H 
0.24p
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
£580,800
FY2016FY2025
Net income
−£7.2m
FY2016FY2025
Free cash flow
−£4.4m
FY2016FY2025
Shareholders' equity
£1.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £580,800 | £4.8m | £4.3m | £2.9m | £2.9m | £2.9m | £3.5m | £3.4m | £3.0m | £1.2m |
| Research and development | — | £887,000 | £1.3m | £1.1m | £760,000 | £1.2m | £1.1m | £912,000 | £1.0m | £548,000 |
| Operating income | −£2.9m | −£6.0m | −£6.2m | −£5.9m | −£4.5m | −£5.3m | −£5.5m | −£6.0m | −£5.3m | −£4.1m |
| Net income | −£7.2m | −£6.1m | −£6.2m | −£4.8m | −£3.4m | −£4.0m | −£7.2m | −£5.3m | −£4.8m | −£3.6m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.02 | -0.19 | -0.21 | -0.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £4.4m | £11.3m | £12.9m | £14.5m | £13.8m | £13.1m | £15.8m | £16.9m | £15.0m | £7.7m |
| Cash and short-term investments | £1.7m | £1.7m | £1.4m | £1.2m | £1.6m | £823,000 | £4.7m | £5.1m | £2.1m | £2.9m |
| Total liabilities | £3.1m | £5.6m | £5.9m | £7.4m | £7.0m | £5.7m | £4.6m | £4.4m | £6.1m | £1.1m |
| Debt | £1.8m | £3.4m | £3.8m | £4.3m | £4.5m | £2.9m | £1.2m | £896,000 | £1.3m | £270,000 |
| Shareholders' equity | £1.3m | £5.7m | £7.0m | £7.0m | £6.8m | £7.5m | £11.3m | £12.5m | £8.9m | £6.6m |
| Shares outstanding | 5,958m | 2,331m | 1,276m | 674m | 477m | 397m | 326m | 27m | 22m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£4.3m | −£3.0m | −£3.7m | −£2.9m | −£1.3m | −£2.6m | −£4.7m | −£3.9m | −£4.1m | −£3.3m |
| Capital spending | −£36,000 | −£519,000 | −£624,000 | −£1.3m | −£480,000 | −£295,000 | −£1.2m | −£723,000 | −£415,000 | −£470,000 |
| Free cash flow | −£4.4m | −£3.5m | −£4.3m | −£4.2m | −£1.8m | −£2.9m | −£5.9m | −£4.7m | −£4.5m | −£3.8m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £2.3m | £2.3m | −£672,200 | £1.3m | £2.4m | £2.5m | £2.5m | £1.3m |
| Operating income | −£1.7m | −£1.7m | £86,800 | −£2.9m | −£3.6m | −£6.4m | −£3.1m | −£1.5m |
| Net income | −£2.5m | −£2.5m | −£4.3m | −£2.9m | −£3.7m | −£2.4m | −£3.0m | −£1.5m |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −£3.0m | −£3.0m | −£2.0m | −£2.0m | — | −£2.0m | −£1.0m | — |
| Total assets | £19.8m | £19.8m | £4.4m | £11.8m | £11.3m | £14.5m | £12.9m | £12.9m |
| Cash and short-term investments | £3.4m | £3.4m | £1.7m | £2.0m | £1.7m | £3.3m | £1.4m | £1.4m |
| Debt | £1.3m | £456,000 | £156,000 | £1.9m | £1.9m | £1.4m | £1.8m | £3.3m |
| Shareholders' equity | £14.7m | £14.7m | £1.3m | £5.2m | £5.7m | £9.1m | £7.0m | £7.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -41.5% | -27.7% | -9.0% |
| Operating income | -21.6% | -11.7% | -0.5% |
| Net income | 14.3% | 12.3% | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -163.1% | -165.8% | -166.5% | -176.4% |
| Net margin | -246.1% | -192.5% | -171.7% | -178.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.2 | -0.5 | -0.6 | -1.6 | -5.1 | -2.6 | -0.5 | -0.1 | -0.3 | -0.3 |
| Price to sales | 52.3 | 0.6 | 0.9 | 2.6 | 6.0 | 3.6 | 1.1 | 0.2 | 0.4 | 1.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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