D 
17.50p
-6.91%
Close of 9 Nov 2026, in pence
Search any instrument
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
£4.2m
FY2016FY2025
Net income
−£298,000
FY2016FY2025
Free cash flow
£922,000
FY2016FY2025
Shareholders' equity
£3.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.2m | £4.9m | £5.6m | £5.7m | £5.6m | £6.3m | £8.0m | £8.7m | £9.7m | £10.0m |
| Research and development | — | £968,000 | £995,000 | £980,000 | £946,000 | £1.6m | £1.3m | £1.1m | £1.0m | £1.6m |
| Operating income | £39,000 | £177,000 | £51,000 | −£319,000 | −£199,000 | −£821,000 | −£512,000 | −£414,000 | £80,000 | £432,000 |
| Net income | −£298,000 | £40,000 | £3,000 | −£183,000 | £4,000 | −£663,000 | −£842,000 | −£260,000 | £57,000 | £526,000 |
| Diluted earnings per share | -0.01 | 0.00 | 0.00 | -0.01 | 0.00 | -0.03 | -0.04 | -0.01 | 0.00 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.1m | £6.7m | £6.8m | £8.0m | £8.6m | £9.8m | £10.7m | £10.8m | £11.5m | £12.6m |
| Cash and short-term investments | — | — | — | £433,000 | £764,000 | £1.3m | £690,000 | £725,000 | £1.4m | £1.5m |
| Total liabilities | £3.1m | £3.4m | £3.6m | £4.8m | £5.2m | £6.5m | £6.7m | £6.0m | £6.3m | £5.7m |
| Debt | £1.4m | £1.4m | £1.2m | £2.0m | £2.4m | £3.0m | £1.9m | £418,000 | £391,000 | £158,000 |
| Shareholders' equity | £3.0m | £3.3m | £3.2m | £3.2m | £3.4m | £3.4m | £4.0m | £4.8m | £5.2m | £6.9m |
| Shares outstanding | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £927,000 | £959,000 | £1.1m | £1.1m | £1.2m | £621,000 | £451,000 | £1.1m | £1.9m | £2.1m |
| Capital spending | −£5,000 | −£8,000 | −£972,000 | −£1.0m | −£1.0m | −£971,000 | −£1.1m | −£55,000 | −£55,000 | −£70,000 |
| Free cash flow | £922,000 | £951,000 | £91,000 | £33,000 | £143,000 | −£350,000 | −£648,000 | £1.1m | £1.8m | £2.1m |
| Dividends paid | — | — | — | — | — | — | — | −£98,000 | −£551,000 | −£811,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.9m | £2.0m | £2.2m | £2.4m | £2.5m | £2.8m | £2.8m | £2.9m |
| Operating income | −£320,000 | −£13,000 | £52,000 | £100,000 | £65,000 | −£35,000 | £86,000 | −£108,000 |
| Net income | −£382,000 | −£278,000 | −£20,000 | £49,000 | −£9,000 | −£5,000 | £8,000 | — |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | — |
| Total assets | £6.5m | £6.1m | £6.5m | £6.7m | £6.8m | £6.8m | £7.8m | £8.0m |
| Cash and short-term investments | £436,000 | — | — | — | — | — | £249,000 | £433,000 |
| Debt | £33,000 | £1.2m | £1.2m | £1.3m | £1.4m | £1.2m | £1.4m | £1.5m |
| Shareholders' equity | £4.0m | £3.0m | £3.3m | £3.3m | £3.2m | £3.2m | £3.2m | £3.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.7% | -7.9% | -7.8% |
| Operating income | — | — | -28.0% |
| Net income | 17.6% | -14.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.4% | -0.3% | -3.3% | -0.6% |
| Net margin | -2.8% | -2.1% | -3.4% | -0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.8 | 37.0 | — | -15.6 | — | -4.8 | -5.7 | -35.9 | 226.2 | 37.1 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.5 | 0.7 | 0.5 | 0.6 | 1.1 | 1.3 | 2.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.028 | 0.041 | 0.045 | 0.043 | 0.042 | 0.039 | 0.039 |
- 3-for-1 split · 14 Jun 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.