H 
134.50p
+8.47%
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
£6.0m
FY2016FY2025
Net income
£178,000
FY2016FY2025
Free cash flow
£594,000
FY2016FY2025
Shareholders' equity
£3.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £6.0m | £4.7m | £5.5m | £5.0m | £3.6m | £4.8m | £5.1m | £4.6m | £3.2m | £2.1m |
| Gross profit | £2.7m | £2.3m | £2.6m | £1.9m | £1.3m | £2.3m | £2.4m | £2.4m | £1.6m | £685,000 |
| Research and development | — | — | £424,000 | £483,000 | £501,000 | £526,000 | £472,000 | £401,000 | £203,000 | £200,000 |
| Operating income | £260,000 | −£1.2m | −£1.0m | −£2.1m | −£2.8m | −£1.3m | −£1.2m | −£918,000 | −£1.2m | −£1.5m |
| Net income | £178,000 | −£1.3m | −£1.1m | −£2.2m | −£2.8m | −£1.3m | −£1.1m | −£865,000 | −£1.1m | −£1.3m |
| Diluted earnings per share | 0.00 | -0.02 | -0.02 | -0.04 | -0.05 | -0.02 | -0.02 | -0.03 | -0.04 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £7.6m | £7.8m | £8.4m | £9.7m | £10.8m | £12.7m | £9.6m | £6.7m | £3.8m | £4.8m |
| Cash and short-term investments | £827,000 | £700,000 | £740,000 | £693,000 | £1.5m | £3.1m | £5.1m | £3.6m | £1.5m | £2.2m |
| Total liabilities | £3.7m | £4.1m | £4.1m | £4.2m | £3.8m | £3.9m | £1.9m | £1.6m | £505,000 | £428,000 |
| Debt | £4.1m | £2.8m | £3.0m | £3.0m | £2.9m | £2.7m | £214,000 | £68,000 | £17,000 | £20,000 |
| Shareholders' equity | £3.9m | £3.7m | £4.3m | £5.5m | £6.9m | £8.8m | £7.7m | £5.1m | £3.3m | £4.4m |
| Shares outstanding | 84m | 78m | 61m | 59m | 56m | 54m | 50m | 29m | 31m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £663,000 | −£422,000 | £166,000 | −£1.0m | −£1.9m | −£504,000 | −£1.1m | £392,000 | −£586,000 | −£1.4m |
| Capital spending | −£69,000 | −£64,000 | −£110,000 | −£299,000 | −£317,000 | −£4.1m | −£1.1m | −£887,000 | −£152,000 | −£561,000 |
| Free cash flow | £594,000 | −£486,000 | £56,000 | −£1.3m | −£2.3m | −£4.6m | −£2.2m | −£495,000 | −£738,000 | −£1.9m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £4.8m | £4.6m | £1.4m | £2.6m | £2.1m | £1.1m | £2.6m | £1.3m |
| Gross profit | £2.8m | £1.9m | £749,500 | £985,000 | £868,000 | £434,000 | £941,000 | £633,000 |
| Operating income | £1.3m | £257,500 | £2,500 | £91,000 | −£882,000 | −£441,000 | −£592,000 | −£216,500 |
| Net income | £1.2m | £243,000 | −£32,500 | −£363,000 | −£957,000 | −£478,500 | −£504,000 | −£252,000 |
| Diluted earnings per share | 0.01 | 0.00 | -0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.00 |
| Total assets | £8.7m | £7.6m | £7.3m | £7.8m | £7.9m | £7.9m | £8.4m | £8.4m |
| Cash and short-term investments | £1.5m | £827,000 | £1.3m | £700,000 | £732,000 | £732,000 | £740,000 | £740,000 |
| Debt | £615,000 | £939,000 | £788,000 | £930,000 | £816,000 | £442,000 | £943,000 | £435,000 |
| Shareholders' equity | £5.2m | £3.9m | £3.6m | £3.7m | £4.1m | £4.1m | £4.3m | £4.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.3% | 4.9% | 7.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.2% | 44.5% | 44.2% | 46.2% |
| Operating margin | -8.6% | -19.3% | -27.7% | -27.8% |
| Net margin | -10.6% | -20.9% | -28.8% | -27.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 87.0 | -3.3 | -5.7 | -3.6 | -6.6 | -13.4 | -26.9 | -17.8 | -21.6 | -7.3 |
| Price to sales | 2.6 | 0.9 | 1.2 | 1.6 | 5.1 | 3.6 | 6.0 | 3.3 | 7.3 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 40-to-1 reverse split · 5 Mar 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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