C 
810.00p
+2.53%
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
£45.4m
FY2016FY2025
Net income
£16.6m
FY2016FY2025
Free cash flow
£12.8m
FY2016FY2025
Shareholders' equity
£59.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £45.4m | £43.8m | £39.2m | £32.7m | £26.1m | £20.8m | £18.8m | £17.4m | £16.0m | £8.4m |
| Gross profit | £34.6m | £35.2m | £30.8m | £22.5m | £20.4m | £15.3m | £14.1m | £12.6m | £12.2m | £6.1m |
| Research and development | £645,000 | — | £572,000 | £385,449 | £395,731 | £341,834 | £465,920 | £68,132 | £303,849 | £172,978 |
| Operating income | £20.0m | £18.4m | £15.3m | £12.5m | £7.5m | £2.8m | £2.5m | £1.9m | £2.1m | £432,436 |
| Net income | £16.6m | £15.3m | £12.9m | £9.3m | £6.4m | £2.6m | £2.3m | £1.9m | £2.0m | £306,968 |
| Diluted earnings per share | 0.56 | 0.51 | 0.44 | 0.32 | 0.22 | 0.09 | 0.08 | 0.06 | 0.07 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £75.3m | £63.1m | £52.8m | £42.6m | £35.7m | £32.1m | £25.6m | £23.3m | £23.1m | £23.9m |
| Cash and short-term investments | £34.4m | £29.9m | £24.7m | £20.2m | £13.2m | £8.3m | £6.8m | £5.3m | £5.3m | £5.0m |
| Total liabilities | £15.7m | £14.6m | £15.9m | £15.9m | £15.5m | £16.1m | £10.0m | £8.8m | £9.3m | £11.0m |
| Debt | £3.3m | £2.8m | £3.2m | £4.0m | £4.8m | £6.2m | £1.8m | £2.8m | £3.7m | £4.6m |
| Shareholders' equity | £59.6m | £48.5m | £36.9m | £26.7m | £20.2m | £16.0m | £15.5m | £14.4m | £13.8m | £13.0m |
| Shares outstanding | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £13.2m | £11.2m | £9.8m | £12.3m | £9.8m | £6.6m | £5.1m | £3.7m | £3.4m | −£818,137 |
| Capital spending | −£417,000 | −£1.5m | −£1.4m | −£1.6m | −£1.3m | −£1.4m | −£1.2m | −£1.7m | −£1.0m | −£738,104 |
| Free cash flow | £12.8m | £9.7m | £8.3m | £10.7m | £8.5m | £5.2m | £3.9m | £2.1m | £2.4m | −£1.6m |
| Dividends paid | −£4.1m | −£3.5m | −£2.9m | −£2.2m | −£1.7m | −£1.5m | −£1.4m | −£1.3m | −£1.2m | −£383,675 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £18.0m | £24.4m | £20.9m | £21.2m | £22.5m | £18.7m | £9.3m | £20.5m |
| Gross profit | £12.4m | £18.9m | £15.6m | £16.0m | £17.0m | £13.1m | £7.0m | £15.1m |
| Operating income | £4.9m | £11.6m | £8.7m | £8.7m | £10.0m | £7.1m | £3.5m | £8.5m |
| Net income | £4.1m | £9.6m | £7.0m | £7.2m | £8.1m | £6.0m | £3.0m | £6.9m |
| Diluted earnings per share | 0.14 | 0.32 | 0.24 | 0.24 | 0.27 | 0.20 | 0.10 | 0.23 |
| Cash from operations | £1.0m | £6.0m | £7.0m | £5.0m | £5.0m | £3.0m | — | £6.0m |
| Capital spending | — | −£1.0m | −£1.0m | — | — | — | — | — |
| Free cash flow | — | £5.0m | £6.0m | — | — | — | — | — |
| Total assets | £75.9m | £75.3m | £67.5m | £63.1m | £59.6m | £52.8m | £52.8m | £49.3m |
| Cash and short-term investments | £32.5m | £34.4m | £31.2m | £29.9m | £26.6m | £24.7m | £24.7m | £23.6m |
| Debt | £2.1m | £942,000 | £977,000 | £873,000 | £793,000 | £980,000 | £2.2m | £980,000 |
| Shareholders' equity | £60.6m | £59.6m | £51.6m | £48.5m | £42.5m | £36.9m | £36.9m | £31.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 16.9% | 12.5% |
| Operating income | 17.1% | 48.2% | 25.1% |
| Net income | 21.2% | 44.8% | 23.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 78.3% | 76.4% | 76.4% | 75.8% |
| Operating margin | 43.1% | 41.1% | 36.8% | 30.3% |
| Net margin | 35.8% | 33.6% | 30.4% | 25.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 21.7 | 34.0 | 36.9 | 38.3 | 40.9 | 47.1 | 30.8 | 21.2 | 21.4 | 54.5 |
| Price to sales | 8.0 | 11.9 | 12.2 | 10.9 | 10.1 | 5.9 | 3.8 | 2.4 | 2.7 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 11 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.161 | 0.14 | 0.12 | 0.098 | 0.076 | 0.059 | 0.05 | 0.046 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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