A 
0.28p
-3.51%
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
£1.5m
FY2019FY2026
Net income
−£1.9m
FY2019FY2026
Free cash flow
−£2.3m
FY2019FY2026
Shareholders' equity
£5.7m
FY2019FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.5m | £1.2m | £860,000 | £1.8m | £4.0m | £1.3m | £854,568 | £986,661 |
| Gross profit | £573,000 | £350,000 | £250,000 | £359,000 | £2.7m | £538,400 | £455,970 | £612,852 |
| Research and development | £495,000 | £305,000 | £317,000 | £474,000 | £848,000 | £491,200 | £170,459 | £63,081 |
| Operating income | −£2.9m | −£2.7m | −£3.1m | −£8.2m | −£2.6m | −£2.3m | −£922,050 | −£540,244 |
| Net income | −£1.9m | −£2.4m | −£3.0m | −£7.8m | −£2.1m | −£1.8m | −£674,730 | −£454,984 |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.02 | -0.03 | -0.03 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | £7.2m | £2.8m | £2.8m | £2.8m | £11.5m | £2.1m | £1.4m | £1.4m |
| Cash and short-term investments | £4.4m | £1.1m | £870,000 | £234,000 | £6.7m | £369,000 | £293,148 | £727,159 |
| Total liabilities | £1.4m | £1.5m | £1.9m | £2.4m | £3.5m | £2.0m | £1.1m | £497,255 |
| Debt | £170,000 | £491,000 | £817,000 | £1.1m | £1.3m | £78,000 | £160,978 | £71,570 |
| Shareholders' equity | £5.7m | £1.4m | £887,000 | £304,000 | £8.1m | £105,000 | £245,806 | £899,871 |
| Shares outstanding | 2,843m | 2,632m | 415m | 359m | 69m | 69m | 69m | 69m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.1m | −£2.0m | −£2.3m | −£4.1m | −£2.4m | −£1.1m | −£82,712 | −£844,933 |
| Capital spending | −£172,000 | −£10,000 | −£122,000 | −£2.0m | −£418,000 | −£157,600 | −£160,828 | −£40,820 |
| Free cash flow | −£2.3m | −£2.0m | −£2.4m | −£6.1m | −£2.8m | −£1.3m | −£243,540 | −£885,753 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £716,000 | £828,000 | £550,000 | £653,000 | £562,000 | £298,000 | £149,000 | £737,000 |
| Gross profit | £233,000 | £340,000 | £98,000 | £367,000 | £143,000 | −£26,000 | −£13,000 | −£97,000 |
| Operating income | −£1.6m | −£1.3m | −£1.4m | −£1.2m | −£1.3m | −£1.9m | −£936,000 | −£2.6m |
| Net income | −£714,000 | −£1.1m | −£1.3m | −£1.1m | −£1.2m | −£1.8m | −£903,500 | −£5.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.01 |
| Cash from operations | — | −£1.0m | — | −£1.0m | — | −£1.0m | — | −£1.0m |
| Total assets | £7.2m | £3.7m | £2.8m | £4.3m | £2.8m | £4.0m | £4.0m | £8.6m |
| Cash and short-term investments | £4.4m | £1.5m | £1.1m | £2.0m | £870,000 | £1.8m | £1.8m | £1.9m |
| Debt | £161,000 | £257,000 | £249,000 | £242,000 | £262,000 | £426,000 | £99,000 | £333,000 |
| Shareholders' equity | £5.7m | £2.3m | £1.4m | £2.6m | £887,000 | £2.0m | £2.0m | £5.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.1% | 3.8% | — |
| Operating income | -29.6% | 4.4% | — |
| Net income | -38.1% | 0.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 33.6% | 28.6% | 44.5% | — |
| Operating margin | -202.0% | -313.3% | -202.9% | — |
| Net margin | -156.0% | -281.4% | -178.2% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Price to earnings | -4.3 | -11.7 | -0.5 | -0.2 | -1.6 | -4.9 |
| Price to sales | 5.3 | 23.5 | 1.8 | 1.1 | 0.8 | 7.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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