B 
70.00p
+0.86%
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
£54.3m
FY2016FY2025
Net income
£1.5m
FY2016FY2025
Free cash flow
£2.7m
FY2016FY2025
Shareholders' equity
£39.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £54.3m | £32.8m | £35.7m | £31.7m | £21.7m | £14.5m | £16.8m | £21.2m | £9.1m | £17.7m |
| Research and development | — | — | — | — | — | — | — | — | £2.5m | £850,000 |
| Operating income | £1.0m | £1.9m | £1.1m | £1.5m | £525,000 | −£2.2m | −£1.3m | −£112,000 | −£4.9m | −£6.4m |
| Net income | £1.5m | £2.3m | £3.4m | £2.1m | £458,000 | −£2.0m | −£2.7m | −£70,000 | −£14.8m | −£5.9m |
| Diluted earnings per share | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.03 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £77.5m | £32.7m | £30.5m | £20.6m | £19.6m | £6.1m | £8.6m | £13.2m | £11.6m | £30.6m |
| Cash and short-term investments | £10.5m | £7.6m | £6.9m | £6.5m | £5.9m | £2.8m | £4.2m | £5.4m | £4.8m | £7.1m |
| Total liabilities | £38.4m | £11.4m | £11.9m | £10.6m | £12.1m | £5.3m | £5.8m | £7.9m | £6.4m | £10.8m |
| Debt | £8.1m | £1.8m | £1.9m | £701,000 | £1.4m | £466,000 | £900,000 | £1.1m | £343,000 | £389,000 |
| Shareholders' equity | £39.1m | £21.3m | £18.6m | £10.0m | £7.5m | £760,000 | £2.8m | £5.3m | £5.2m | £19.9m |
| Shares outstanding | 102m | 1,361m | 1,481m | 1,081m | 973m | 613m | 610m | 725m | 573m | 571m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.8m | £1.6m | £1.8m | £1.7m | £4.0m | −£824,000 | −£894,000 | £858,000 | −£1.5m | −£4.5m |
| Capital spending | −£190,000 | −£167,000 | −£156,000 | −£81,000 | −£34,000 | −£166,000 | −£275,000 | −£361,000 | −£586,000 | −£912,000 |
| Free cash flow | £2.7m | £1.5m | £1.7m | £1.6m | £4.0m | −£990,000 | −£1.2m | £497,000 | −£2.1m | −£5.4m |
| Dividends paid | −£267,000 | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £36.3m | £36.5m | £17.8m | £17.2m | £15.6m | £18.8m | £16.9m | £16.9m |
| Operating income | £2.5m | £2.6m | £1.6m | £1.7m | £1.4m | −£198,000 | £1.3m | £859,000 |
| Net income | £2.4m | £1.4m | £147,000 | £1.0m | £1.2m | £3.6m | −£227,000 | £1.1m |
| Diluted earnings per share | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 |
| Cash from operations | £1.0m | £4.0m | −£1.0m | £1.0m | — | £2.0m | — | — |
| Total assets | £83.7m | £77.5m | £38.6m | £32.7m | £31.1m | £30.5m | £24.9m | £20.6m |
| Cash and short-term investments | £8.3m | £10.5m | £4.2m | £7.6m | £6.9m | £6.9m | £4.5m | £6.5m |
| Debt | £4.2m | £6.8m | £631,000 | £384,000 | £340,000 | £365,000 | £428,000 | £701,000 |
| Shareholders' equity | £50.3m | £39.1m | £23.7m | £21.3m | £20.0m | £18.6m | £14.7m | £10.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.7% | 30.3% | 14.1% |
| Operating income | -11.2% | — | — |
| Net income | -10.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.3% | 3.5% | 2.0% | -8.7% |
| Net margin | 4.3% | 6.0% | 4.0% | -25.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.2 | 250.0 | 188.3 | 234.3 | — | -61.9 | -56.8 | -4565.0 | -4.2 | -36.7 |
| Price to sales | 1.3 | 17.2 | 17.9 | 15.4 | 12.8 | 8.7 | 9.3 | 15.1 | 6.9 | 12.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 29 May 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.004 |
- 20-to-1 reverse split · 15 Jul 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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