G 
0.88p
0.00%
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
£764,000
FY2016FY2025
Net income
−£5.2m
FY2016FY2025
Free cash flow
−£5.1m
FY2016FY2025
Shareholders' equity
£1.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £764,000 | £501,000 | £55,000 | £49,000 | £687,000 | £1.1m | £2.4m | £1.9m | £2.6m | £5.1m |
| Research and development | £4.2m | £4.2m | £3.9m | £3.9m | £4.5m | £4.7m | £4.9m | £5.2m | £5.0m | £4.8m |
| Operating income | −£5.4m | −£5.3m | −£5.2m | −£5.6m | −£5.5m | −£5.6m | −£4.4m | −£5.3m | −£5.0m | −£5.4m |
| Net income | −£5.2m | −£7.1m | −£5.2m | −£4.7m | −£691,000 | −£19.4m | −£3.6m | −£7.0m | −£6.6m | −£5.9m |
| Diluted earnings per share | -0.01 | -0.04 | -0.04 | -0.04 | -0.01 | -0.28 | -0.11 | -0.34 | -0.35 | -0.32 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.8m | £6.8m | £4.5m | £6.6m | £4.9m | £10.5m | £7.3m | £5.9m | £12.0m | £11.9m |
| Cash and short-term investments | £1.2m | £5.2m | £2.6m | £4.6m | £2.6m | £8.2m | £5.2m | £3.5m | £5.1m | £1.1m |
| Total liabilities | £1.4m | £1.4m | £2.5m | £1.0m | £1.3m | £13.8m | £9.7m | £8.3m | £8.6m | £8.1m |
| Debt | — | £19,000 | £241,000 | £16,000 | £119,000 | £11.6m | £8.5m | £5.6m | £5.2m | £5.0m |
| Shareholders' equity | £1.4m | £5.4m | £2.0m | £5.6m | £3.6m | −£3.3m | −£2.5m | −£2.4m | £3.4m | £3.8m |
| Shares outstanding | 846m | 189m | 130m | 116m | 97m | 69m | 34m | 21m | 19m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£5.1m | −£3.8m | −£3.8m | −£4.6m | −£5.2m | −£3.8m | −£3.6m | −£2.5m | −£1.8m | −£3.5m |
| Capital spending | −£23,000 | −£29,000 | −£52,000 | −£62,000 | −£104,000 | −£40,000 | −£97,000 | −£24,000 | −£70,000 | −£164,000 |
| Free cash flow | −£5.1m | −£3.8m | −£3.8m | −£4.7m | −£5.3m | −£3.8m | −£3.7m | −£2.6m | −£1.9m | −£3.7m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £463,000 | £604,000 | £350,000 | £263,000 | £238,000 | £34,000 | £17,000 | £21,000 |
| Operating income | −£2.7m | −£2.8m | −£2.6m | −£3.0m | −£2.4m | −£2.5m | −£1.3m | −£2.7m |
| Net income | −£2.4m | −£2.9m | −£2.3m | −£5.0m | −£2.0m | −£3.0m | −£1.5m | −£2.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.03 | -0.02 | -0.02 | -0.02 | -0.02 |
| Cash from operations | −£1.0m | −£2.0m | −£3.0m | −£1.0m | −£2.0m | −£1.0m | — | −£2.0m |
| Total assets | £1.8m | £2.8m | £4.0m | £6.8m | £3.4m | £4.5m | £4.5m | £4.8m |
| Cash and short-term investments | £387,000 | £1.2m | £2.1m | £5.2m | £1.2m | £2.6m | £2.6m | £2.1m |
| Debt | — | — | — | £19,000 | £129,000 | £222,000 | £19,000 | £221,000 |
| Shareholders' equity | −£415,000 | £1.4m | £3.1m | £5.4m | £1.5m | £2.0m | £2.0m | £3.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 149.8% | -6.3% | -16.3% |
| Operating income | -1.4% | -0.9% | 2.9% |
| Net income | 3.8% | -23.1% | 5.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -845.2% | -1572.8% | -1048.3% | -289.8% |
| Net margin | -972.8% | -1616.6% | -1356.1% | -348.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -0.3 | -0.6 | -0.8 | -18.8 | -0.5 | -0.1 | -0.0 | -0.1 | -0.1 |
| Price to sales | 9.7 | 4.5 | 59.9 | 81.1 | 18.9 | 9.9 | 0.2 | 0.1 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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