G 
220.00p
-2.22%
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
£190.7m
FY2017FY2026
Net income
£7.3m
FY2017FY2026
Free cash flow
£4.7m
FY2017FY2026
Shareholders' equity
£46.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £190.7m | £146.7m | £144.4m | £152.0m | £147.6m | £157.5m | £120.3m | £118.2m | £80.1m | £56.1m |
| Gross profit | £54.2m | £39.7m | £39.4m | £39.0m | £41.1m | £46.4m | £31.2m | £25.7m | £20.3m | £15.1m |
| Research and development | — | £126,000 | £183,000 | £280,000 | £230,000 | £155,000 | £1.5m | £1.1m | — | — |
| Operating income | £10.8m | £3.2m | £2.8m | £1.3m | £6.1m | £15.4m | £4.1m | £23,000 | £2.0m | £2.6m |
| Net income | £7.3m | £832,000 | £651,000 | −£644,000 | £3.7m | £12.6m | £2.6m | −£163,000 | £1.4m | £2.3m |
| Diluted earnings per share | 0.35 | 0.04 | 0.03 | -0.03 | 0.18 | 0.58 | 0.12 | -0.01 | 0.07 | 0.11 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £92.7m | £81.4m | £75.2m | £84.6m | £94.3m | £67.7m | £61.6m | £44.2m | £39.7m | £23.1m |
| Cash and short-term investments | £8.0m | £5.6m | £4.7m | £4.5m | £3.9m | £6.2m | £7.8m | £5.3m | £3.5m | £3.0m |
| Total liabilities | £46.4m | £42.1m | £36.8m | £47.4m | £56.2m | £33.4m | £40.0m | £25.5m | £20.8m | £11.4m |
| Debt | £19.4m | £19.8m | £21.4m | £27.6m | £37.7m | £12.9m | £24.1m | £12.8m | £8.5m | £2.6m |
| Shareholders' equity | £46.3m | £39.3m | £38.4m | £37.2m | £38.0m | £34.3m | £21.6m | £18.7m | £18.9m | £11.7m |
| Shares outstanding | 21m | 22m | 21m | 23m | 21m | 22m | 21m | 21m | 21m | 21m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £8.3m | £8.3m | £14.6m | £19.7m | −£7.6m | £14.9m | £7.5m | £2.2m | £157,000 | £111,000 |
| Capital spending | −£3.6m | −£4.0m | −£3.9m | −£6.3m | −£9.2m | −£4.4m | −£3.6m | −£4.5m | −£9.1m | −£2.2m |
| Free cash flow | £4.7m | £4.2m | £10.7m | £13.4m | −£16.8m | £10.5m | £3.9m | −£2.3m | −£9.0m | −£2.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £110.0m | £80.7m | £85.0m | £61.7m | £81.7m | £40.9m | £62.6m | £31.3m |
| Gross profit | £29.4m | £20.6m | £21.1m | £16.5m | £22.5m | £11.2m | £15.2m | £8.5m |
| Operating income | £7.7m | £2.9m | £35.9m | −£491,000 | £3.7m | £1.8m | −£852,000 | −£466,000 |
| Net income | £5.3m | £2.0m | £2.1m | −£1.2m | £2.2m | £1.1m | −£1.6m | −£780,000 |
| Diluted earnings per share | 0.25 | 0.09 | 0.09 | -0.06 | 0.11 | 0.05 | -0.07 | -0.03 |
| Cash from operations | £13.0m | −£6.0m | £11.0m | −£4.0m | £14.0m | £7.0m | — | — |
| Capital spending | — | — | — | — | — | — | −£2.0m | — |
| Total assets | £92.7m | £96.1m | £81.4m | £89.6m | £75.2m | £75.2m | £92.4m | £92.4m |
| Cash and short-term investments | £8.0m | £4.0m | £5.6m | £6.6m | £4.7m | £4.7m | £5.9m | £5.9m |
| Debt | £14.9m | £21.9m | £13.9m | £22.8m | £13.8m | £1.8m | £25.1m | £1.1m |
| Shareholders' equity | £46.3m | £41.3m | £39.3m | £37.3m | £38.4m | £38.4m | £36.0m | £36.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.9% | 3.9% | 18.3% |
| Operating income | 102.9% | -6.9% | 43.6% |
| Net income | — | -10.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.8% | 27.2% | 27.7% | 26.8% |
| Operating margin | 4.1% | 2.8% | 4.2% | 3.6% |
| Net margin | 2.4% | 1.3% | 2.6% | 2.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.5 | 79.1 | 54.0 | -51.7 | 6.1 | 12.5 | 67.1 | -331.6 | 36.2 | 33.0 |
| Price to sales | 0.3 | 0.5 | 0.2 | 0.2 | 0.1 | 1.0 | 1.4 | 0.5 | 0.6 | 1.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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