A 
78.50p
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
£2.8m
FY2017FY2026
Net income
£835,987
FY2017FY2026
Free cash flow
£778,860
FY2017FY2026
Shareholders' equity
£9.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £2.8m | £3.1m | £2.9m | £2.7m | £2.8m | £3.0m | £3.0m | £2.8m | £2.5m | £2.3m |
| Gross profit | £2.6m | £3.1m | £2.9m | £2.6m | £2.8m | £3.0m | £3.0m | £2.8m | £2.5m | £2.3m |
| Research and development | — | £642,393 | £521,853 | £476,491 | £409,618 | £506,893 | £468,680 | £584,524 | £517,042 | £516,159 |
| Operating income | £629,736 | £778,553 | £869,691 | £805,210 | £758,270 | £1.0m | £1.0m | £904,533 | £561,523 | £365,321 |
| Net income | £835,987 | £943,430 | £1.1m | £980,109 | £610,566 | £1.0m | £1.2m | £1.1m | £915,084 | £470,251 |
| Diluted earnings per share | 0.06 | 0.07 | 0.08 | 0.07 | 0.05 | 0.08 | 0.09 | 0.08 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £10.6m | £10.8m | £10.6m | £9.0m | £8.8m | £8.6m | £8.0m | £6.5m | £5.7m | £4.7m |
| Cash and short-term investments | £7.5m | £7.4m | £7.2m | £6.4m | £6.0m | £5.4m | £5.0m | £4.1m | £3.2m | £2.6m |
| Total liabilities | £1.6m | £2.1m | £2.3m | £1.4m | £1.8m | £2.0m | £2.3m | £1.8m | £1.9m | £1.9m |
| Debt | £307,696 | £427,364 | £537,673 | £40,324 | £195,853 | £344,303 | £485,996 | £1.2m | £1.0m | £987,609 |
| Shareholders' equity | £9.0m | £8.7m | £8.3m | £7.6m | £7.0m | £6.6m | £5.7m | £4.7m | £3.8m | £2.8m |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £784,630 | £606,415 | £1.0m | £901,420 | £1.1m | £801,355 | £1.3m | £1.0m | £552,111 | £974,800 |
| Capital spending | −£5,770 | −£9,107 | −£12,055 | −£3,480 | −£2,688 | −£1,482 | −£12,750 | −£13,802 | −£2,090 | −£8,152 |
| Free cash flow | £778,860 | £597,308 | £1.0m | £897,940 | £1.1m | £799,873 | £1.3m | £997,576 | £550,021 | £966,648 |
| Dividends paid | −£534,912 | −£501,480 | −£468,048 | −£434,616 | −£367,752 | −£333,594 | −£263,591 | −£171,334 | −£125,760 | −£125,760 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.3m | £1.4m | £1.6m | £1.5m | £1.5m | £1.4m | £1.4m | £1.4m |
| Gross profit | £1.3m | £1.4m | £1.6m | £1.5m | £1.5m | £1.4m | £1.3m | £1.4m |
| Operating income | £331,837 | £297,899 | £377,089 | £401,464 | £460,343 | £409,350 | £443,810 | £361,400 |
| Net income | £441,365 | £394,622 | £425,264 | £518,166 | £528,867 | £538,790 | £607,695 | £372,414 |
| Diluted earnings per share | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 |
| Cash from operations | — | — | — | — | £1.0m | — | — | — |
| Total assets | £10.6m | £10.8m | £10.8m | £10.7m | £10.6m | £9.8m | £9.0m | £9.8m |
| Cash and short-term investments | £7.5m | £7.8m | £7.4m | £7.2m | £7.2m | £5.7m | £6.4m | £5.9m |
| Debt | £129,822 | £124,641 | £119,668 | £114,893 | £110,308 | £68,869 | £40,324 | £118,994 |
| Shareholders' equity | £9.0m | £8.6m | £8.7m | £8.3m | £8.3m | £7.7m | £7.6m | £7.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.3% | -1.6% | 2.5% |
| Operating income | -7.9% | -9.6% | 8.0% |
| Net income | -5.2% | -4.4% | 7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 98.0% | 97.7% | 98.4% | 99.0% |
| Operating margin | 24.0% | 26.8% | 28.3% | 26.8% |
| Net margin | 30.4% | 33.3% | 31.8% | 32.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.6 | 12.0 | 15.2 | 13.0 | 17.3 | 10.3 | 21.0 | 23.7 | 20.1 | 19.1 |
| Price to sales | 3.8 | 3.6 | 5.6 | 4.7 | 3.8 | 3.6 | 8.7 | 9.3 | 7.3 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 2 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.038 | 0.035 | 0.033 | 0.028 | 0.025 | 0.02 | 0.013 |
- 125-to-1 reverse split · 28 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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