C 
54.50p
0.00%
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
£21.9m
FY2017FY2026
Net income
£728,000
FY2017FY2026
Free cash flow
£5.7m
FY2017FY2026
Shareholders' equity
£27.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £21.9m | £18.4m | £16.3m | £27.4m | £22.0m | £18.0m | £13.7m | £10.5m | £8.5m | £95,442 |
| Research and development | — | £4.3m | £3.8m | £3.3m | £2.9m | £2.5m | £2.0m | £1.6m | £3.0m | £27,706 |
| Operating income | £87,000 | £437,000 | −£617,000 | £6.5m | £5.3m | £3.4m | £3.3m | £2.9m | −£387,954 | £9,338 |
| Net income | £728,000 | £337,000 | £40,000 | £5.9m | £4.5m | £3.5m | £2.3m | £2.1m | −£456,717 | £7,200 |
| Diluted earnings per share | 0.01 | 0.00 | 0.00 | 0.07 | 0.05 | 0.04 | 0.03 | 0.03 | -0.01 | 0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £41.8m | £38.5m | £37.0m | £38.8m | £31.1m | £24.3m | £15.1m | £11.7m | £9.7m | £71,100 |
| Cash and short-term investments | £9.3m | £10.9m | £11.9m | £19.1m | £15.4m | £12.7m | £3.7m | £1.9m | £784,450 | £3,549 |
| Total liabilities | £14.7m | £11.0m | £9.7m | £11.4m | £9.3m | £7.1m | £8.1m | £7.0m | £7.2m | £39,548 |
| Debt | £928,000 | £1.2m | £415,000 | £691,000 | £857,000 | £566,000 | £3.0m | £2.7m | £3.0m | £17,705 |
| Shareholders' equity | £27.1m | £27.4m | £27.3m | £27.4m | £21.8m | £17.2m | £7.0m | £4.7m | £2.5m | £31,552 |
| Shares outstanding | 89m | 88m | 88m | 88m | 93m | 90m | 88m | 75m | 89m | 89m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £5.8m | £4.6m | −£784,000 | £11.1m | £7.3m | £9.0m | £5.5m | £4.5m | £2.0m | £35,276 |
| Capital spending | −£104,000 | −£4.9m | −£5.7m | −£4.7m | −£4.2m | −£3.3m | −£30,000 | −£2.9m | −£5,057 | −£222 |
| Free cash flow | £5.7m | −£309,000 | −£6.5m | £6.4m | £3.1m | £5.7m | £5.5m | £1.6m | £2.0m | £35,054 |
| Dividends paid | −£818,000 | −£814,000 | −£814,000 | −£761,000 | −£245,000 | −£245,000 | −£245,000 | −£245,000 | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £13.8m | £8.0m | £11.0m | £7.4m | £8.4m | £7.8m | £14.7m | £7.4m |
| Operating income | £1.5m | −£1.5m | £1.9m | −£1.5m | £899,000 | −£869,000 | £3.5m | £2.4m |
| Net income | £1.4m | −£704,000 | £1.3m | −£990,000 | £416,000 | −£376,000 | £3.5m | £1.7m |
| Diluted earnings per share | 0.02 | -0.01 | 0.02 | -0.01 | 0.00 | -0.00 | 0.04 | 0.02 |
| Cash from operations | £2.0m | £2.0m | £4.0m | — | £1.0m | −£2.0m | £6.0m | £3.0m |
| Capital spending | — | −£2.0m | −£2.0m | −£2.0m | −£3.0m | −£2.0m | −£2.0m | — |
| Free cash flow | — | £0 | £2.0m | — | −£2.0m | −£4.0m | £4.0m | — |
| Total assets | £41.8m | £36.0m | £38.5m | £34.2m | £37.0m | £36.7m | £38.8m | £38.8m |
| Cash and short-term investments | £9.3m | £10.3m | £10.9m | £8.6m | £11.9m | £13.5m | £19.1m | £19.1m |
| Debt | £301,000 | £261,000 | £289,000 | £127,000 | £220,000 | £271,000 | £260,000 | — |
| Shareholders' equity | £27.1m | £26.6m | £27.4m | £26.2m | £27.3m | £26.9m | £27.4m | £19.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.3% | 4.0% | 9.9% |
| Operating income | -76.2% | -52.0% | -22.1% |
| Net income | -50.2% | -26.8% | -1.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.3% | 7.6% | 12.2% | 13.3% |
| Net margin | 2.6% | 8.4% | 12.1% | 12.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 68.4 | 117.3 | — | 9.3 | 34.4 | 31.6 | 48.4 |
| Price to sales | 2.3 | 2.1 | 3.7 | 2.0 | 7.1 | 6.1 | 8.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 27 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.009 | 0.009 | 0.009 | 0.009 | 0.003 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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