A 
8.75p
-2.78%
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.
Revenue
£11.0m
FY2016FY2026
Net income
−£2.1m
FY2016FY2026
Free cash flow
−£1.8m
FY2016FY2026
Shareholders' equity
£6.1m
FY2016FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £11.0m | £8.4m | £6.1m | £4.0m | £2.8m | £11.6m | £5.2m | £2.3m | £2.3m | £1.4m |
| Gross profit | £5.2m | £3.1m | £3.7m | £1.4m | −£5.2m | £3.4m | £4.1m | £1.6m | £1.3m | £1.1m |
| Research and development | — | — | — | — | £182,000 | £503,000 | £854,000 | £210,731 | £285,043 | — |
| Operating income | −£2.9m | −£4.0m | −£1.4m | −£3.8m | −£12.1m | −£5.5m | £217,000 | −£1.4m | −£4.7m | −£2.4m |
| Net income | −£2.1m | −£3.4m | −£1.3m | −£3.5m | −£21.3m | −£7.0m | −£3.4m | −£1.3m | £3.5m | −£3.2m |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.01 | -0.07 | -0.06 | -0.04 | -0.00 | 0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £10.8m | £9.3m | £5.1m | £6.1m | £12.8m | £33.2m | £11.0m | £7.3m | £6.9m | £8.6m |
| Cash and short-term investments | £2.9m | £1.9m | £1.4m | £3.2m | £2.4m | £5.0m | £4.4m | £866,152 | £476,909 | £2.0m |
| Total liabilities | £4.7m | £4.0m | £2.8m | £3.1m | £6.3m | £11.9m | £8.2m | £1.2m | £1.1m | £8.7m |
| Debt | £1.3m | £1.0m | £1.0m | £1.0m | £1.3m | £1.5m | £4.8m | £503,620 | £570,429 | £7.6m |
| Shareholders' equity | £6.1m | £5.3m | £2.2m | £3.0m | £6.4m | £21.3m | £2.7m | £6.1m | £5.8m | −£115,660 |
| Shares outstanding | 414m | 395m | 355m | 307m | 304m | 122m | 96m | 414m | 414m | 414m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.6m | −£3.2m | −£1.7m | £1.0m | −£7.7m | −£12.9m | £2.1m | −£908,254 | −£2.6m | −£1.7m |
| Capital spending | −£190,000 | −£327,000 | −£41,000 | −£157,000 | −£760,000 | −£7.3m | −£1.6m | −£96,217 | −£358,685 | −£668,900 |
| Free cash flow | −£1.8m | −£3.5m | −£1.7m | £845,000 | −£8.5m | −£20.1m | £445,000 | −£1.0m | −£2.9m | −£2.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £6.8m | £4.2m | £5.3m | £3.1m | £3.7m | £2.4m | £2.9m | £1.5m |
| Gross profit | £4.1m | £1.1m | £2.2m | £917,000 | £2.3m | £1.3m | £1.4m | £893,500 |
| Operating income | −£7,000 | −£2.9m | −£1.5m | −£2.4m | −£120,000 | −£1.3m | −£1.2m | −£531,000 |
| Net income | £221,000 | −£2.3m | −£894,000 | −£2.5m | −£66,000 | −£1.2m | −£1.0m | −£515,000 |
| Diluted earnings per share | 0.00 | -0.01 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | −£1.0m | — | −£2.0m | — | −£1.0m | — | — |
| Total assets | £10.8m | £10.6m | £9.3m | £9.8m | £5.1m | £4.8m | £6.1m | £6.1m |
| Cash and short-term investments | £2.9m | £3.7m | £1.9m | £3.7m | £1.4m | £2.0m | £3.2m | £3.2m |
| Debt | £385,000 | £911,000 | £913,000 | £864,000 | £842,000 | £818,000 | £795,000 | — |
| Shareholders' equity | £6.1m | £6.3m | £5.3m | £6.4m | £2.2m | £1.8m | £3.0m | £3.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 39.6% | -1.1% | — |
| Operating income | -9.4% | -12.3% | — |
| Net income | -15.0% | -21.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.8% | 45.2% | 26.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -17.5 | -7.4 | -21.6 | -9.7 | -0.9 | -5.8 | -26.9 |
| Price to sales | 3.4 | 3.0 | 4.5 | 8.3 | 7.0 | 3.5 | 17.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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