E 
81.00p
-2.99%
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
£87.5m
FY2017FY2026
Net income
£2.2m
FY2017FY2026
Free cash flow
£7.5m
FY2017FY2026
Shareholders' equity
£87.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £87.5m | £79.6m | £89.4m | £85.3m | £82.2m | £105.6m | £72.1m | £67.3m | £67.2m | £61.4m |
| Gross profit | £42.5m | £35.9m | £37.7m | £36.8m | £33.7m | £51.5m | £32.4m | £31.8m | £32.2m | £30.3m |
| Research and development | £5.3m | £4.0m | £4.2m | £5.9m | £8.8m | £8.1m | £8.8m | £5.9m | £81,000 | £36,000 |
| Operating income | £5.4m | £4.3m | £3.5m | £5.1m | £4.5m | £16.9m | £6.5m | £10.1m | £14.1m | £12.9m |
| Net income | £2.2m | £1.7m | £1.0m | £1.0m | −£686,000 | £7.3m | £3.9m | £7.3m | £9.3m | £10.6m |
| Diluted earnings per share | 0.03 | 0.02 | 0.02 | 0.01 | -0.01 | 0.11 | 0.06 | 0.11 | 0.14 | 0.16 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £118.6m | £120.6m | £123.3m | £121.3m | £113.6m | £116.9m | £100.0m | £106.1m | £117.2m | £113.8m |
| Cash and short-term investments | £25.4m | £25.0m | £22.4m | £21.7m | £14.3m | £19.5m | £11.9m | £16.9m | £21.3m | £20.6m |
| Total liabilities | £23.1m | £25.8m | £29.9m | £25.8m | £19.3m | £21.6m | £19.5m | £16.5m | £12.3m | £15.6m |
| Debt | £4.9m | £3.8m | £4.0m | £4.5m | £1.9m | £1.5m | £3.8m | £1.8m | — | — |
| Shareholders' equity | £87.1m | £85.5m | £83.7m | £83.3m | £82.1m | £81.9m | £74.7m | £84.5m | £99.7m | £93.8m |
| Shares outstanding | 69m | 68m | 68m | 68m | 68m | 68m | 70m | 68m | 68m | 66m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.7m | £10.4m | £9.4m | £15.9m | −£548,000 | £12.0m | £4.4m | £6.3m | £14.1m | £11.8m |
| Capital spending | −£192,000 | −£5.0m | −£4.6m | −£6.0m | −£2.9m | −£1.1m | −£2.9m | −£566,000 | −£324,000 | −£265,000 |
| Free cash flow | £7.5m | £5.4m | £4.8m | £9.9m | −£3.4m | £10.9m | £1.5m | £5.7m | £13.7m | £11.5m |
| Dividends paid | −£2.5m | −£1.1m | −£2.8m | −£1.8m | −£2.9m | −£562,000 | −£8.4m | −£10.1m | −£6.0m | −£4.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £48.1m | £39.4m | £46.4m | £33.2m | £51.4m | £38.0m | £19.0m | £50.5m |
| Gross profit | £22.9m | £19.6m | £22.6m | £13.4m | £22.2m | £15.5m | £7.8m | £22.6m |
| Operating income | £4.5m | £1.0m | £5.6m | −£1.3m | £4.1m | −£612,000 | −£375,000 | £3.8m |
| Net income | £2.6m | −£363,000 | £3.4m | −£1.7m | £2.4m | −£1.3m | −£603,000 | −£317,000 |
| Diluted earnings per share | 0.04 | -0.01 | 0.05 | -0.03 | 0.03 | -0.02 | -0.01 | -0.00 |
| Cash from operations | £8.0m | −£1.0m | £10.0m | — | £4.0m | £4.0m | — | £14.0m |
| Capital spending | — | — | — | — | — | — | — | −£2.0m |
| Free cash flow | — | — | — | — | — | — | — | £12.0m |
| Total assets | £118.6m | £114.0m | £120.6m | £111.7m | £123.3m | £115.3m | £115.3m | £121.3m |
| Cash and short-term investments | £25.4m | £18.6m | £25.0m | £18.3m | £22.4m | £20.6m | £20.6m | £21.7m |
| Debt | £760,000 | £754,000 | £621,000 | £574,000 | £646,000 | £934,000 | £3.2m | £884,000 |
| Shareholders' equity | £87.1m | £84.8m | £85.5m | £82.2m | £83.7m | £81.5m | £90.6m | £83.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.9% | -3.7% | 6.4% |
| Operating income | 2.2% | -20.4% | -3.2% |
| Net income | 29.5% | -21.5% | -9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.9% | 44.7% | 45.0% | 45.7% |
| Operating margin | 5.8% | 5.4% | 7.5% | 10.7% |
| Net margin | 2.3% | 1.7% | 2.4% | 5.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.0 | 42.0 | 45.9 | 72.9 | -100.2 | 14.8 | 44.7 | 19.4 | 29.8 | 37.5 |
| Price to sales | 0.8 | 0.9 | 0.5 | 0.9 | 0.8 | 1.0 | 2.4 | 2.1 | 4.1 | 6.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Sept 2021.
| FY2022 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.07 | 0.135 | 0.078 | 0.063 | 0.054 | 0.066 | 0.044 |
- 6-for-2 split · 18 Oct 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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