C 
8.50p
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
£231,000
FY2016FY2025
Net income
−£1.9m
FY2016FY2025
Free cash flow
−£2.0m
FY2016FY2025
Shareholders' equity
£1.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £231,000 | £19,977 | £56,880 | — | — | — | — | — | — | — |
| Research and development | £907,999 | £134,247 | £40,793 | — | — | — | — | — | — | — |
| Operating income | −£2.1m | −£465,069 | −£2.1m | −£1.7m | −£1.8m | −£3.1m | −£1.6m | −£2.2m | −£1.9m | −£3.8m |
| Net income | −£1.9m | −£485,047 | −£247,744 | −£1.8m | −£1.5m | −£2.8m | −£1.8m | −£3.1m | −£1.2m | −£5.2m |
| Diluted earnings per share | -0.05 | -0.01 | -0.03 | -0.21 | -0.18 | -0.33 | -0.37 | -0.77 | -0.31 | -1.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.8m | £1.8m | £160,528 | £23.9m | £23.5m | £32.4m | £21.3m | £26.2m | £29.1m | £29.4m |
| Cash and short-term investments | £1.1m | £1.3m | £1,264 | £2.9m | £3.7m | £2.8m | £385,087 | £1.3m | £2.6m | £8.2m |
| Total liabilities | £381,000 | £341,000 | £920,193 | £765,649 | £849,420 | £1.1m | £852,236 | £2.8m | £944,000 | £3.9m |
| Debt | — | — | £496,751 | — | — | — | — | £1.7m | — | — |
| Shareholders' equity | £1.4m | £1.5m | £4.1m | £23.1m | £22.7m | £31.4m | £20.5m | £23.6m | £28.4m | £25.7m |
| Shares outstanding | 41m | 33m | 9m | 9m | 9m | 9m | 5m | 4m | 4m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.0m | −£933,000 | −£2.8m | −£2.6m | −£1.4m | −£2.3m | −£1.9m | −£2.5m | −£2.7m | −£2.0m |
| Capital spending | −£31,000 | −£28,000 | −£12,000 | −£200,084 | −£321,076 | −£439,815 | −£392,713 | −£1.9m | −£3.9m | −£4.1m |
| Free cash flow | −£2.0m | −£961,000 | −£2.8m | −£2.8m | −£1.7m | −£2.7m | −£2.3m | −£4.4m | −£6.6m | −£6.1m |
| Dividends paid | — | −£47,000 | −£31.4m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | £17,696 | — |
| Operating income | −£1.5m | −£1.2m | −£914,468 | −£605,000 | −£300,000 | −£1,255 | −£292,540 | £982 |
| Net income | −£1.4m | −£973,000 | −£936,624 | −£594,000 | −£12,999 | −£8,158 | −£77,104 | £982 |
| Diluted earnings per share | -0.03 | -0.02 | -0.02 | -0.02 | -0.00 | -0.00 | -0.01 | 0.00 |
| Cash from operations | −£1.0m | −£1.0m | — | — | — | — | — | — |
| Total assets | £2.9m | £1.8m | £1.7m | £1.8m | £2.4m | — | £4.8m | — |
| Cash and short-term investments | £2.3m | £1.1m | £351,486 | £1.3m | £1.9m | — | £4.4m | — |
| Debt | — | — | — | — | — | — | £112,494 | — |
| Shareholders' equity | £2.6m | £1.4m | £1.3m | £1.5m | £2.1m | — | £4.1m | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 8.0% | -7.3% | -6.1% |
| Net income | 1.1% | -7.6% | 10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1025.6% | — | — | — |
| Net margin | -951.5% | — | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | -4.1 | -2.8 | -4.1 | -5.3 | -2.7 | -3.0 | -3.0 | -12.7 | -3.6 |
| Price to sales | 17.8 | 98.5 | 12.1 | — | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jun 2023.
| FY2023 | |
|---|---|
| Paid in the year | 2.88 |
- 160-to-1 reverse split · 31 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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