F 
3.85p
-1.28%
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
£885,623
FY2016FY2025
Net income
−£7.3m
FY2016FY2025
Free cash flow
−£2.8m
FY2016FY2025
Shareholders' equity
£6.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £885,623 | £1.2m | £1.0m | £588,576 | £287,415 | £449,983 | £563,092 | £458,389 | £465,885 | £431,454 |
| Research and development | £1.1m | £932,383 | £781,394 | £525,213 | — | — | £82,417 | — | £35,897 | £53,540 |
| Operating income | −£4.2m | −£3.7m | −£3.4m | −£2.5m | −£2.1m | −£1.4m | −£1.1m | −£747,853 | −£300,932 | −£252,580 |
| Net income | −£7.3m | −£3.3m | −£2.9m | −£2.1m | −£1.6m | −£1.1m | −£973,109 | −£630,787 | −£266,003 | −£183,156 |
| Diluted earnings per share | -0.17 | -0.24 | -0.22 | -0.16 | -0.30 | -0.22 | -0.43 | -0.45 | -0.22 | -0.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.8m | £8.3m | £11.7m | £14.3m | £5.8m | £2.5m | £1.5m | £1.1m | £893,465 | £325,863 |
| Cash and short-term investments | £5.9m | £3.9m | £7.3m | £10.3m | £2.2m | £732,650 | £540,735 | £632,285 | £696,811 | £105,673 |
| Total liabilities | £589,023 | £694,180 | £855,449 | £594,126 | £552,829 | £728,672 | £544,488 | £689,784 | £324,114 | £196,114 |
| Debt | — | — | £441,048 | £203,674 | £1 | £135,101 | −£345,721 | −£291,988 | −£168,522 | £189,000 |
| Shareholders' equity | £6.2m | £7.6m | £10.9m | £13.7m | £5.3m | £1.8m | £945,618 | £365,339 | £569,351 | £129,749 |
| Shares outstanding | 44m | 14m | 13m | 13m | 5m | 5m | 2m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.8m | −£2.2m | −£1.7m | −£1.3m | −£2.0m | −£786,041 | −£983,191 | −£357,585 | −£90,605 | −£205,105 |
| Capital spending | −£10,450 | −£12,506 | −£1.2m | −£1.2m | −£1.4m | −£883,139 | −£3,422 | −£6,250 | −£2,941 | −£104 |
| Free cash flow | −£2.8m | −£2.2m | −£3.0m | −£2.4m | −£3.5m | −£1.7m | −£986,613 | −£363,835 | −£93,546 | −£205,209 |
Latest quarters
By quarter end
| Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Feb 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £413,000 | £436,623 | £449,000 | £744,544 | £437,000 | £448,997 | £224,499 | £576,000 |
| Operating income | −£1.9m | −£2.2m | −£2.0m | −£1.6m | −£2.1m | −£1.8m | −£899,977 | −£1.6m |
| Net income | −£1.7m | −£5.4m | −£1.9m | −£1.4m | −£1.9m | −£1.6m | −£775,089 | −£1.4m |
| Diluted earnings per share | -0.04 | -0.12 | -0.14 | -0.10 | -0.15 | -0.12 | -0.06 | -0.10 |
| Cash from operations | −£1.0m | −£1.0m | −£1.0m | — | −£1.0m | −£1.0m | — | — |
| Total assets | £4.9m | £6.8m | £12.2m | £8.3m | £9.9m | £11.7m | £11.7m | £13.0m |
| Cash and short-term investments | £3.8m | £5.9m | £7.3m | £3.9m | £5.4m | £7.3m | £7.3m | £9.2m |
| Shareholders' equity | £4.5m | £6.2m | £11.4m | £7.6m | £9.0m | £10.9m | −£5.1m | £12.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.6% | 14.5% | 8.8% |
| Operating income | 18.8% | 24.6% | 25.1% |
| Net income | 51.2% | 46.4% | 20.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -382.2% | -375.9% | -391.5% | -299.7% |
| Net margin | -513.5% | -425.3% | -415.5% | -320.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.6 | -0.8 | -1.7 | -3.4 | -3.2 | -5.3 | -1.6 | -2.0 | -6.1 | -8.2 |
| Price to sales | 4.8 | 2.1 | 4.8 | 12.2 | 18.0 | 12.9 | 2.8 | 2.8 | 3.5 | 3.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 Jul 1995.
- 200-to-1 reverse split · 14 Oct 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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