F 
516.00p
+3.20%
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
£104.8m
FY2017FY2026
Net income
£27.3m
FY2017FY2026
Free cash flow
£48.1m
FY2017FY2026
Shareholders' equity
£107.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £104.8m | £90.6m | £89.3m | £104.6m | £114.0m | £90.7m | £76.1m | £89.7m | £34.2m | £37.4m |
| Research and development | £14.1m | £11.8m | £67.9m | £67.9m | £46.2m | £22.0m | £16.0m | £14.9m | £8.5m | £7.6m |
| Operating income | £13.7m | £8.7m | −£27.0m | −£26.6m | £1.5m | £19.9m | £16.6m | £19.4m | £2.8m | £7.8m |
| Net income | £27.3m | £16.4m | −£21.5m | −£20.9m | £9.6m | £21.6m | £15.9m | £17.4m | £3.6m | £7.7m |
| Diluted earnings per share | 0.70 | 0.41 | -0.54 | -0.54 | 0.24 | 0.55 | 0.39 | 0.43 | 0.09 | 0.20 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £147.1m | £130.7m | £117.4m | £141.0m | £169.6m | £161.5m | £147.9m | £84.1m | £65.5m | £38.6m |
| Cash and short-term investments | £44.0m | £42.5m | £29.5m | £28.3m | £38.7m | £42.4m | £45.8m | £35.3m | £24.1m | £12.6m |
| Total liabilities | £40.0m | £35.5m | £40.6m | £45.0m | £51.2m | £48.4m | £51.2m | £12.4m | £10.3m | £7.3m |
| Debt | £17.7m | £19.5m | £21.3m | £19.3m | £20.7m | £22.2m | £23.5m | £1.0m | £3.6m | £459,000 |
| Shareholders' equity | £107.0m | £95.2m | £76.8m | £96.0m | £118.4m | £113.2m | £96.7m | £71.6m | £55.3m | £31.3m |
| Shares outstanding | 39m | 40m | 40m | 39m | 41m | 39m | 40m | 40m | 40m | 39m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £49.1m | £42.3m | £32.5m | £47.9m | £41.2m | £39.0m | £32.4m | £32.8m | £10.2m | £4.6m |
| Capital spending | −£978,000 | −£341,000 | −£960,000 | −£43.4m | −£38.7m | −£32.9m | −£21.7m | −£17.3m | −£18.2m | −£790,000 |
| Free cash flow | £48.1m | £42.0m | £31.5m | £4.5m | £2.4m | £6.1m | £10.7m | £15.5m | −£8.0m | £3.8m |
| Dividends paid | — | — | — | −£3.0m | — | — | — | — | — | — |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £45.2m | £59.6m | £43.3m | £47.3m | £41.6m | £47.7m | £47.5m | £57.1m |
| Operating income | £6.3m | £7.5m | £4.2m | £4.5m | £14.8m | −£30.8m | −£15.8m | £6.9m |
| Net income | £19.3m | £8.0m | £12.0m | £4.4m | £11.6m | −£33.1m | −£27.6m | £6.7m |
| Diluted earnings per share | 0.50 | 0.20 | 0.30 | 0.11 | 0.29 | -0.86 | -0.72 | 0.17 |
| Cash from operations | £26.0m | £22.0m | £27.0m | £14.0m | £26.0m | £5.0m | £15.0m | £33.0m |
| Capital spending | — | — | — | — | — | −£16.0m | −£23.0m | −£19.0m |
| Free cash flow | — | — | — | — | — | −£11.0m | −£8.0m | £14.0m |
| Total assets | £147.1m | £136.6m | £130.7m | £120.2m | £117.4m | £105.8m | £141.0m | £173.5m |
| Cash and short-term investments | £44.0m | £40.1m | £42.5m | £27.2m | £29.5m | £17.1m | £28.3m | £42.6m |
| Debt | £1.9m | £1.9m | £1.8m | £1.8m | £1.7m | £1.6m | £1.5m | £1.5m |
| Shareholders' equity | £107.0m | £94.2m | £95.2m | £82.4m | £76.8m | £64.3m | £96.0m | £126.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.1% | 2.9% | 17.2% |
| Operating income | — | -7.2% | 27.2% |
| Net income | — | 4.8% | 34.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 11.5% | -8.0% | -1.6% | 4.5% |
| Net margin | 22.3% | 0.3% | 5.5% | 9.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.2 | 10.7 | -3.8 | -2.4 | 23.2 | 18.6 | 45.0 | 16.2 | 51.4 | 38.9 |
| Price to sales | 1.9 | 1.9 | 0.9 | 0.5 | 2.0 | 4.4 | 9.4 | 3.1 | 5.4 | 8.0 |
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.