E 
5.50p
+4.76%
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
£11.8m
FY2016FY2025
Net income
−£1.7m
FY2016FY2025
Free cash flow
−£2.4m
FY2016FY2025
Shareholders' equity
£3.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £11.8m | £2.6m | £606,260 | £417,457 | £107,632 | £21,521 | — | — | — | — |
| Gross profit | £2.8m | £348,000 | −£257,811 | −£191,608 | −£561,122 | −£276,546 | −£70,742 | −£6,081 | −£947 | — |
| Research and development | — | — | — | £142,555 | £81,847 | £134,496 | £95,833 | £55,486 | — | — |
| Operating income | −£1.3m | −£2.8m | −£1.5m | −£1.9m | −£2.0m | −£2.3m | −£1.6m | −£1.7m | −£776,940 | −£20,000 |
| Net income | −£1.7m | −£2.8m | −£2.1m | −£1.8m | −£988,479 | −£2.2m | −£1.9m | −£2.4m | −£1.8m | −£150,000 |
| Diluted earnings per share | -0.01 | -0.03 | -0.38 | -0.41 | -0.29 | -0.73 | -0.88 | -1.19 | -1.26 | — |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £9.0m | £8.9m | £1.0m | £2.3m | £2.7m | £3.6m | £1.5m | £1.6m | £2.9m | £380,000 |
| Cash and short-term investments | £1.1m | £1.4m | £53,918 | £842,632 | £237,613 | £1.7m | £107,243 | £683,885 | £1.2m | £20,000 |
| Total liabilities | £5.3m | £5.0m | £1.1m | £629,983 | £848,717 | £850,293 | £1.9m | £1.8m | £402,173 | £520,000 |
| Debt | £2.3m | £1.6m | £830,810 | £339,988 | £437,504 | £264,934 | £930,999 | £1.2m | £105,318 | — |
| Shareholders' equity | £3.8m | £4.0m | −£97,770 | £1.7m | £2.0m | £2.9m | −£335,161 | £131,480 | £2.5m | −£150,000 |
| Shares outstanding | 119m | 102m | 6m | 4m | 3m | 3m | 2m | 2m | 1m | 188m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.3m | −£3.1m | −£1.3m | −£1.1m | −£1.7m | −£2.8m | −£1.3m | −£1.7m | −£1.6m | £20,000 |
| Capital spending | −£78,000 | −£64,000 | −£2,039 | −£19,540 | −£7,000 | −£33,215 | −£156,399 | −£137,018 | −£78,634 | — |
| Free cash flow | −£2.4m | −£3.1m | −£1.3m | −£1.1m | −£1.7m | −£2.8m | −£1.5m | −£1.8m | −£1.7m | £20,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.4m | £7.0m | £4.7m | £2.6m | — | — | £351,302 | £175,651 |
| Gross profit | £1.9m | £1.6m | £1.2m | £234,876 | −£876 | — | −£312,154 | −£96,768 |
| Operating income | −£1.8m | −£1.1m | −£245,000 | −£1.9m | −£454,927 | −£454,927 | −£528,850 | −£264,423 |
| Net income | −£2.0m | −£1.4m | −£360,000 | −£1.8m | −£521,000 | −£453,856 | −£1.1m | −£558,995 |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | -0.02 | -0.01 | -0.00 | -0.20 | -0.10 |
| Cash from operations | −£1.0m | −£1.0m | — | −£2.0m | — | — | — | — |
| Total assets | £15.4m | £9.0m | £9.1m | £8.9m | £3.3m | £3.3m | £1.0m | £1.0m |
| Cash and short-term investments | £1.6m | £1.1m | £1.2m | £1.4m | £3.1m | £3.1m | £53,918 | £53,918 |
| Debt | £1.4m | £2.1m | £1.2m | £1.5m | — | — | £428,467 | £214,467 |
| Shareholders' equity | £6.6m | £3.8m | £4.6m | £4.0m | £2.9m | £2.9m | −£97,770 | −£97,770 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 204.5% | 252.9% | — |
| Operating income | -10.2% | -9.9% | — |
| Net income | -1.4% | -4.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.7% | 17.4% | 11.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -2.0 | -0.4 | -1.3 | -5.3 | -7.2 | -2.4 | -2.5 | -4.0 |
| Price to sales | 0.5 | 2.2 | 1.2 | 5.8 | 49.2 | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 8 Apr 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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