E 
24.40p
0.00%
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
£51.6m
FY2016FY2025
Net income
£2.1m
FY2016FY2025
Free cash flow
£8.2m
FY2016FY2025
Shareholders' equity
£69.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £51.6m | £50.2m | £52.6m | £66.6m | £81.8m | £65.3m | £44.9m | £42.5m | £41.6m | £38.6m |
| Gross profit | £26.5m | £21.5m | £23.9m | £24.0m | £39.4m | £37.4m | £23.7m | £22.7m | £22.9m | £18.3m |
| Research and development | £1.4m | £1.3m | £1.8m | £1.5m | £1.4m | £1.4m | £2.3m | £1.6m | £2.2m | £2.0m |
| Operating income | £7.0m | £6.5m | £2.1m | £7.6m | £21.7m | £16.9m | £5.8m | £12.2m | £4.7m | −£327,000 |
| Net income | £2.1m | £6.2m | £2.4m | −£10.1m | £15.9m | £11.1m | £3.7m | £10.1m | £2.7m | −£18,000 |
| Diluted earnings per share | 0.00 | 0.01 | 0.01 | -0.02 | 0.03 | 0.02 | 0.01 | 0.02 | 0.01 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £81.1m | £81.7m | £80.8m | £89.3m | £115.1m | £101.3m | £87.1m | £81.4m | £77.2m | £82.4m |
| Cash and short-term investments | £15.8m | £13.0m | £6.0m | £11.6m | £20.3m | £21.9m | £12.1m | £10.3m | £8.2m | £7.9m |
| Total liabilities | £10.9m | £8.5m | £12.6m | £14.8m | £20.4m | £23.1m | £16.0m | £17.5m | £16.7m | £21.5m |
| Debt | £1.4m | £1.3m | £4.1m | £1.5m | £3.5m | £2.0m | £1.7m | £880,000 | £1.2m | £5.7m |
| Shareholders' equity | £69.0m | £72.3m | £67.1m | £73.3m | £94.1m | £77.6m | £70.6m | £63.5m | £60.0m | £60.5m |
| Shares outstanding | 448m | 454m | 454m | 455m | 464m | 459m | 458m | 458m | 461m | 469m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £9.7m | £13.7m | £6.3m | £9.7m | £10.2m | £13.8m | £5.1m | £8.3m | £9.1m | £8.9m |
| Capital spending | −£1.5m | −£2.2m | −£7.0m | −£5.8m | −£5.6m | −£2.6m | −£2.4m | −£1.9m | −£2.2m | −£1.9m |
| Free cash flow | £8.2m | £11.4m | −£664,000 | £3.9m | £4.6m | £11.2m | £2.7m | £6.5m | £6.8m | £7.0m |
| Dividends paid | — | — | −£5.4m | −£5.5m | −£5.1m | −£4.5m | −£15,000 | −£4.5m | −£4.5m | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £25.0m | £26.3m | £25.2m | £25.0m | £25.2m | £25.7m | £26.9m | £29.2m |
| Gross profit | £13.3m | £13.8m | £12.7m | £12.3m | £12.1m | £12.4m | £12.0m | £13.1m |
| Operating income | £3.5m | £3.3m | £3.5m | £3.4m | £2.9m | £3.7m | £1.1m | £2.7m |
| Net income | £2.3m | £178,000 | £1.9m | £4.2m | £2.1m | £2.7m | −£358,000 | −£12.3m |
| Diluted earnings per share | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | -0.00 | -0.03 |
| Cash from operations | £3.0m | £4.0m | £4.0m | £5.0m | £7.0m | £3.0m | £2.0m | £1.0m |
| Capital spending | — | −£1.0m | — | — | −£1.0m | −£3.0m | −£3.0m | −£2.0m |
| Free cash flow | — | £3.0m | — | — | £6.0m | £0 | −£1.0m | −£1.0m |
| Total assets | £82.3m | £81.1m | £82.4m | £81.7m | £79.3m | £80.8m | £82.3m | £89.3m |
| Cash and short-term investments | £16.0m | £15.8m | £16.6m | £13.0m | £9.8m | £7.7m | £9.2m | £11.6m |
| Debt | £337,000 | £398,000 | £208,000 | £420,000 | £237,000 | £3.5m | £444,000 | £1.0m |
| Shareholders' equity | £70.4m | £69.0m | £71.7m | £72.3m | £68.8m | £67.1m | £64.2m | £73.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.2% | -4.6% | 5.5% |
| Operating income | -2.7% | -16.2% | — |
| Net income | — | -28.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.1% | 43.4% | 46.9% | 48.6% |
| Operating margin | 13.2% | 10.4% | 16.8% | 12.3% |
| Net margin | 8.2% | 0.3% | 7.5% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 55.9 | 19.6 | 61.1 | -22.5 | 21.7 | 29.6 | 42.7 | 12.4 | 44.6 | -4465.3 |
| Price to sales | 2.3 | 2.4 | 2.7 | 3.4 | 4.2 | 5.0 | 3.5 | 2.9 | 2.9 | 2.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Nov 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|
| Paid in the year | 0.012 | 0.012 | 0.011 | 0.01 |
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.