G 
77.50p
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
£22.1m
FY2016FY2025
Net income
−£1.4m
FY2016FY2025
Free cash flow
£2.4m
FY2016FY2025
Shareholders' equity
−£3.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £22.1m | £21.4m | £21.1m | £19.3m | £15.4m | £14.2m | £12.7m | £10.9m | £9.3m | £7.8m |
| Gross profit | £19.3m | £19.2m | £19.0m | £16.8m | £13.4m | £13.1m | £11.3m | £10.0m | £8.5m | £7.0m |
| Research and development | £3.6m | £3.3m | £3.8m | £3.1m | £3.1m | £3.4m | £2.2m | £2.1m | £2.4m | £2.8m |
| Operating income | −£840,000 | £778,000 | −£215,000 | −£71,000 | −£1.9m | −£1.6m | −£1.1m | −£1.2m | −£1.2m | −£1.9m |
| Net income | −£1.4m | £897,000 | −£227,000 | £28,000 | −£1.6m | £398,000 | −£1.2m | −£1.0m | −£2.3m | −£1.7m |
| Diluted earnings per share | -0.03 | 0.02 | -0.00 | 0.00 | -0.03 | 0.01 | -0.02 | -0.02 | -0.05 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £11.6m | £11.4m | £9.3m | £10.2m | £8.7m | £7.9m | £4.1m | £5.0m | £5.1m | £1.6m |
| Cash and short-term investments | £2.5m | £2.3m | £1.9m | £3.0m | £2.7m | £2.3m | £1.7m | £2.5m | £2.8m | — |
| Total liabilities | £14.9m | £13.6m | £12.3m | £13.2m | £11.6m | £9.7m | £7.0m | £6.9m | £6.3m | £5.1m |
| Debt | £3.0m | £2.8m | £1.2m | £1.5m | £1.9m | £2.1m | £315,000 | — | £1 | −£3.5m |
| Shareholders' equity | −£3.4m | −£2.1m | −£3.0m | −£3.0m | −£3.0m | −£1.8m | −£2.9m | −£2.0m | −£1.2m | −£3.6m |
| Shares outstanding | 51m | 55m | 50m | 50m | 50m | 49m | 48m | 48m | 48m | 116m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.4m | £1.5m | £1.4m | £2.8m | £1.9m | £532,000 | −£404,000 | −£117,000 | −£678,000 | −£656,000 |
| Capital spending | −£23,000 | −£1.6m | −£2.0m | −£1.9m | −£344,000 | −£397,000 | −£131,000 | −£113,000 | −£172,000 | −£74,000 |
| Free cash flow | £2.4m | −£62,000 | −£619,000 | £880,000 | £1.5m | £135,000 | −£535,000 | −£230,000 | −£850,000 | −£730,000 |
| Dividends paid | — | — | — | — | — | — | — | — | — | −£500,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £12.0m | £11.1m | £11.0m | £10.7m | £10.7m | £10.6m | £10.5m | £10.2m |
| Gross profit | £9.4m | £9.7m | £9.6m | £9.0m | £9.6m | £9.0m | £9.1m | £9.1m |
| Operating income | −£313,000 | −£413,000 | −£2.1m | £2.3m | −£1.5m | £338,000 | −£567,000 | £670,000 |
| Net income | −£428,000 | −£827,000 | −£617,000 | £782,000 | £115,000 | £415,000 | −£642,000 | £576,000 |
| Diluted earnings per share | -0.01 | -0.02 | -0.01 | 0.01 | 0.00 | 0.01 | -0.01 | 0.01 |
| Cash from operations | — | £2.0m | — | £1.0m | — | £1.0m | — | — |
| Capital spending | — | — | — | — | — | — | −£1.0m | −£1.0m |
| Total assets | £11.1m | £11.6m | £10.3m | £11.4m | £9.4m | £9.3m | £8.6m | £10.2m |
| Cash and short-term investments | £1.5m | £2.5m | £1.2m | £2.3m | £928,000 | £1.9m | £1.7m | £3.0m |
| Debt | £388,000 | £2.0m | £1.6m | £1.6m | £1.1m | £423,000 | £373,000 | £371,000 |
| Shareholders' equity | −£3.9m | −£3.4m | −£2.5m | −£2.1m | −£3.0m | −£3.0m | −£3.4m | −£3.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.6% | 9.2% | 15.8% |
| Operating income | 127.9% | -12.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 88.5% | 88.5% | 88.9% | 88.1% |
| Operating margin | -0.1% | -0.4% | -3.4% | -4.6% |
| Net margin | -1.3% | -0.9% | -1.7% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.6 | 35.3 | -145.7 | — | -21.3 | 98.8 | -19.7 | -16.3 | -7.2 |
| Price to sales | 1.9 | 1.5 | 1.6 | 1.6 | 2.1 | 2.8 | 1.9 | 1.5 | 1.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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