C 
49.50p
+1.02%
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
$23.2m
FY2017FY2026
Net income
−$469,365
FY2017FY2026
Free cash flow
$5.6m
FY2017FY2026
Shareholders' equity
$38.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.2m | $51.8m | $32.6m | $28.7m | $32.8m | $22.8m | $21.7m | $25.2m | $18.4m | $17.7m |
| Research and development | — | $4.4m | $2.2m | $2.6m | $2.3m | $913,000 | $784,000 | $576,000 | $474,000 | $469,000 |
| Operating income | −$1.2m | $8.4m | $5.0m | $3.0m | $3.0m | $3.8m | $4.6m | $5.6m | $3.7m | $3.9m |
| Net income | −$469,365 | $8.6m | $4.0m | $2.8m | $2.3m | $2.8m | $4.4m | $5.8m | $2.9m | $3.9m |
| Diluted earnings per share | -0.01 | 0.22 | 0.10 | 0.07 | 0.06 | 0.07 | 0.11 | 0.15 | 0.07 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $51.8m | $56.6m | $58.7m | $39.7m | $53.9m | $41.9m | $38.9m | $32.0m | $40.0m | $23.9m |
| Cash and short-term investments | $32.5m | $31.5m | $30.7m | $17.2m | $11.4m | $14.2m | $12.8m | $11.0m | $4.6m | $6.3m |
| Total liabilities | $13.0m | $14.1m | $29.2m | $12.4m | $22.0m | $11.0m | $9.6m | $7.1m | $19.9m | $6.4m |
| Debt | $890,950 | $1.2m | $1.1m | $221,000 | $200,000 | $277,000 | $1 | $133,000 | $780,000 | $1.3m |
| Shareholders' equity | $38.8m | $42.5m | $29.5m | $27.3m | $31.9m | $30.9m | $29.3m | $24.8m | $20.1m | $17.5m |
| Shares outstanding | 39m | 40m | 41m | 41m | 40m | 40m | 40m | 40m | 39m | 38m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $5.7m | −$12.2m | $16.1m | $14.0m | −$659,000 | $3.3m | $2.4m | $9.1m | $678,000 | $2.3m |
| Capital spending | −$99,389 | −$1.2m | −$771,000 | −$517,000 | −$439,000 | −$229,000 | −$437,000 | −$459,000 | −$844,000 | −$162,000 |
| Free cash flow | $5.6m | −$13.4m | $15.3m | $13.5m | −$1.1m | $3.1m | $2.0m | $8.6m | −$166,000 | $2.2m |
| Dividends paid | −$1.7m | −$2.2m | −$1.2m | −$6.2m | −$1.1m | −$1.1m | −$1.2m | −$980,000 | −$884,000 | −$753,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.0m | $10.4m | $21.8m | $18.0m | $19.6m | $13.0m | $6.5m | $13.2m |
| Operating income | $1.1m | −$2.4m | $7.3m | −$409,626 | $5.0m | −$506,000 | −$19,000 | $2.6m |
| Net income | $1.8m | −$2.3m | $6.3m | $261,242 | $3.8m | $267,000 | $134,000 | $3.5m |
| Diluted earnings per share | 0.05 | -0.06 | 0.16 | 0.01 | 0.09 | 0.01 | 0.00 | 0.08 |
| Cash from operations | $6.0m | −$1.0m | $2.0m | −$10.0m | $17.0m | −$1.0m | — | −$2.0m |
| Total assets | $51.8m | $47.8m | $76.0m | $71.7m | $58.7m | $47.0m | $47.0m | $39.7m |
| Cash and short-term investments | $32.5m | $27.3m | $42.2m | $34.6m | $30.7m | $14.7m | $14.7m | $17.2m |
| Debt | $280,984 | $547,240 | $716,418 | $987,313 | $201,000 | $102,000 | $80,000 | $73,000 |
| Shareholders' equity | $38.8m | $38.4m | $57.0m | $49.6m | $29.5m | $26.9m | $26.9m | $27.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.7% | 0.4% | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.6% | 11.1% | 11.4% | 14.6% |
| Net margin | 10.8% | 11.0% | 10.4% | 13.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -54.6 | 5.2 | 22.4 | 26.1 | 35.4 | 43.2 | 22.2 |
| Price to sales | 1.1 | 0.9 | 2.8 | 2.6 | 2.5 | 5.2 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 22 years. Last went ex-dividend on 11 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.072 | 0.031 | 0.155 | 0.029 | 0.027 | 0.031 | 0.026 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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