E 
3.15p
0.00%
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
£3.9m
FY2016FY2026
Net income
−£2.0m
FY2016FY2026
Free cash flow
−£2.4m
FY2016FY2026
Shareholders' equity
£12.4m
FY2016FY2026
Income statement
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £3.9m | £4.3m | £3.2m | £1.8m | £1.2m | £1.4m | £1.8m | £2.8m | £1.9m | £391,958 |
| Research and development | — | £298,053 | £291,438 | £348,447 | £225,897 | £315,192 | £231,077 | £183,018 | £290,276 | £225,141 |
| Operating income | −£2.3m | −£2.2m | −£1.9m | −£2.6m | −£3.2m | −£2.2m | −£1.4m | −£497,036 | −£1.4m | −£1.9m |
| Net income | −£2.0m | −£1.9m | −£6.5m | −£2.2m | −£2.8m | −£2.3m | −£1.1m | −£334,951 | −£639,093 | −£1.8m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £16.3m | £15.4m | £16.6m | £12.9m | £15.0m | £16.9m | £8.9m | £9.2m | £10.6m | £7.8m |
| Cash and short-term investments | £1.5m | £3.7m | £7.4m | £2.0m | £3.8m | £7.3m | £501,984 | £2.5m | £3.7m | £1.5m |
| Total liabilities | £3.9m | £3.6m | £3.0m | £2.2m | £2.2m | £2.0m | £1.5m | £942,866 | £2.1m | £1.0m |
| Debt | £671,913 | £168,732 | £229,769 | £355,323 | £398,352 | £415,248 | £69,499 | — | — | — |
| Shareholders' equity | £12.4m | £11.8m | £13.5m | £10.7m | £12.8m | £14.9m | £7.3m | £8.3m | £8.5m | £6.8m |
| Shares outstanding | 541m | 533m | 461m | 381m | 380m | 380m | 208m | 209m | 207m | 178m |
Cash flow
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.4m | −£1.0m | −£1.7m | −£683,095 | −£1.6m | −£1.0m | −£1.0m | −£701,678 | £230,041 | −£805,789 |
| Capital spending | −£7,364 | −£2.6m | −£102,391 | −£1.1m | −£1.7m | −£1.9m | −£913,850 | −£512,618 | −£472,079 | −£237,985 |
| Free cash flow | −£2.4m | −£3.6m | −£1.8m | −£1.7m | −£3.3m | −£2.9m | −£1.9m | −£1.2m | −£242,038 | −£1.0m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.2m | £2.4m | £1.9m | £2.0m | £1.1m | £787,135 | £1.0m | £443,286 |
| Operating income | −£1.7m | −£852,148 | −£1.3m | −£664,544 | −£1.2m | −£1.3m | −£1.3m | −£1.5m |
| Net income | −£1.4m | −£990,463 | −£916,128 | −£607,055 | −£5.9m | −£1.2m | −£997,630 | −£1.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | −£1.0m | — | −£1.0m | — | −£1.0m | −£1.0m |
| Total assets | £13.5m | £15.4m | £15.0m | £16.6m | £7.1m | £12.9m | £14.0m | £15.0m |
| Cash and short-term investments | £1.8m | £3.7m | £4.9m | £7.4m | £492,766 | £2.0m | £1.9m | £3.8m |
| Debt | £126,741 | £109,039 | £139,773 | £142,849 | £138,808 | £139,547 | £114,478 | £99,924 |
| Shareholders' equity | £10.6m | £11.8m | £12.7m | £13.5m | £5.0m | £10.7m | £12.0m | £12.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 28.6% | 23.2% | 16.0% |
| Operating income | -3.8% | 0.4% | 7.2% |
| Net income | -4.4% | -2.9% | 5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -54.7% | -67.5% | -90.9% | -87.4% |
| Net margin | -47.2% | -95.4% | -111.7% | -96.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.8 | -11.1 | -4.1 | -8.1 | -10.4 | -19.3 | -16.3 | -78.0 | -27.5 | -11.2 |
| Price to sales | 4.5 | 4.9 | 8.3 | 9.9 | 23.5 | 31.9 | 10.2 | 9.4 | 9.3 | 52.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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