C 
420.00p
+0.48%
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
$135.8m
FY2016FY2025
Net income
$19.0m
FY2016FY2025
Free cash flow
$60.4m
FY2016FY2025
Shareholders' equity
$373.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $135.8m | $177.9m | $255.1m | $229.6m | $57.1m | $400,000 | $533.4m | $410.3m | $33.3m | — |
| Operating income | $16.3m | $30.1m | −$87.4m | −$146.0m | $876.8m | −$150.5m | $154.9m | −$129.0m | −$105.2m | −$148.2m |
| Net income | $19.0m | $10.6m | −$144.0m | −$67.1m | $894.5m | −$393.8m | $93.6m | −$1.14bn | $217.8m | −$95.0m |
| Diluted earnings per share | 0.27 | 0.14 | -3.61 | -0.88 | 6.98 | -3.24 | 0.76 | -9.37 | 1.75 | -0.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $513.2m | $619.7m | $667.6m | $1.53bn | $2.25bn | $1.64bn | $2.09bn | $2.00bn | $3.26bn | $2.46bn |
| Cash and short-term investments | $132.7m | $123.4m | $189.5m | $891.2m | $400.7m | $574.8m | $151.6m | $73.2m | $86.5m | $334.9m |
| Total liabilities | $139.8m | $270.4m | $261.1m | $341.4m | $447.8m | $509.7m | $633.5m | $611.4m | $761.0m | $268.1m |
| Debt | $46.0m | $105.4m | $119.2m | $162.9m | $180.7m | $240.0m | $282.9m | $267.1m | $199.5m | — |
| Shareholders' equity | $373.4m | $349.3m | $406.5m | $1.12bn | $1.80bn | $1.13bn | $1.46bn | $1.39bn | $2.49bn | $2.19bn |
| Shares outstanding | 71m | 78m | 40m | 76m | 128m | 122m | 123m | 121m | 124m | 120m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $149.9m | $86.1m | −$39.9m | $63.5m | $179.9m | $257.9m | $406.5m | $209.0m | $29.4m | −$20.6m |
| Capital spending | −$89.5m | −$41.6m | −$60.9m | −$73.9m | −$89.4m | −$400.8m | −$80.5m | −$112.4m | −$153.5m | −$129.7m |
| Free cash flow | $60.4m | $44.5m | −$100.8m | −$10.4m | $90.5m | −$142.9m | $326.0m | $96.6m | −$124.1m | −$150.3m |
| Dividends paid | — | −$50.1m | −$542.1m | −$567.9m | −$257.2m | −$72.0m | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.5m | $75.6m | $59.7m | $97.1m | $80.8m | $102.2m | $98.8m | $92.2m |
| Operating income | $54.8m | $18.0m | −$2.0m | $3.2m | $26.9m | −$57.1m | −$60.1m | −$123.3m |
| Net income | $24.0m | $25.6m | −$6.5m | $8.8m | $1.8m | −$79.0m | −$51.4m | −$96.3m |
| Diluted earnings per share | 0.33 | 0.36 | -0.09 | 0.11 | 0.02 | -1.98 | -1.29 | -1.27 |
| Cash from operations | $65.0m | $125.0m | $20.0m | $23.0m | $62.0m | −$24.0m | −$15.0m | $15.0m |
| Capital spending | −$51.0m | −$48.0m | −$27.0m | −$25.0m | −$16.0m | −$6.0m | −$37.0m | −$40.0m |
| Free cash flow | $14.0m | $77.0m | −$7.0m | −$2.0m | $46.0m | −$30.0m | −$52.0m | −$25.0m |
| Total assets | $504.0m | $513.2m | $537.2m | $619.7m | $602.7m | $667.6m | $885.3m | $1.53bn |
| Cash and short-term investments | $114.5m | $132.7m | $84.1m | $123.4m | $148.3m | $189.5m | $339.0m | $891.2m |
| Debt | $1.1m | $41.4m | $64.4m | $100.3m | $107.8m | $112.8m | $125.6m | $160.5m |
| Shareholders' equity | $399.0m | $373.4m | $348.6m | $349.3m | $350.2m | $771.8m | $595.8m | $1.21bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -16.1% | 220.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.8% | -23.4% | 63.0% | — |
| Net margin | 9.4% | -22.7% | 37.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 29.3 | -0.8 | -7.2 | 0.7 | -1.9 |
| Price to sales | 1.4 | 1.7 | 0.5 | 2.1 | 10.3 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2024.
| FY2024 | FY2023 | FY2020 | |
|---|---|---|---|
| Paid in the year | 0.548 | 1.117 | 1.533 |
- 79-to-62 reverse split · 24 May 2024
- 3-to-2 reverse split · 6 Oct 2023
- 70-to-33 reverse split · 16 May 2023
- 13-to-11 reverse split · 11 Jan 2021
- 33-to-13 reverse split · 6 Feb 2012
- 10-for-1 split · 22 Dec 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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