B 
133.00p
+3.50%
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 USD, from our data supplier.
Revenue
$131.5m
FY2016FY2025
Net income
$12.5m
FY2016FY2025
Free cash flow
$83.8m
FY2016FY2025
Shareholders' equity
$153.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $131.5m | $99.3m | $82.7m | $63.8m | $69.2m | $56.4m | $50.1m | $35.3m | $24.4m | $17.2m |
| Research and development | — | — | — | — | — | — | — | — | — | $2.9m |
| Operating income | $22.1m | $6.2m | $9.7m | $9.6m | $11.5m | −$16.7m | −$884,000 | −$2.4m | −$9.0m | −$19.9m |
| Net income | $12.5m | $3.8m | $10.1m | $28.9m | $6.3m | −$18.8m | $355,000 | −$4.3m | −$29.3m | −$20.6m |
| Diluted earnings per share | 0.03 | 0.01 | 0.03 | 0.09 | 0.02 | -0.07 | 0.00 | -0.02 | -0.08 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $501.2m | $406.3m | $376.8m | $277.9m | $216.9m | $225.1m | $141.4m | $107.0m | $106.2m | $75.7m |
| Cash and short-term investments | $245.7m | $142.3m | $117.4m | $105.2m | $62.4m | $61.3m | $34.7m | $31.1m | $18.7m | $11.3m |
| Total liabilities | $347.9m | $268.6m | $243.3m | $166.4m | $134.4m | $153.3m | $84.4m | $80.3m | $77.6m | $76.2m |
| Debt | $5.4m | $2.6m | $3.1m | $3.5m | $12.6m | $15.4m | $5.2m | $2.2m | $2.5m | $21.2m |
| Shareholders' equity | $153.3m | $137.7m | $133.5m | $111.4m | $82.4m | $71.8m | $57.0m | $26.6m | $28.6m | −$442,000 |
| Shares outstanding | 382m | 313m | 310m | 332m | 296m | 278m | 252m | 224m | 359m | 292m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $84.3m | $42.0m | $40.6m | $49.7m | $11.9m | $31.3m | $8.9m | $13.5m | −$6.8m | −$11.5m |
| Capital spending | −$561,535 | −$7.5m | −$5.9m | −$5.3m | −$5.8m | −$3.4m | −$2.1m | −$329,000 | −$320,000 | −$1.5m |
| Free cash flow | $83.8m | $34.5m | $34.7m | $44.3m | $6.1m | $27.9m | $6.9m | $13.2m | −$7.1m | −$13.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.2m | $65.8m | $67.0m | $52.0m | $47.3m | $44.9m | $39.2m | $35.0m |
| Operating income | $4.7m | $8.0m | $12.7m | $1.7m | $4.4m | $11.9m | −$1.2m | $4.8m |
| Net income | $10.0m | $3.8m | $9.0m | $4.7m | −$1.1m | $8.4m | $1.8m | $921,049 |
| Diluted earnings per share | 0.03 | 0.01 | 0.02 | 0.02 | -0.00 | 0.03 | 0.01 | 0.00 |
| Cash from operations | −$27.0m | $56.0m | $26.0m | $41.0m | $3.0m | $40.0m | $2.0m | $59.0m |
| Capital spending | — | — | — | — | — | −$3.0m | −$2.0m | −$2.0m |
| Free cash flow | — | — | — | — | — | $37.0m | $0 | $57.0m |
| Total assets | $453.9m | $501.2m | $447.8m | $406.3m | $368.0m | $376.8m | $296.5m | $277.9m |
| Cash and short-term investments | $187.7m | $245.7m | $164.8m | $142.3m | $123.7m | $117.4m | $104.8m | $105.2m |
| Debt | $2.0m | $2.1m | $2.6m | $1.9m | $2.4m | $2.7m | $2.7m | $2.6m |
| Shareholders' equity | $143.4m | $153.3m | $142.8m | $137.7m | $138.4m | $133.5m | $125.6m | $111.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.3% | 18.5% | 21.2% |
| Operating income | 32.0% | — | — |
| Net income | -24.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 12.2% | 12.6% | 8.4% | -0.9% |
| Net margin | 7.1% | 14.7% | 8.5% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 85.8 | 201.9 | 55.0 | 21.4 | 103.9 | -28.6 |
| Price to sales | 8.2 | 7.7 | 6.7 | 9.7 | 9.4 | 9.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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