E 
1.40p
-2.10%
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
£2.8m
FY2016FY2025
Net income
−£1.9m
FY2016FY2025
Free cash flow
−£732,000
FY2016FY2025
Shareholders' equity
£1.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £2.8m | £3.6m | £6.7m | £6.6m | £1.4m | £1.2m | £1.7m | £1.6m | £1.6m | £1.3m |
| Operating income | −£1.7m | −£6.3m | £917,000 | £1.5m | −£833,000 | −£5.2m | −£737,000 | −£836,000 | £443,000 | −£548,000 |
| Net income | −£1.9m | −£6.8m | −£852,000 | £1.4m | −£718,000 | −£9.7m | −£571,000 | −£2.6m | −£491,000 | −£1.6m |
| Diluted earnings per share | -0.00 | -0.01 | -0.00 | 0.00 | -0.00 | -0.02 | -0.00 | -0.02 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £7.5m | £9.8m | £15.6m | £17.0m | £8.3m | £6.7m | £12.1m | £8.9m | £11.0m | £7.6m |
| Cash and short-term investments | £294,000 | £1.5m | £5.2m | £1.4m | £683,000 | £812,000 | £3.1m | £1.8m | £3.6m | £1.7m |
| Total liabilities | £6.4m | £6.0m | £5.2m | £5.8m | £5.0m | £4.3m | £4.0m | £4.0m | £3.5m | £2.9m |
| Debt | £4,000 | £12,000 | £22,000 | £57,000 | £50,000 | £50,000 | £241,000 | — | — | — |
| Shareholders' equity | £1.1m | £3.8m | £10.5m | £11.2m | £3.2m | £2.5m | £8.1m | £4.9m | £7.5m | £4.7m |
| Shares outstanding | 1,075m | 959m | 959m | 1,147m | 566m | 445m | 445m | 115m | 259m | 245m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£181,000 | −£614,000 | £2.8m | £2.5m | −£535,000 | −£844,000 | −£661,000 | −£479,000 | −£399,000 | −£322,000 |
| Capital spending | −£551,000 | −£679,000 | −£5.6m | −£1.6m | −£985,000 | −£1.3m | −£2.0m | −£1.3m | −£1.5m | −£1.2m |
| Free cash flow | −£732,000 | −£1.3m | −£2.8m | £814,000 | −£1.5m | −£2.1m | −£2.6m | −£1.8m | −£1.9m | −£1.5m |
Latest quarters
By quarter end
| Jun 2026 | Jun 2025 | Dec 2024 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.5m | £1.5m | £1.2m | £2.1m | £1.4m | £3.0m | £1.5m | £3.7m |
| Operating income | −£577,000 | −£464,000 | −£361,000 | −£531,000 | −£875,000 | £619,000 | £1.0m | £714,000 |
| Net income | −£815,000 | −£874,000 | −£345,000 | −£5.8m | −£1.0m | £435,000 | £218,000 | −£1.3m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | 0.00 | — | -0.00 |
| Cash from operations | — | — | — | — | — | £1.0m | — | £1.0m |
| Capital spending | — | — | — | — | — | — | — | −£4.0m |
| Free cash flow | — | — | — | — | — | — | — | −£3.0m |
| Total assets | £10.6m | £8.6m | £8.6m | £9.8m | £17.1m | £15.6m | £15.6m | £16.0m |
| Cash and short-term investments | £2.8m | £923,000 | £959,000 | £1.5m | £3.8m | £5.2m | £5.2m | £5.2m |
| Debt | £1,000 | — | — | £6,000 | £9,000 | £10,000 | £12,000 | — |
| Shareholders' equity | £4.4m | £2.5m | £3.5m | £3.8m | £9.5m | £10.5m | £10.5m | £10.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.2% | 17.3% | 2.3% |
| Operating income | — | -19.8% | — |
| Net income | — | -27.6% | 0.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -127.5% | -28.9% | -52.6% | -30.7% |
| Net margin | -137.8% | -42.0% | -84.0% | -84.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.7 | -1.3 | -13.5 | 9.3 | -6.2 | -0.3 | -12.2 | -0.8 | -16.8 | -4.1 |
| Price to sales | 8.2 | 2.5 | 1.7 | 1.9 | 3.2 | 2.3 | 4.1 | 1.2 | 5.3 | 5.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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