A 
283.00p
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 GBP, from our data supplier.
Revenue
£228.9m
FY2016FY2025
Net income
£10.0m
FY2016FY2025
Free cash flow
£21.4m
FY2016FY2025
Shareholders' equity
£258.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £228.9m | £177.5m | £126.2m | £124.3m | £108.6m | £86.8m | £102.4m | £102.6m | £96.9m | £83.2m |
| Gross profit | £108.8m | £82.8m | £70.1m | £68.6m | £56.1m | £42.7m | £57.8m | £63.4m | £58.4m | £48.0m |
| Research and development | £5.1m | £5.2m | £5.6m | £4.3m | £3.8m | £3.7m | £3.2m | £3.4m | £2.4m | £2.8m |
| Operating income | £22.0m | £12.7m | £18.9m | £24.9m | £23.0m | £10.7m | £27.7m | £28.9m | £25.2m | £19.5m |
| Net income | £10.0m | £7.1m | £15.9m | £20.4m | £17.5m | £8.6m | £18.9m | £22.6m | £20.1m | £15.7m |
| Diluted earnings per share | 0.04 | 0.03 | 0.07 | 0.09 | 0.08 | 0.04 | 0.09 | 0.10 | 0.09 | 0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £394.8m | £389.0m | £289.2m | £281.1m | £249.5m | £238.6m | £227.0m | £205.2m | £168.7m | £145.0m |
| Cash and short-term investments | £18.0m | £17.0m | £60.2m | £82.3m | £73.0m | £53.8m | £64.8m | £76.4m | £62.5m | £51.1m |
| Total liabilities | £134.7m | £147.5m | £45.0m | £44.5m | £36.8m | £36.3m | £35.7m | £32.5m | £16.3m | £19.5m |
| Debt | £81.5m | £89.7m | £9.1m | £9.8m | £9.9m | £11.1m | £10.4m | £10.0m | — | — |
| Shareholders' equity | £258.8m | £240.8m | £244.2m | £236.6m | £212.7m | £202.2m | £191.2m | £172.7m | £152.4m | £125.5m |
| Shares outstanding | 222m | 221m | 219m | 220m | 219m | 218m | 217m | 216m | 215m | 213m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £28.7m | £19.5m | £12.3m | £26.9m | £31.0m | £21.5m | £21.7m | £21.7m | £17.0m | £19.8m |
| Capital spending | −£7.4m | −£4.1m | −£9.8m | −£10.0m | −£6.5m | −£5.3m | −£5.9m | −£3.1m | −£2.9m | −£1.5m |
| Free cash flow | £21.4m | £15.4m | £2.5m | £16.9m | £24.6m | £16.3m | £15.8m | £18.6m | £14.1m | £18.3m |
| Dividends paid | −£5.8m | −£5.2m | −£4.8m | −£4.3m | −£3.8m | −£3.3m | −£3.0m | −£2.5m | −£2.0m | −£1.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £115.5m | £118.2m | £110.8m | £109.5m | £68.0m | £63.1m | £63.1m | £66.0m |
| Gross profit | £55.7m | £56.3m | £59.3m | £49.1m | £36.9m | £34.5m | £32.5m | £36.5m |
| Operating income | £14.8m | £11.6m | £10.7m | £6.8m | £3.6m | £8.5m | £9.9m | £12.4m |
| Net income | −£65,000 | £3.7m | £6.2m | £3.0m | £4.2m | £7.0m | £8.9m | £10.7m |
| Diluted earnings per share | -0.00 | 0.02 | 0.03 | 0.01 | 0.02 | 0.03 | 0.04 | 0.05 |
| Cash from operations | £4.0m | £15.0m | £12.0m | £8.0m | £6.0m | £8.0m | £5.0m | £14.0m |
| Capital spending | −£7.0m | −£5.0m | −£2.0m | −£2.0m | −£1.0m | −£1.0m | −£4.0m | −£5.0m |
| Free cash flow | −£3.0m | £10.0m | £10.0m | £6.0m | £5.0m | £7.0m | £1.0m | £9.0m |
| Total assets | £392.2m | £394.8m | £397.4m | £389.0m | £367.8m | £289.2m | £291.6m | £281.1m |
| Cash and short-term investments | £13.6m | £18.0m | £19.3m | £17.0m | £134.9m | £60.2m | £69.1m | £82.3m |
| Debt | £13.8m | £71.8m | £72.6m | £79.0m | £80.9m | £1.2m | £1.1m | £1.1m |
| Shareholders' equity | £254.1m | £258.8m | £256.2m | £240.8m | £242.8m | £244.2m | £242.8m | £236.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.6% | 21.4% | 12.8% |
| Operating income | -4.0% | 15.4% | 2.6% |
| Net income | -21.3% | 3.0% | -3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.1% | 50.3% | 50.3% | 53.3% |
| Operating margin | 8.5% | 11.9% | 13.2% | 17.7% |
| Net margin | 4.2% | 8.1% | 9.3% | 13.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 48.6 | 61.6 | 28.5 | 27.9 | 42.3 | 61.7 | 34.0 | 26.3 | 33.9 | 30.1 |
| Price to sales | 2.1 | 2.5 | 3.6 | 4.6 | 6.8 | 6.1 | 6.3 | 5.8 | 7.0 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.045 | 0.024 | 0.022 | 0.02 | 0.018 | 0.016 | 0.014 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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