G 
4.35p
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
£5.0m
FY2016FY2025
Net income
−£641,000
FY2016FY2025
Free cash flow
−£183,000
FY2016FY2025
Shareholders' equity
£3.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £5.0m | £4.7m | £4.0m | £5.1m | £4.3m | £3.6m | £6.1m | £8.0m | £7.7m | £7.0m |
| Research and development | £101,000 | £86,000 | £468,000 | £856,000 | £1.6m | £502,000 | £628,000 | £1.2m | £1.1m | £1.3m |
| Operating income | −£595,000 | −£1.5m | −£5.2m | −£3.2m | −£3.0m | −£1.8m | −£3.1m | £447,000 | £202,588 | £715,000 |
| Net income | −£641,000 | −£1.6m | −£5.1m | −£2.8m | −£1.9m | −£1.6m | −£3.1m | £508,000 | −£28,235 | £1.1m |
| Diluted earnings per share | -0.00 | -0.01 | -0.08 | -0.04 | -0.03 | -0.04 | -0.08 | 0.01 | -0.00 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.9m | £7.4m | £7.7m | £12.8m | £15.1m | £10.7m | £12.8m | £17.3m | £15.7m | £17.0m |
| Cash and short-term investments | £177,000 | £898,000 | £385,000 | £4.3m | £5.9m | £2.2m | £3.6m | £1.4m | — | £2.8m |
| Total liabilities | £3.1m | £3.0m | £3.3m | £3.4m | £3.0m | £2.7m | £3.1m | £4.5m | £3.3m | £4.8m |
| Debt | £296,000 | £427,000 | £621,000 | £847,000 | £1.1m | £1.2m | £1.4m | £1.0m | £755,000 | £900,000 |
| Shareholders' equity | £3.8m | £4.4m | £4.4m | £9.4m | £12.0m | £8.0m | £9.7m | £12.7m | £12.4m | £12.2m |
| Shares outstanding | 155m | 123m | 67m | 67m | 67m | 38m | 38m | 39m | 38m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£160,000 | −£479,000 | −£2.8m | −£500,000 | −£843,000 | −£229,000 | £3.4m | −£332,000 | £1.4m | −£285,000 |
| Capital spending | −£23,000 | −£771,000 | −£908,000 | −£858,000 | −£876,000 | −£926,000 | −£1.1m | −£78,000 | −£38,118 | −£32,000 |
| Free cash flow | −£183,000 | −£1.3m | −£3.7m | −£1.4m | −£1.7m | −£1.2m | £2.3m | −£410,000 | £1.4m | −£317,000 |
| Dividends paid | — | — | — | — | — | — | — | — | — | −£572,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £2.4m | £2.9m | £2.1m | £2.5m | £2.2m | £2.2m | £1.9m | £2.4m |
| Operating income | −£229,000 | £189,000 | −£619,000 | −£716,000 | −£801,000 | −£3.0m | −£2.2m | −£2.2m |
| Net income | −£241,000 | £217,000 | −£858,000 | −£832,000 | −£746,000 | −£2.4m | −£2.8m | −£1.9m |
| Diluted earnings per share | -0.00 | 0.00 | -0.01 | -0.01 | -0.01 | -0.04 | -0.04 | -0.03 |
| Cash from operations | — | — | — | — | — | −£1.0m | −£1.0m | — |
| Total assets | £6.5m | £6.9m | £6.1m | £7.4m | £6.2m | £7.7m | £9.9m | £12.8m |
| Cash and short-term investments | £640,000 | £177,000 | £419,000 | £898,000 | £154,000 | £385,000 | £2.0m | £4.3m |
| Debt | £104,000 | £175,000 | £30,000 | £427,000 | £148,000 | £621,000 | £637,000 | £808,000 |
| Shareholders' equity | £3.6m | £3.8m | £3.6m | £4.4m | £3.7m | £4.4m | £6.7m | £9.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | 7.0% | -5.3% |
| Operating income | -42.8% | -19.6% | — |
| Net income | -39.0% | -17.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -21.8% | -55.9% | -57.2% | -23.2% |
| Net margin | -23.0% | -54.4% | -51.8% | -21.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -1.7 | -0.4 | -2.2 | -7.0 | -1.8 | -2.0 | 14.4 | -195.7 | 7.2 |
| Price to sales | 0.6 | 0.6 | 0.5 | 1.2 | 3.2 | 0.8 | 1.0 | 0.9 | 0.7 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 19 Nov 2015.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2009 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.00 | 0.005 | 0.005 | 0.013 | 0.004 | 0.014 | 0.016 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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