E 
9.50p
+4.05%
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
£69.5m
FY2015FY2024
Net income
−£3.6m
FY2015FY2024
Free cash flow
−£269,000
FY2015FY2024
Shareholders' equity
£35.4m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £69.5m | £72.8m | £67.8m | £55.6m | £49.5m | £59.3m | £60.6m | £64.2m | £83.6m | £43.3m |
| Gross profit | — | — | — | £30.4m | £24.7m | £31.9m | £31.8m | £31.6m | £45.3m | £20.8m |
| Research and development | — | — | £1.1m | — | — | — | — | — | — | — |
| Operating income | £5.2m | £8.0m | £5.9m | £3.2m | £450,000 | £4.3m | £4.9m | £7.2m | £10.5m | −£1.8m |
| Net income | −£3.6m | −£4.2m | −£7.5m | −£7.0m | −£3.7m | −£8.6m | −£5.8m | £2.1m | £4.2m | −£6.2m |
| Diluted earnings per share | -0.03 | -0.03 | -0.07 | -0.09 | -0.05 | -0.10 | -0.06 | 0.01 | 0.05 | -0.08 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £86.8m | £95.1m | £109.2m | £76.8m | £79.9m | £82.1m | £111.3m | £113.0m | £110.9m | £106.7m |
| Cash and short-term investments | £9.1m | £10.0m | £12.4m | £13.1m | £11.1m | £8.2m | £8.8m | £4.7m | £6.7m | £8.8m |
| Total liabilities | £51.4m | £53.8m | £73.2m | £54.0m | £49.6m | £45.4m | £64.8m | £61.1m | £59.6m | £65.1m |
| Debt | £27.4m | £26.2m | £27.2m | £24.3m | £27.8m | £23.5m | £36.3m | £33.6m | £34.7m | £37.4m |
| Shareholders' equity | £35.4m | £41.3m | £36.0m | £22.7m | £30.3m | £36.7m | £46.5m | £51.9m | £51.3m | £41.6m |
| Shares outstanding | 137m | 129m | 109m | 83m | 82m | 79m | 79m | 80m | 80m | 77m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.7m | £1.8m | £1.2m | £8.7m | £3.0m | £3.6m | £4.6m | £4.8m | £9.5m | £3.5m |
| Capital spending | −£2.0m | −£1.9m | −£449,000 | −£1.1m | −£1.3m | −£3.2m | −£1.8m | −£2.2m | −£2.4m | −£1.3m |
| Free cash flow | −£269,000 | −£194,000 | £724,000 | £7.6m | £1.7m | £359,000 | £2.8m | £2.6m | £7.2m | £2.2m |
| Dividends paid | — | — | — | — | — | −£534,000 | −£527,000 | −£474,000 | −£292,000 | −£291,000 |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £34.6m | £35.3m | £34.2m | £35.9m | £36.9m | £20.3m | £34.6m | £19.4m |
| Gross profit | — | — | — | — | — | £6.2m | — | £1.4m |
| Operating income | £1.6m | £3.2m | −£129,000 | −£2.6m | £2.4m | £1.5m | £1.6m | −£5.2m |
| Net income | −£9.9m | −£2.5m | −£1.2m | −£4.9m | £701,000 | £288,000 | −£4.2m | −£2.1m |
| Diluted earnings per share | -0.07 | -0.02 | -0.01 | -0.04 | 0.00 | 0.00 | -0.03 | -0.02 |
| Total assets | £73.6m | £86.8m | £89.9m | £95.1m | £99.6m | £99.6m | £109.2m | £109.2m |
| Cash and short-term investments | £9.9m | £9.1m | £6.6m | £10.0m | £9.8m | £9.8m | £12.4m | £12.4m |
| Debt | £26.0m | £26.4m | £24.8m | £24.6m | £27.9m | £27.9m | £25.9m | £25.9m |
| Shareholders' equity | £27.1m | £35.4m | £39.6m | £41.3m | £45.2m | £45.5m | £36.0m | £34.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.7% | 3.2% | -0.6% |
| Operating income | 17.1% | 3.8% | -4.7% |
| Net income | -19.7% | -15.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.3% | 8.4% | 7.2% | 8.0% |
| Net margin | -5.5% | -8.4% | -9.2% | -5.3% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -7.5 | -10.1 | -7.2 | -5.9 | -4.4 | -3.4 | -8.8 | 41.5 | 18.7 | -17.3 |
| Price to sales | 0.4 | 0.6 | 0.8 | 0.7 | 0.3 | 0.5 | 0.8 | 1.3 | 0.9 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 May 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|
| Paid in the year | 0.007 | 0.007 | 0.007 | 0.004 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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