3m | −£790,000 | −£1.3m |
| Net income | £6.2m | −£12.5m | £114,000 | £2.0m | £661 | −£337,000 | £119,000 | £1.6m |
| Diluted earnings per share | 0.00 | -0.01 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Cash from operations | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | — | −£2.0m | −£1.0m |
| Total assets | £53.5m | £46.5m | £44.7m | £45.6m | £36.1m | £21.9m | £22.9m | £27.9m |
| Cash and short-term investments | £17.3m | £5.4m | £424,000 | £913,000 | £1.2m | £4.1m | £6.2m | £9.4m |
| Debt | — | £629,000 | £1.5m | £1.5m | — | — | — | — |
| Shareholders' equity | £52.9m | £45.2m | £42.2m | £43.3m | £35.3m | £21.4m | £22.6m | £27.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 65.6% | 6.8% | 12.6% |
| Net income | — | — | 23.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | 12.6 | -118.3 | 9.0 | 11.9 | 11.6 | 3.8 | 7.4 | 33.9 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Aug 2022.
| FY2022 | FY2021 | |
|---|---|---|
| Paid in the year | 0.002 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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