A 
63.10p
+0.16%
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
$116.8m
FY2016FY2025
Net income
−$3.3m
FY2016FY2025
Free cash flow
−$25.1m
FY2016FY2025
Shareholders' equity
$93.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $116.8m | $180.9m | $26.4m | — | — | — | — | $534,000 | $4.4m | $4.8m |
| Operating income | $29.4m | $74.5m | $2.4m | −$9.0m | −$5.0m | −$2.2m | −$2.6m | −$3.0m | −$9.5m | −$9.0m |
| Net income | −$3.3m | $52.4m | −$2.7m | −$9.2m | −$5.0m | −$2.0m | −$1.7m | −$2.0m | −$9.0m | −$8.5m |
| Diluted earnings per share | -0.01 | 0.20 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $219.7m | $226.6m | $210.6m | $52.9m | $60.0m | $64.9m | $67.2m | $67.8m | $103.7m | $115.4m |
| Cash and short-term investments | $10.2m | $46.9m | $14.7m | $20.4m | $37.7m | $42.7m | $44.9m | $46.3m | $81.4m | $88.1m |
| Total liabilities | $125.8m | $128.0m | $162.7m | $3.1m | $1.1m | $1.0m | $1.4m | $474,000 | $34.4m | $37.0m |
| Debt | $32.0m | $42.2m | $31.9m | $337,000 | $581,000 | $786,000 | $943,000 | — | — | — |
| Shareholders' equity | $93.9m | $98.6m | $48.0m | $49.8m | $58.9m | $63.9m | $65.8m | $67.3m | $69.3m | $78.4m |
| Shares outstanding | 226m | 259m | 220m | 220,256m | 219,926m | 218,055m | 216,773m | 217,907m | 220,006m | 219,946m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $25.0m | $85.6m | $12.3m | −$6.7m | −$4.5m | −$2.1m | −$2.3m | −$34.7m | −$4.2m | −$9.9m |
| Capital spending | −$50.1m | −$20.6m | −$3.4m | −$162,000 | −$207,000 | −$102,000 | −$26,000 | −$1.4m | −$3.7m | −$1.2m |
| Free cash flow | −$25.1m | $65.0m | $9.0m | −$6.9m | −$4.7m | −$2.3m | −$2.3m | −$36.1m | −$7.8m | −$11.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $89.2m | $62.7m | $80.2m | $81.5m | $115.6m | $21.1m | — | — |
| Operating income | $28.8m | $13.6m | $22.8m | $31.2m | $53.5m | $4.6m | −$1,717 | −$1,717 |
| Net income | −$1.5m | −$8.9m | $8.8m | $23.4m | $38.8m | $932,156 | −$1,937 | −$1,937 |
| Diluted earnings per share | -0.01 | -0.04 | 0.04 | 0.09 | 0.15 | 0.00 | -0.00 | -0.00 |
| Cash from operations | $29.0m | $30.0m | −$4.0m | $42.0m | $42.0m | $18.0m | −$5.0m | −$2.0m |
| Capital spending | −$14.0m | −$34.0m | −$10.0m | −$10.0m | −$10.0m | −$2.0m | — | — |
| Free cash flow | $15.0m | −$4.0m | −$14.0m | $32.0m | $32.0m | $16.0m | — | — |
| Total assets | $323.0m | $219.7m | $225.9m | $226.6m | $345.1m | $210.6m | $97.1m | $97.1m |
| Cash and short-term investments | $98.0m | $10.2m | $14.1m | $46.9m | $13.8m | $14.7m | $7.7m | $7.7m |
| Debt | $8.2m | $31.3m | $36.5m | $41.5m | $60.2m | $31.9m | $22.1m | $11.5m |
| Shareholders' equity | $133.8m | $93.9m | $104.8m | $98.6m | $70.1m | $48.0m | $45.9m | $45.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 37.0% |
| Net income | -29.3% | 10.6% | -14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 34.9% | — | — | — |
| Net margin | 16.5% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -38.9 | 3.1 | -40.7 | -8555.4 | -8596.5 | -14235.0 |
| Price to sales | 1.1 | 0.9 | 4.2 | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 23 Dec 2009
- 1.608-for-1 split · 20 Jun 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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