C 
1.55p
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
£7.0m
FY2017FY2026
Net income
−£5.8m
FY2017FY2026
Free cash flow
−£1.4m
FY2017FY2026
Shareholders' equity
£5.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £7.0m | £8.3m | £9.8m | £7.5m | £8.5m | £6.8m | £9.8m | £8.8m | £8.3m | £14.2m |
| Gross profit | £4.3m | £5.0m | £6.0m | £3.2m | £4.7m | £4.0m | £6.3m | £5.6m | £5.5m | £9.2m |
| Research and development | £134,000 | £433,000 | £343,000 | £274,000 | £343,000 | £133,000 | £37,631 | £23,623 | £145,456 | £199,906 |
| Operating income | −£1.0m | −£640,000 | −£535,000 | −£2.8m | −£582,000 | −£488,000 | −£8.0m | −£271,343 | −£1.4m | £694,760 |
| Net income | −£5.8m | £1.6m | −£328,000 | −£3.9m | −£11.3m | −£2.1m | −£6.8m | £974,253 | −£7.3m | £713,261 |
| Diluted earnings per share | -0.02 | 0.01 | -0.00 | -0.02 | -0.05 | -0.01 | -0.04 | 0.01 | -0.06 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £7.4m | £13.8m | £13.9m | £14.4m | £17.8m | £29.5m | £18.8m | £23.5m | £22.9m | £25.8m |
| Cash and short-term investments | £2.6m | £4.9m | £5.4m | £5.1m | £1.6m | £5.8m | — | — | £115,719 | £737,331 |
| Total liabilities | £1.8m | £2.4m | £4.2m | £4.5m | £6.0m | £6.2m | £5.2m | £5.3m | £5.8m | £4.3m |
| Debt | £125,000 | £349,000 | £148,000 | £74,000 | £370,000 | £452,000 | £2.6m | £921,760 | £882,879 | £862,768 |
| Shareholders' equity | £5.7m | £11.4m | £9.7m | £10.0m | £11.8m | £23.4m | £13.6m | £18.2m | £17.1m | £21.5m |
| Shares outstanding | 238m | 238m | 238m | 238m | 225m | 182m | 163m | 129m | 126m | 115m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.1m | £82,999 | £607,000 | −£3.2m | −£3.2m | −£2.4m | £547,607 | £368,819 | −£828,497 | £2.0m |
| Capital spending | −£253,000 | −£224,999 | −£59,000 | −£153,000 | −£1.5m | −£2.8m | −£2.2m | −£2.7m | −£3.3m | −£2.7m |
| Free cash flow | −£1.4m | −£142,000 | £548,000 | −£3.3m | −£4.7m | −£5.2m | −£1.6m | −£2.3m | −£4.1m | −£649,013 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.1m | £3.9m | £4.2m | £4.1m | £4.8m | £4.9m | £4.1m | £3.4m |
| Gross profit | £1.9m | £2.4m | £2.5m | £2.5m | £2.7m | £2.9m | £1.5m | £1.6m |
| Operating income | −£654,000 | −£393,000 | −£497,000 | −£178,000 | −£176,000 | −£443,000 | −£2.1m | −£650,000 |
| Net income | −£5.4m | −£397,000 | £1.8m | −£196,000 | £370,000 | −£698,000 | −£1.8m | −£2.1m |
| Diluted earnings per share | -0.02 | -0.00 | 0.01 | -0.00 | 0.00 | -0.00 | -0.01 | -0.01 |
| Cash from operations | — | — | — | — | £1.0m | — | −£1.0m | −£1.0m |
| Total assets | £7.4m | £12.7m | £13.8m | £13.5m | £13.9m | £13.8m | £14.4m | £17.1m |
| Cash and short-term investments | £2.6m | £3.6m | £4.9m | £4.5m | £5.4m | £4.4m | £5.1m | £2.7m |
| Debt | £100,000 | £162,000 | £223,000 | £76,000 | £123,000 | £134,000 | £55,000 | £100,000 |
| Shareholders' equity | £5.7m | £11.1m | £11.4m | £9.5m | £9.7m | £9.3m | £10.0m | £11.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.6% | 0.5% | -5.8% |
| Operating income | -27.8% | 16.4% | — |
| Net income | 14.7% | 22.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 60.6% | 56.7% | 56.8% | 60.9% |
| Operating margin | -11.0% | -15.3% | -12.6% | -14.2% |
| Net margin | -27.8% | -25.9% | -45.6% | -33.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | 3.0 | -19.9 | -1.5 | -0.8 | -23.6 | -15.4 | 18.8 | -2.2 | 27.1 |
| Price to sales | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 | 7.3 | 10.7 | 2.1 | 1.9 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 31 Aug 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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