D 
54.60p
-1.09%
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
£83.9m
FY2016FY2025
Net income
£11.2m
FY2016FY2025
Free cash flow
£23.7m
FY2016FY2025
Shareholders' equity
£103.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £83.9m | £79.0m | £69.2m | £62.8m | £58.1m | £47.4m | £42.5m | £36.9m | £32.0m | £26.9m |
| Research and development | — | £8.5m | £6.5m | £6.1m | £4.7m | £3.7m | £2.9m | £1.9m | £1.5m | £1.3m |
| Operating income | £14.5m | £11.9m | £14.2m | £13.6m | £12.9m | £12.2m | £11.0m | £8.7m | £8.1m | £6.2m |
| Net income | £11.2m | £11.1m | £12.6m | £11.8m | £10.6m | £10.6m | £8.5m | £8.6m | £7.1m | £5.4m |
| Diluted earnings per share | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £142.0m | £123.6m | £100.2m | £87.8m | £75.1m | £67.4m | £54.0m | £48.5m | £34.4m | £29.0m |
| Cash and short-term investments | £36.2m | £42.2m | £52.7m | £43.9m | £32.0m | £25.4m | £19.3m | £15.0m | £20.4m | £17.3m |
| Total liabilities | £38.9m | £28.4m | £19.9m | £18.0m | £14.1m | £16.3m | £12.5m | £11.9m | £5.8m | £5.2m |
| Debt | £1.8m | £3.1m | £2.1m | £2.6m | £3.4m | £4.5m | £5,000 | £5,000 | — | — |
| Shareholders' equity | £103.1m | £95.2m | £80.3m | £69.8m | £61.0m | £51.1m | £41.5m | £36.6m | £28.6m | £23.7m |
| Shares outstanding | 306m | 316m | 309m | 305m | 304m | 303m | 300m | 302m | 298m | 296m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £24.0m | £21.1m | £20.8m | £23.4m | £17.0m | £15.8m | £12.3m | £10.2m | £8.1m | £7.7m |
| Capital spending | −£315,000 | −£195,000 | −£9.1m | −£8.2m | −£7.0m | −£6.8m | −£456,000 | −£475,000 | −£375,000 | −£502,000 |
| Free cash flow | £23.7m | £20.9m | £11.7m | £15.3m | £10.0m | £9.0m | £11.8m | £9.7m | £7.8m | £7.2m |
| Dividends paid | −£3.4m | −£3.1m | −£2.9m | −£2.6m | −£2.5m | −£2.0m | −£1.9m | −£1.6m | −£2.5m | −£1.1m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £44.2m | £41.6m | £42.4m | £40.2m | £38.7m | £35.4m | £17.7m | £33.8m |
| Operating income | £6.2m | £6.9m | £7.6m | £6.1m | £6.8m | £6.4m | £3.2m | £7.3m |
| Net income | £4.3m | £4.9m | £6.3m | £5.0m | £6.0m | £6.1m | £3.1m | £6.5m |
| Diluted earnings per share | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Cash from operations | £7.0m | £14.0m | £8.0m | £14.0m | £7.0m | £11.0m | — | £10.0m |
| Capital spending | — | — | — | — | — | −£4.0m | — | −£4.0m |
| Free cash flow | — | — | — | — | — | £7.0m | — | £6.0m |
| Total assets | £140.1m | £142.0m | £127.0m | £123.6m | £115.9m | £100.2m | £100.2m | £93.8m |
| Cash and short-term investments | £36.1m | £36.2m | £45.7m | £42.2m | £37.1m | £52.7m | £52.7m | £49.6m |
| Debt | £557,000 | £531,000 | £453,000 | £746,000 | £634,000 | £823,000 | £1.3m | £832,000 |
| Shareholders' equity | £106.5m | £103.1m | £102.0m | £95.2m | £92.4m | £80.3m | £80.3m | £76.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.1% | 12.1% | 14.7% |
| Operating income | 2.1% | 3.4% | 10.8% |
| Net income | -1.8% | 1.1% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.2% | 18.4% | 19.8% | 21.2% |
| Net margin | 13.7% | 15.8% | 17.0% | 18.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.4 | 24.8 | 24.3 | 21.3 | 25.9 | 20.9 | 15.4 | 12.5 | 19.9 | 14.5 |
| Price to sales | 2.5 | 3.5 | 4.4 | 4.0 | 4.7 | 4.7 | 3.1 | 2.9 | 4.4 | 2.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 8 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.011 | 0.01 | 0.01 | 0.017 | 0.008 | 0.007 | 0.006 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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