B 
3.90p
-2.50%
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
£1.4m
FY2016FY2025
Net income
−£2.6m
FY2016FY2025
Free cash flow
−£1.4m
FY2016FY2025
Shareholders' equity
£6.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.4m | £1.6m | £1.9m | £2.8m | £20,663 | £15,671 | £10,776 | £8,703 | £7,588 | £7,748 |
| Research and development | £1.6m | — | £1.6m | £457,825 | £3,426 | £2,184 | £1,665 | £3,113 | £2,047 | £2,123 |
| Operating income | −£2.8m | −£2.7m | −£2.9m | −£2.2m | −£21,853 | −£19,395 | −£21,795 | −£26,151 | −£23,619 | −£23,670 |
| Net income | −£2.6m | −£2.3m | −£2.5m | −£1.9m | −£21,347 | −£18,806 | −£21,286 | −£25,746 | −£23,360 | −£23,405 |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £7.7m | £8.4m | £9.9m | £12.5m | £147,202 | £82,940 | £98,649 | £61,392 | £30,966 | £55,456 |
| Cash and short-term investments | £2.7m | £3.8m | £6.5m | £10.1m | £128,395 | £65,458 | £79,655 | £50,321 | £17,523 | £37,110 |
| Total liabilities | £783,665 | £897,197 | £1.1m | £1.3m | £17,774 | £11,548 | £11,436 | £5,690 | £4,254 | £4,963 |
| Debt | — | — | £29,225 | £123,569 | £2,130 | £3,240 | £3,787 | £24 | £83 | £2,703 |
| Shareholders' equity | £6.9m | £7.5m | £8.8m | £11.2m | £129,428 | £71,393 | £87,213 | £55,702 | £26,711 | £50,493 |
| Shares outstanding | 456m | 382m | 368m | 368m | 339m | 337m | 299m | 300m | 241m | 181m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.4m | −£2.4m | −£1.8m | −£2.2m | −£8,876 | −£10,736 | −£18,594 | −£18,944 | −£17,024 | −£16,698 |
| Capital spending | −£3,793 | −£1.7m | −£1.8m | −£560,426 | −£5,089 | −£4,521 | −£4,535 | −£2,724 | −£2,535 | −£3,050 |
| Free cash flow | −£1.4m | −£4.1m | −£3.6m | −£2.7m | −£13,966 | −£15,256 | −£23,130 | −£21,667 | −£19,559 | −£19,748 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £531,794 | £807,647 | £576,895 | £916,030 | £691,643 | £952,366 | £985,115 | £1.3m |
| Operating income | −£1.5m | −£1.2m | −£1.6m | −£989,089 | −£1.7m | −£1.2m | −£1.8m | −£1.5m |
| Net income | −£1.5m | −£1.0m | −£1.6m | −£802,953 | −£1.5m | −£875,836 | −£1.6m | −£1.3m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | — | — | −£1.0m | — | −£1.0m | −£1.0m |
| Total assets | £6.4m | £7.7m | £6.7m | £8.4m | £9.2m | £9.9m | £10.6m | £12.5m |
| Cash and short-term investments | £1.9m | £2.7m | £2.3m | £3.8m | £5.6m | £6.5m | £8.2m | £10.1m |
| Debt | — | — | — | — | — | £29,225 | £77,100 | £93,786 |
| Shareholders' equity | £5.9m | £6.9m | £6.0m | £7.5m | £8.3m | £8.8m | £9.6m | £11.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.4% | 145.0% | 6.9% |
| Operating income | 9.0% | 170.1% | 0.5% |
| Net income | 10.8% | 168.2% | 0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -182.7% | -135.6% | -135.5% | -156.0% |
| Net margin | -165.6% | -120.4% | -120.4% | -140.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.0 | -7.7 | -8.9 | -27.8 | -4880.5 | -3517.3 | -2388.3 | -978.2 | -412.0 | -870.4 |
| Price to sales | 7.6 | 11.3 | 11.4 | 18.7 | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 5-for-1 split · 16 May 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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