F 
210.00p
-0.94%
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
£55.5m
FY2017FY2026
Net income
£4.6m
FY2017FY2026
Free cash flow
£1.3m
FY2017FY2026
Shareholders' equity
£40.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £55.5m | £56.3m | £25.4m | £16.3m | £17.1m | £15.6m | £17.2m | £15.9m | £24.0m | £35.4m |
| Research and development | — | — | £2.4m | £1.8m | £1.9m | £1.8m | £1.2m | £1.0m | £1.7m | £3.1m |
| Operating income | £4.0m | £13.4m | £3.6m | £237,000 | £2.0m | £642,000 | −£188,000 | £234,000 | £1.8m | £1.7m |
| Net income | £4.6m | £14.0m | £3.1m | £464,000 | £1.5m | £60,000 | −£2.0m | −£1.3m | £1.2m | £3.1m |
| Diluted earnings per share | 0.02 | 0.06 | 0.01 | 0.00 | 0.01 | 0.00 | -0.01 | -0.01 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £65.2m | £49.8m | £25.3m | £18.1m | £16.4m | £14.6m | £17.3m | £18.2m | £18.6m | £19.4m |
| Cash and short-term investments | £12.9m | £14.5m | £7.2m | £2.6m | £4.0m | £2.9m | £2.0m | £2.6m | £3.8m | £2.6m |
| Total liabilities | £24.3m | £14.4m | £10.4m | £6.5m | £5.4m | £5.2m | £8.0m | £7.2m | £6.4m | £8.7m |
| Debt | £5.6m | £3.7m | £3.0m | £2.3m | £1.8m | £2.2m | £2.9m | £349,000 | £518,000 | £105,000 |
| Shareholders' equity | £40.9m | £35.4m | £14.8m | £11.5m | £11.0m | £9.4m | £9.4m | £11.0m | £12.2m | £10.7m |
| Shares outstanding | 299m | 232m | 221m | 215m | 216m | 215m | 214m | 211m | 213m | 210m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £11.6m | £13.8m | £6.3m | £950,000 | £2.3m | £2.1m | −£2.6m | −£20,000 | £1.8m | £3.9m |
| Capital spending | −£10.3m | −£5.8m | −£1.6m | −£1.5m | −£250,000 | −£404,000 | −£1.2m | −£1.1m | −£1.1m | −£811,000 |
| Free cash flow | £1.3m | £8.1m | £4.8m | −£581,000 | £2.0m | £1.7m | −£3.9m | −£1.1m | £692,000 | £3.1m |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £30.3m | £25.3m | £30.7m | £25.6m | £17.0m | £8.5m | £7.9m | £8.4m |
| Operating income | £1.4m | £2.6m | £6.7m | £6.8m | £4.0m | −£369,000 | −£246,000 | £483,000 |
| Net income | £1.9m | £2.6m | £7.3m | £6.7m | £3.7m | −£522,000 | — | £464,000 |
| Diluted earnings per share | 0.01 | 0.01 | 0.03 | 0.03 | 0.02 | -0.00 | — | 0.00 |
| Cash from operations | £8.0m | £3.0m | £11.0m | £2.0m | £4.0m | £1.0m | £1.0m | — |
| Capital spending | −£4.0m | −£6.0m | −£2.0m | −£1.0m | — | — | −£1.0m | — |
| Free cash flow | £4.0m | −£3.0m | £9.0m | £1.0m | — | — | £0 | — |
| Total assets | £65.2m | £55.0m | £49.8m | £37.7m | £25.3m | £18.7m | £18.1m | £16.4m |
| Cash and short-term investments | £12.9m | £10.5m | £14.5m | £7.2m | £7.2m | £4.1m | £2.6m | £3.1m |
| Debt | £1.4m | £1.2m | £1.1m | £731,000 | £895,000 | £746,000 | £617,000 | £616,000 |
| Shareholders' equity | £40.9m | £38.6m | £35.4m | £24.5m | £14.8m | £11.0m | £11.5m | £11.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 50.6% | 29.0% | 15.1% |
| Operating income | 155.9% | 44.0% | — |
| Net income | 114.2% | 137.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.6% | 13.8% | 12.8% | 7.0% |
| Net margin | 16.6% | 14.5% | 12.8% | 6.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 144.5 | 29.1 | 53.6 | 98.8 | 20.4 | 412.7 | -9.5 | -14.5 | 10.2 | 3.0 |
| Price to sales | 11.8 | 7.3 | 6.6 | 2.8 | 1.8 | 1.6 | 1.1 | 1.2 | 0.5 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Oct 2010.
| FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.011 | 0.011 | 0.439 | 0.013 | 0.02 | 0.03 | 0.03 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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