E 
231.00p
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
£38.8m
FY2016FY2025
Net income
£1.3m
FY2016FY2025
Free cash flow
£12.1m
FY2016FY2025
Shareholders' equity
£31.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £38.8m | £32.4m | £28.0m | £26.6m | £27.3m | £25.2m | £25.4m | £22.2m | £20.0m | £17.8m |
| Gross profit | £31.6m | £28.9m | £25.2m | £21.9m | £22.9m | £21.0m | £21.3m | £19.5m | £17.6m | £15.4m |
| Research and development | £2.3m | £2.5m | £1.3m | £1.5m | £1.7m | £1.6m | £1.9m | £1.8m | £1.7m | £2.0m |
| Operating income | £5.5m | £4.1m | £3.2m | £2.8m | £5.0m | £4.0m | £4.1m | £3.4m | £2.6m | £1.9m |
| Net income | £1.3m | £3.3m | £2.7m | £2.4m | £2.7m | £3.2m | £2.7m | £1.8m | £1.9m | £1.2m |
| Diluted earnings per share | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £60.0m | £51.8m | £46.0m | £41.6m | £39.2m | £40.6m | £37.5m | £37.4m | £24.5m | £22.0m |
| Cash and short-term investments | £16.3m | £14.0m | £10.9m | £12.1m | £10.1m | £10.7m | £7.2m | £6.0m | £4.7m | £2.6m |
| Total liabilities | £28.4m | £21.6m | £18.6m | £15.7m | £15.4m | £19.1m | £19.5m | £21.9m | £13.0m | £12.3m |
| Debt | £1.2m | £1.5m | £1.5m | £1.7m | £2.0m | £6.9m | £8.4m | £10.5m | £3.7m | £3.9m |
| Shareholders' equity | £31.6m | £30.2m | £27.4m | £25.8m | £23.8m | £21.5m | £17.9m | £15.5m | £11.5m | £9.7m |
| Shares outstanding | 84m | 83m | 84m | 83m | 83m | 82m | 82m | 79m | 76m | 77m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £12.2m | £9.0m | £5.9m | £5.5m | £6.7m | £7.1m | £5.3m | £4.2m | £3.8m | £2.3m |
| Capital spending | −£80,000 | −£3.3m | −£133,000 | −£1.8m | −£2.0m | −£1.7m | −£1.3m | −£123,000 | −£180,000 | −£449,000 |
| Free cash flow | £12.1m | £5.6m | £5.8m | £3.7m | £4.7m | £5.4m | £4.0m | £4.1m | £3.6m | £1.9m |
| Dividends paid | −£868,000 | −£665,000 | −£1.1m | −£493,000 | −£493,000 | −£493,000 | −£275,000 | −£188,000 | −£197,000 | −£111,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £19.9m | £20.5m | £18.4m | £16.1m | £16.3m | £14.5m | £13.5m | £13.1m |
| Gross profit | £15.5m | £16.4m | £16.3m | £14.2m | £14.7m | £13.1m | £11.2m | £10.8m |
| Operating income | £4.4m | £3.5m | £1.9m | £2.3m | £1.8m | £2.1m | £1.4m | £955,000 |
| Net income | £4.1m | −£329,000 | £1.6m | £2.1m | £1.3m | £1.6m | £1.0m | £1.1m |
| Diluted earnings per share | 0.05 | -0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Cash from operations | £5.0m | £7.0m | £5.0m | £4.0m | £4.0m | £3.0m | £2.0m | £2.0m |
| Capital spending | — | — | — | −£3.0m | — | — | −£1.0m | — |
| Free cash flow | — | — | — | £1.0m | — | — | £1.0m | — |
| Total assets | £63.4m | £60.0m | £57.3m | £51.8m | £48.8m | £46.0m | £43.3m | £41.6m |
| Cash and short-term investments | £15.4m | £16.3m | £12.2m | £14.0m | £12.0m | £10.9m | £9.4m | £12.1m |
| Debt | £425,000 | £510,000 | £596,000 | £578,000 | £583,000 | £542,000 | £467,000 | £467,000 |
| Shareholders' equity | £35.8m | £31.6m | £31.7m | £30.2m | £28.1m | £27.4m | £25.8m | £25.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.5% | 9.0% | 9.8% |
| Operating income | 25.2% | 6.8% | 17.0% |
| Net income | -18.1% | -16.1% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 84.9% | 85.5% | 84.9% | 85.6% |
| Operating margin | 13.4% | 12.3% | 13.7% | 13.4% |
| Net margin | 6.5% | 7.7% | 8.7% | 8.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 80.7 | 36.8 | 25.5 | 23.9 | 28.0 | 21.0 | 23.9 | 29.7 | 16.9 | 18.5 |
| Price to sales | 2.7 | 3.8 | 2.4 | 2.1 | 2.8 | 2.6 | 2.5 | 2.4 | 1.6 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 25 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.009 | 0.013 | 0.01 | 0.006 | 0.007 | 0.007 | 0.005 |
- 5-for-4 split · 12 Jan 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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