A 
21.00p
+2.44%
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
£110,000
FY2016FY2025
Net income
−£2.0m
FY2016FY2025
Free cash flow
−£1.5m
FY2016FY2025
Shareholders' equity
£1.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £110,000 | £42,000 | — | — | — | — | — | — | £1,000 | — |
| Gross profit | −£16,000 | −£24,000 | −£16,000 | −£22,000 | −£2,000 | −£23,000 | −£5,000 | — | −£14,000 | — |
| Operating income | −£2.0m | −£1.6m | −£1.5m | −£1.3m | −£1.4m | −£308,000 | −£734,000 | −£230,000 | −£307,000 | −£1.5m |
| Net income | −£2.0m | −£1.6m | −£1.1m | −£4.4m | −£1.4m | −£281,000 | −£742,000 | −£221,000 | −£309,000 | −£1.6m |
| Diluted earnings per share | -0.15 | -0.14 | -0.10 | -0.70 | -0.31 | -0.07 | -0.26 | -0.21 | -0.50 | -2.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £4.3m | £3.7m | £4.2m | £4.1m | £3.8m | £3.7m | £3.2m | £6,000 | £25,000 | £27,000 |
| Cash and short-term investments | £126,000 | £64,000 | £73,000 | £110,000 | £196,000 | £52,000 | £246,000 | £2,000 | £16,000 | £16,000 |
| Total liabilities | £2.9m | £1.4m | £793,000 | £747,000 | £355,000 | £329,000 | £369,000 | £158,000 | £687,000 | £523,000 |
| Debt | £1.4m | £666,000 | £225,000 | £151,000 | £158,000 | £219,000 | £203,000 | £82,000 | £215,000 | £166,000 |
| Shareholders' equity | £1.4m | £2.3m | £3.4m | £3.3m | £3.4m | £3.3m | £2.6m | −£152,000 | −£662,000 | −£496,000 |
| Shares outstanding | 14m | 12m | 11m | 6m | 4m | 4m | 3m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.5m | −£1.1m | −£1.2m | −£809,000 | −£1.2m | −£528,000 | −£260,000 | −£149,000 | −£125,000 | −£392,000 |
| Capital spending | −£3,000 | −£119,000 | −£5,000 | −£10,000 | −£239,000 | −£431,000 | −£711,000 | — | — | — |
| Free cash flow | −£1.5m | −£1.3m | −£1.2m | −£819,000 | −£1.4m | −£959,000 | −£971,000 | −£149,000 | −£125,000 | −£392,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.3m | £90,000 | £20,000 | £42,000 | — | — | — | — |
| Gross profit | £519,000 | £2,000 | £3,000 | £8,000 | −£32,000 | — | −£5,000 | — |
| Operating income | −£324,000 | −£1.3m | −£658,000 | −£1.1m | −£484 | −£242 | −£623,000 | −£215 |
| Net income | −£568,000 | −£1.3m | −£698,000 | −£1.1m | −£504 | −£252 | −£204,000 | −£102 |
| Diluted earnings per share | -0.03 | -0.10 | -0.05 | -0.09 | -0.00 | -0.00 | -0.02 | -0.00 |
| Cash from operations | — | −£1.0m | — | — | — | — | — | — |
| Total assets | £4.9m | £4.3m | £3.7m | £3.7m | £4.1m | £4.1m | £4.2m | £4.2m |
| Cash and short-term investments | £131,000 | £126,000 | £47,000 | £64,000 | £110,000 | £110,000 | £73,000 | £73,000 |
| Debt | £706,000 | £1.4m | £754,000 | £666,000 | £225,000 | £225,000 | £225,000 | £225,000 |
| Shareholders' equity | £1.8m | £1.4m | £1.8m | £2.3m | £3.5m | £3.5m | £3.4m | £3.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 13.7% | 44.7% | 9.2% |
| Net income | -22.8% | 48.3% | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -26.3% | — | — | — |
| Operating margin | -2311.2% | — | — | — |
| Net margin | -2390.1% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -1.8 | -3.4 | -8.6 | -1.3 |
| Price to sales | 33.7 | 131.8 | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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