H 
34.00p
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
£121.2m
FY2018FY2025
Net income
−£67,000
FY2018FY2025
Free cash flow
£7.0m
FY2018FY2025
Shareholders' equity
£12.2m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £121.2m | £101.9m | £79.8m | £49.5m | £32.8m | £22.9m | £30.7m | £19.9m |
| Gross profit | £16.9m | £15.0m | £14.1m | £9.8m | £6.7m | £4.3m | £4.6m | £3.2m |
| Research and development | £80,000 | £6,000 | £4,000 | £36,555 | £17,505 | £54,555 | — | — |
| Operating income | £2.5m | £3.4m | £2.5m | £705,698 | £786,106 | £996,654 | £1.4m | £1.0m |
| Net income | −£67,000 | −£1.7m | £770,000 | £320,852 | −£56,203 | £1.2m | £1.9m | £787,068 |
| Diluted earnings per share | -0.00 | -0.02 | 0.01 | 0.01 | -0.00 | 0.01 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | £54.2m | £47.5m | £47.7m | £33.9m | £19.4m | £17.7m | £11.4m | £8.8m |
| Cash and short-term investments | £7.2m | £6.4m | £4.2m | £1.2m | £1.7m | £2.3m | £1.2m | £1.2m |
| Total liabilities | £42.0m | £35.8m | £39.0m | £27.1m | £15.9m | £11.4m | £5.8m | £5.1m |
| Debt | £17.1m | £12.7m | £26.9m | £19.5m | £10.7m | £6.0m | £1.6m | £1.4m |
| Shareholders' equity | £12.2m | £11.7m | £8.7m | £6.8m | £3.4m | £6.3m | £5.6m | £3.7m |
| Shares outstanding | 80m | 75m | 62m | 59m | 59m | 81m | 81m | 81m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.3m | £5.2m | £3.1m | −£5.3m | −£1.6m | £3.5m | £586,075 | £628,263 |
| Capital spending | −£235,000 | −£327,000 | −£63,000 | −£228,184 | −£358,146 | −£233,727 | −£180,628 | −£373,014 |
| Free cash flow | £7.0m | £4.9m | £3.0m | −£5.6m | −£2.0m | £3.2m | £405,447 | £255,249 |
| Dividends paid | −£1.4m | −£1.1m | −£562,144 | −£385,202 | −£385,202 | −£385,202 | −£385,202 | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £59.2m | £66.6m | £54.6m | £53.1m | £48.8m | £47.7m | £37.0m | £29.6m |
| Gross profit | £7.6m | £9.7m | £7.2m | £6.9m | £7.1m | £8.4m | £6.1m | £5.7m |
| Operating income | £400,000 | £241,000 | £1.6m | £2.5m | £917,000 | £948,340 | £357,000 | £469,700 |
| Net income | −£700,000 | £33,000 | −£100,000 | £1.4m | £200,000 | £420,235 | £350,000 | £443,852 |
| Diluted earnings per share | -0.01 | 0.00 | -0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 |
| Cash from operations | −£4.0m | £5.0m | £2.0m | — | £5.0m | £3.0m | — | −£3.0m |
| Capital spending | — | — | −£1.0m | £1.0m | −£1.0m | — | — | −£3.0m |
| Free cash flow | — | — | £1.0m | — | £4.0m | — | — | −£6.0m |
| Total assets | £49.6m | £54.2m | £42.0m | £47.5m | £40.3m | £47.7m | £42.3m | £33.9m |
| Cash and short-term investments | £2.7m | £7.2m | £9.8m | £6.4m | £1.7m | £4.2m | £2.6m | £1.2m |
| Debt | £14.0m | £13.1m | £13.6m | £11.4m | £9.4m | £13.4m | £12.2m | £8.6m |
| Shareholders' equity | £11.8m | £12.2m | £13.3m | £11.7m | £8.4m | £8.7m | £8.6m | £6.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.8% | 39.6% | — |
| Operating income | 52.1% | 20.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.3% | 15.8% | 16.3% | — |
| Operating margin | 2.6% | 2.6% | 2.7% | — |
| Net margin | -0.8% | -0.2% | 0.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | -629.8 | -17.8 | 19.5 | 54.4 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 17 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.017 | 0.017 | 0.017 | 0.023 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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