A 
314.00p
+0.80%
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 USD, from our data supplier.
Revenue
$158.4m
FY2016FY2025
Net income
$11.2m
FY2016FY2025
Free cash flow
$29.1m
FY2016FY2025
Shareholders' equity
$196.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $158.4m | $152.3m | $149.5m | $139.7m | $124.8m | $56.1m | $117.2m | $118.7m | $133.4m | $102.5m |
| Research and development | $43.5m | $44.5m | $47.3m | $49.6m | $43.2m | $31.8m | — | $8.3m | $7.6m | $7.6m |
| Operating income | $14.8m | $13.2m | $9.9m | $12.8m | $13.5m | −$30.4m | −$56.4m | $6.3m | $9.2m | $10.5m |
| Net income | $11.2m | $9.1m | $7.7m | $10.1m | $22.0m | −$29.9m | −$50.6m | $3.3m | $9.9m | $7.5m |
| Diluted earnings per share | 0.30 | 0.22 | 0.19 | 0.23 | 0.53 | -0.72 | -1.81 | 7.97 | 23.99 | 0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $255.7m | $263.4m | $274.0m | $228.1m | $229.9m | $224.4m | $211.1m | $257.5m | $259.6m | $108.4m |
| Cash and short-term investments | $41.4m | $42.8m | $51.8m | $64.7m | $64.0m | $56.4m | $16.2m | $20.7m | $28.7m | $5.9m |
| Total liabilities | $59.5m | $66.5m | $80.5m | $42.7m | $46.7m | $66.8m | $77.9m | $76.0m | $85.6m | $30.6m |
| Debt | $12.0m | $15.5m | $22.3m | $1.2m | $3.7m | $31.7m | $22.1m | $20.2m | $16.1m | $9.4m |
| Shareholders' equity | $196.2m | $196.8m | $193.5m | $185.4m | $183.2m | $157.6m | $133.2m | $181.5m | $174.0m | $77.8m |
| Shares outstanding | 37m | 41m | 40m | 43m | 41m | 41m | 28m | 0m | 0m | 23m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $29.7m | $12.1m | $25.7m | $14.5m | $39.1m | −$14.5m | $26.2m | $17.4m | $32.9m | $17.8m |
| Capital spending | −$597,273 | −$3.1m | −$3.5m | −$4.0m | −$1.7m | −$3.4m | −$23.0m | −$23.1m | −$13.3m | −$13.6m |
| Free cash flow | $29.1m | $9.0m | $22.2m | $10.4m | $37.4m | −$17.9m | $3.2m | −$5.7m | $19.5m | $4.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.4m | $87.6m | $67.9m | $33.9m | $41.5m | $41.5m | $34.6m | $34.6m |
| Operating income | $2.3m | $13.2m | $1.4m | $680,500 | $6.0m | $6.0m | $604,000 | $604,000 |
| Net income | $358,779 | $9.7m | $1.4m | $682,500 | $4.4m | $4.4m | $107,500 | $107,500 |
| Diluted earnings per share | 0.01 | 0.26 | 0.04 | 0.02 | 0.11 | 0.11 | 0.00 | 0.00 |
| Cash from operations | $4.0m | $22.0m | $6.0m | $3.0m | $9.0m | $9.0m | −$3.0m | −$3.0m |
| Total assets | — | $255.7m | $258.5m | $258.5m | $263.4m | $263.4m | $257.9m | $257.9m |
| Cash and short-term investments | — | $41.4m | $35.6m | $35.6m | $42.8m | $42.8m | $37.2m | $37.2m |
| Debt | — | $11.3m | $10.7m | $547,000 | $14.6m | $529,000 | $19.7m | $759,000 |
| Shareholders' equity | — | $196.2m | $199.6m | $199.6m | $196.8m | $196.8m | $193.7m | $193.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.3% | 23.1% | 5.4% |
| Operating income | 5.1% | — | 6.8% |
| Net income | 3.7% | — | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.0% | 8.4% | 4.3% | 0.8% |
| Net margin | 6.5% | 6.3% | 3.9% | 0.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 14.7 | 32.6 | 41.0 | 47.7 | 20.8 | -8.9 |
| Price to sales | 1.0 | 1.9 | 2.1 | 3.4 | 3.7 | 4.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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