E 
465.00p
-0.43%
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
£46.7m
FY2017FY2026
Net income
£282,000
FY2017FY2026
Free cash flow
£11.1m
FY2017FY2026
Shareholders' equity
£36.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £46.7m | £48.2m | £47.7m | £43.1m | £31.7m | £22.8m | £20.4m | £16.9m | £13.8m | £11.1m |
| Research and development | £815,000 | £9.3m | £168,000 | £677,000 | £466,000 | £413,000 | £661,000 | £3.5m | £3.4m | £2.9m |
| Operating income | −£572,000 | £3.0m | £831,000 | £556,000 | £734,000 | £234,000 | −£42,000 | −£2.5m | −£5.2m | −£3.8m |
| Net income | £282,000 | £1.6m | £5.7m | £1.2m | £554,000 | −£57,000 | −£454,000 | −£2.4m | −£4.3m | −£3.5m |
| Diluted earnings per share | 0.01 | 0.05 | 0.17 | 0.04 | 0.02 | -0.00 | -0.02 | -0.09 | -0.17 | -0.14 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £60.2m | £52.0m | £51.2m | £47.6m | £23.1m | £15.8m | £14.1m | £12.9m | £13.1m | £12.4m |
| Cash and short-term investments | £16.1m | £12.3m | £10.6m | £10.6m | £3.6m | £1.7m | £1.5m | £1.4m | £1.5m | £3.7m |
| Total liabilities | £23.6m | £19.4m | £17.1m | £23.5m | £14.5m | £10.4m | £9.7m | £8.6m | £7.3m | £3.5m |
| Debt | — | £354,000 | £1.1m | £2.6m | £518,000 | £1.6m | £704,000 | £3.7m | £2.4m | £520,000 |
| Shareholders' equity | £36.6m | £32.7m | £34.1m | £24.0m | £8.6m | £5.4m | £4.4m | £4.3m | £5.8m | £8.9m |
| Shares outstanding | 33m | 34m | 33m | 29m | 30m | 30m | 26m | 26m | 25m | 25m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £11.2m | £13.5m | £9.5m | £12.1m | £7.4m | £2.3m | £5.8m | £1.6m | −£758,000 | −£2.0m |
| Capital spending | −£170,000 | −£155,000 | −£7.1m | −£5.6m | −£5.1m | −£3.0m | −£2.9m | −£111,000 | −£110,000 | −£107,000 |
| Free cash flow | £11.1m | £13.3m | £2.4m | £6.5m | £2.3m | −£715,000 | £2.9m | £1.5m | −£868,000 | −£2.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £23.6m | £23.0m | £24.0m | £24.2m | £23.7m | £24.1m | £23.1m | £11.5m |
| Operating income | £205,000 | −£777,000 | £1.4m | £1.5m | £1.1m | −£286,000 | −£1.4m | −£1.2m |
| Net income | £144,000 | £138,000 | −£35,000 | £1.7m | £6.2m | −£416,000 | £168,000 | £84,000 |
| Diluted earnings per share | 0.00 | 0.00 | -0.00 | 0.05 | 0.19 | -0.01 | 0.01 | 0.00 |
| Cash from operations | £7.0m | £4.0m | £8.0m | £4.0m | £6.0m | £3.0m | £7.0m | £3.0m |
| Capital spending | — | — | — | — | — | — | −£2.0m | — |
| Free cash flow | — | — | — | — | — | — | £5.0m | — |
| Total assets | £60.2m | £51.5m | £52.0m | £52.5m | £51.2m | £44.3m | £47.6m | £47.6m |
| Cash and short-term investments | £16.1m | £12.1m | £12.3m | £11.9m | £10.6m | £9.0m | £10.6m | £10.6m |
| Debt | — | £23,000 | £51,000 | £87,000 | £694,000 | £1.1m | £1.8m | — |
| Shareholders' equity | £36.6m | £33.4m | £32.7m | £35.9m | £34.1m | £25.1m | £24.0m | −£16.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 15.4% | 21.9% |
| Operating income | — | — | -17.9% |
| Net income | -38.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.5% | 2.0% | 2.0% | -3.6% |
| Net margin | 2.0% | 4.8% | 3.9% | -1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | — | 59.0 | 15.7 | 68.6 | 180.1 | -1957.3 | -137.6 | -13.4 | -3.5 | -9.2 |
| Price to sales | 3.4 | 2.0 | 1.9 | 1.9 | 3.1 | 4.9 | 3.1 | 1.9 | 1.1 | 2.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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