C 
13.75p
-3.51%
Close of 9 Nov 2026, in pence
Search any instrument
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
£13.7m
FY2017FY2026
Net income
−£2.8m
FY2017FY2026
Free cash flow
−£1.9m
FY2017FY2026
Shareholders' equity
£8.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | £13.7m | £14.1m | £12.0m | £10.3m | £8.4m | £132,000 | £98,000 | £298,000 | £268,000 |
| Gross profit | £8.3m | £8.3m | £8.0m | £5.0m | £2.7m | £47,000 | £26,000 | £148,000 | £112,000 |
| Research and development | £2.0m | £2.0m | £2.6m | £2.4m | £1.9m | £25,000 | £25,000 | £33,000 | £36,000 |
| Operating income | −£2.6m | −£4.4m | −£5.1m | −£8.1m | −£8.5m | −£53,000 | −£78,000 | £25,000 | £2,000 |
| Net income | −£2.8m | −£3.6m | −£4.5m | −£12.3m | −£6.8m | −£49,000 | −£39,000 | £18,000 | −£1,000 |
| Diluted earnings per share | -0.03 | -0.03 | -0.04 | -0.11 | -0.06 | -0.00 | -0.00 | 0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | £16.4m | £19.9m | £23.1m | £27.4m | £37.3m | £243,000 | £283,000 | £203,000 | £224,000 |
| Cash and short-term investments | £3.0m | £5.1m | £9.0m | £15.6m | £24.2m | £115,000 | £143,000 | £52,000 | £25,000 |
| Total liabilities | £8.0m | £8.8m | £8.5m | £8.5m | £6.3m | £67,000 | £69,000 | £74,000 | £102,000 |
| Debt | £300,000 | £600,000 | £500,000 | £600,000 | £700,000 | £5,000 | £9,000 | — | £15,000 |
| Shareholders' equity | £8.4m | £11.1m | £14.6m | £18.9m | £31.0m | £176,000 | £214,000 | £129,000 | £122,000 |
| Shares outstanding | 108m | 108m | 108m | 108m | 108m | 135m | 161m | 178m | 182m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£100,000 | −£1.1m | −£4.7m | −£6.3m | −£4.9m | −£29,000 | −£10,000 | £41,000 | £16,000 |
| Capital spending | −£1.8m | −£200,000 | −£2.1m | −£400,000 | −£800,000 | −£3,000 | −£3,000 | −£4,000 | −£3,000 |
| Free cash flow | −£1.9m | −£1.3m | −£6.8m | −£6.7m | −£5.7m | −£32,000 | −£13,000 | £37,000 | £13,000 |
| Dividends paid | — | — | — | — | — | −£778,000 | — | — | — |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £6.3m | £6.8m | £6.9m | £7.4m | £6.7m | £6.3m | £5.7m | £2.9m |
| Gross profit | £3.4m | £4.1m | £4.9m | £4.6m | £4.5m | £4.1m | £3.3m | £1.9m |
| Operating income | −£700,000 | −£400,000 | −£2.1m | −£1.6m | −£2.7m | −£2.2m | −£2.7m | −£1.4m |
| Net income | −£900,000 | −£700,000 | −£2.1m | −£1.0m | −£2.6m | −£2.1m | −£2.4m | −£1.2m |
| Diluted earnings per share | -0.01 | -0.01 | -0.02 | -0.01 | -0.02 | -0.02 | -0.02 | -0.01 |
| Cash from operations | — | £1.0m | −£1.0m | — | — | −£2.0m | −£1.0m | — |
| Capital spending | — | — | — | −£1.0m | — | — | −£1.0m | — |
| Free cash flow | — | — | — | — | — | — | −£2.0m | — |
| Total assets | £15.6m | £16.4m | £17.8m | £19.9m | £21.1m | £23.1m | £24.6m | £24.6m |
| Cash and short-term investments | £2.9m | £3.0m | £2.7m | £5.1m | £7.0m | £9.0m | £12.8m | £12.8m |
| Debt | £100,000 | £200,000 | £100,000 | £200,000 | £100,000 | £200,000 | £200,000 | — |
| Shareholders' equity | £7.6m | £8.4m | £9.1m | £11.1m | £12.1m | £14.6m | £16.7m | −£13.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.0% | 153.1% | -8.7% |
| Operating income | -31.5% | 117.8% | — |
| Net income | -38.9% | 124.6% | 39.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 59.7% | 59.1% | 55.2% | 48.5% |
| Operating margin | -25.2% | -40.3% | -49.0% | -30.7% |
| Net margin | -23.0% | -46.3% | -51.3% | -32.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -6.3 | -4.3 | -2.0 | -3.0 | -1404.3 | -2105.4 | -1347.2 | — | -32376.0 |
| Price to sales | 1.1 | 1.6 | 1.6 | 2.4 | 2.4 | — | — | — | 259.8 | 120.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 May 2012.
| FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.006 | 0.009 | 0.008 | 0.005 | 0.005 | 0.004 | 0.004 | 0.003 |
- 1-to-1 reverse split · 5 Aug 2005
- 9-for-1 split · 7 Apr 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.