A 
267.00p
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
£57.0m
FY2015FY2023
Net income
£53.4m
FY2015FY2023
Free cash flow
£2.6m
FY2015FY2023
Shareholders' equity
£208.7m
FY2015FY2023
Income statement
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | £57.0m | −£37.3m | £32.3m | −£916,000 | £35.5m | −£11.6m | £12.3m | £3.1m | −£155,000 |
| Gross profit | £54.1m | −£34.6m | £31.6m | −£1.6m | £34.1m | −£11.7m | £12.2m | £3.2m | −£472,000 |
| Operating income | £53.4m | −£35.3m | £30.8m | −£2.2m | £33.6m | −£12.1m | £11.9m | £2.9m | −£487,000 |
| Net income | £53.4m | −£35.4m | £30.7m | −£2.2m | £33.6m | −£12.1m | £11.9m | £2.9m | −£490,000 |
| Diluted earnings per share | 0.70 | -0.46 | 0.40 | -0.03 | 0.55 | -0.24 | 0.34 | 0.14 | -0.05 |
Balance sheet
At each fiscal year end
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | £208.8m | £154.9m | £194.5m | £163.2m | £155.8m | £101.1m | £87.4m | £51.5m | — |
| Cash and short-term investments | £6.2m | £5.3m | £7.7m | £5.1m | £16.6m | £2.0m | £4.5m | £1.4m | — |
| Total liabilities | £115,000 | £107,000 | £330,000 | £286,000 | £1.5m | £90,000 | £72,000 | £65,000 | — |
| Shareholders' equity | £208.7m | £154.8m | £194.2m | £162.9m | £154.4m | £101.0m | £87.4m | £51.4m | — |
| Shares outstanding | 76m | 77m | 76m | 73m | 61m | 50m | 36m | 21m | 10m |
Cash flow
Fiscal years
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.6m | £2.1m | £1.4m | £977,000 | £3.4m | £2.4m | −£20.9m | −£32.8m | — |
| Free cash flow | £2.6m | £2.1m | £1.4m | £977,000 | £3.4m | £2.4m | −£20.9m | −£32.8m | — |
| Dividends paid | −£2.3m | −£1.4m | −£420,000 | −£3.3m | −£2.4m | −£1.3m | −£615,000 | −£187,000 | — |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £34.1m | −£9.9m | −£18,000 | £37.5m | £19.5m | £9.8m | −£5.7m | −£2.9m |
| Gross profit | £34.1m | −£9.9m | £148,000 | £34.7m | £19.5m | £9.8m | −£2.7m | −£2.9m |
| Operating income | £33.5m | −£10.3m | −£318,000 | £34.3m | £19.1m | £9.6m | −£3.1m | −£1.6m |
| Net income | £33.4m | −£10.4m | −£350,000 | £34.3m | £19.1m | £9.6m | −£3.2m | −£1.6m |
| Diluted earnings per share | 0.29 | -0.12 | -0.00 | 0.45 | 0.25 | 0.13 | -0.04 | -0.02 |
| Total assets | £325.1m | £295.1m | £205.7m | £208.8m | £171.7m | £171.7m | £154.9m | £154.9m |
| Cash and short-term investments | £5.9m | £17.1m | £7.3m | £6.2m | £143,000 | £143,000 | £5.3m | £5.3m |
| Shareholders' equity | £324.7m | £293.5m | £205.6m | £208.7m | £171.6m | £171.6m | £154.8m | £154.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 24.4% |
| Operating income | — | — | 20.0% |
| Net income | — | — | 20.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 94.1% | 97.9% | 96.0% | 95.3% |
| Operating margin | 90.7% | 90.5% | 90.7% | 88.5% |
| Net margin | 90.5% | 90.1% | 90.4% | 88.2% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -16.9 | 3.5 | -4.2 | 5.8 | -68.0 | 4.3 | -7.6 | 6.2 | 12.6 | -33.1 |
| Price to sales | -18.3 | 3.3 | -4.0 | 5.5 | -164.0 | 4.1 | -7.9 | 6.0 | 11.9 | -104.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 May 2026.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.065 | 0.03 | 0.018 | 0.006 | 0.045 | 0.04 | 0.028 | 0.02 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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