A 
2.08p
0.00%
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
$49,000
FY2016FY2025
Net income
−$5.0m
FY2016FY2025
Free cash flow
−$2.5m
FY2016FY2025
Shareholders' equity
$28.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49,000 | $39,000 | $112,000 | $64,000 | $143,000 | $384,000 | $357,000 | $617,000 | $6.6m | $4.9m |
| Operating income | −$4.5m | −$5.1m | −$960,000 | −$3.7m | −$8.5m | −$3.7m | −$15.1m | −$48.5m | −$1.7m | −$1.2m |
| Net income | −$5.0m | −$5.3m | −$1.1m | −$4.1m | −$8.6m | −$6.1m | −$15.2m | −$48.5m | −$2.3m | −$2.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $43.9m | $41.5m | $42.6m | $45.2m | $44.2m | $53.0m | $59.5m | $70.8m | $117.0m | $124.6m |
| Cash and short-term investments | $3.4m | $1.1m | $3.0m | $5.8m | $4.7m | $449,000 | $694,000 | $1.9m | $6.2m | $19.6m |
| Total liabilities | $15.8m | $13.9m | $10.0m | $11.8m | $11.5m | $11.6m | $12.7m | $11.2m | $9.6m | $18.2m |
| Debt | — | $376,000 | — | — | $450,000 | $223,000 | $379,000 | — | — | $4.9m |
| Shareholders' equity | $28.1m | $27.6m | $32.6m | $33.4m | $32.8m | $41.4m | $46.8m | $59.6m | $107.4m | $106.4m |
| Shares outstanding | 4,215m | 4,212m | 4,211m | 4,038m | 3,771m | 3,771m | 3,771m | 3,643m | 3,644m | 3,224m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$2.1m | −$2.2m | −$2.7m | −$1.9m | $4.9m | −$2.7m | −$2.7m | −$2.5m | $604,000 | −$3.2m |
| Capital spending | −$348,000 | −$259,000 | −$264,000 | −$482,000 | −$904,000 | −$1.4m | −$1.5m | −$2.0m | −$10.6m | −$2.2m |
| Free cash flow | −$2.5m | −$2.4m | −$2.9m | −$2.4m | $4.0m | −$4.0m | −$4.1m | −$4.4m | −$10.0m | −$5.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13,722 | $32,000 | $17,000 | $18,000 | $21,000 | $10,500 | $31,000 | $81,000 |
| Operating income | −$1.2m | −$652,000 | −$1.2m | −$3.9m | −$1.3m | −$648,500 | −$130,000 | −$984,000 |
| Net income | −$2.7m | −$3.5m | −$1.5m | −$3.9m | −$1.4m | −$677,500 | −$163,000 | −$956,000 |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −$1.0m | −$1.0m | — | — | −$1.0m | — | −$1.0m | — |
| Total assets | $43.2m | $43.9m | $41.4m | $41.5m | $41.3m | $41.3m | $42.6m | $44.6m |
| Cash and short-term investments | $2.2m | $3.4m | $952,000 | $1.1m | $1.8m | $1.8m | $3.0m | $5.0m |
| Debt | — | — | — | $376,000 | — | — | — | — |
| Shareholders' equity | $25.6m | $28.1m | $26.2m | $27.6m | $31.5m | $31.5m | $32.6m | $32.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.5% | -33.8% | -17.8% |
| Operating income | 6.7% | 4.0% | 7.9% |
| Net income | 7.1% | -4.1% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -10955.7% | -5418.6% | -3347.8% | -695.3% |
| Net margin | -11686.4% | -5856.8% | -3813.0% | -749.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -11.6 | -7.0 | -23.2 | -8.5 | -2.1 | -2.8 |
| Price to sales | — | — | 231.8 | — | 125.8 | 44.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1-to-1 reverse split · 30 Apr 2002
- 1-to-1 reverse split · 25 Apr 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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