I 
3.35p
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
£1.6m
FY2016FY2025
Net income
−£288,024
FY2016FY2025
Free cash flow
£266,872
FY2016FY2025
Shareholders' equity
£1.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.6m | £2.9m | £3.0m | £2.0m | £2.9m | £3.5m | £2.4m | £3.5m | £5.0m | £3.3m |
| Gross profit | £946,325 | £1.5m | £1.4m | £1.1m | £1.5m | £1.7m | £1.3m | £1.6m | £1.9m | £1.4m |
| Research and development | — | £126,646 | £184,827 | £218,194 | £146,487 | £299,804 | £408,531 | £383,187 | £291,593 | £317,841 |
| Operating income | −£291,928 | £201,545 | £95,493 | −£343,537 | £188,721 | £92,720 | −£402,703 | £48,264 | £477,091 | £104,782 |
| Net income | −£288,024 | £207,011 | £123,939 | −£271,525 | £239,896 | £137,955 | −£367,872 | −£219,689 | £580,188 | £105,453 |
| Diluted earnings per share | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.3m | £2.7m | £2.4m | £2.4m | £2.7m | £2.2m | £2.1m | £2.6m | £4.0m | £2.4m |
| Cash and short-term investments | £1.1m | £911,468 | £958,465 | £689,543 | £1.2m | £1.4m | £640,489 | £781,635 | £1.3m | £1.1m |
| Total liabilities | £886,233 | £973,296 | £910,621 | £1.0m | £1.0m | £829,902 | £864,037 | £944,965 | £2.2m | £1.7m |
| Debt | £93,859 | £155,656 | £164,308 | £201,753 | £232,952 | £88,522 | −£620,233 | −£151,056 | −£679,763 | −£691,001 |
| Shareholders' equity | £1.4m | £1.7m | £1.5m | £1.4m | £1.6m | £1.4m | £1.3m | £1.6m | £1.8m | £740,051 |
| Shares outstanding | 137m | 137m | 137m | 137m | 136m | 136m | 136m | 152m | 147m | 141m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £309,750 | £61,394 | £429,573 | −£290,048 | £2,361 | £769,006 | −£115,133 | −£465,877 | −£262,621 | £603,401 |
| Capital spending | −£42,878 | −£75,242 | −£124,290 | −£179,207 | −£129,470 | −£9,590 | −£9,990 | −£2,988 | −£23,021 | −£18,942 |
| Free cash flow | £266,872 | −£13,848 | £305,283 | −£469,255 | −£127,109 | £759,416 | −£125,123 | −£468,865 | −£285,642 | £584,459 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.3m | £1.3m | £350,000 | £1.8m | £1.1m | £1.5m | £1.5m | £730,000 |
| Gross profit | £679,000 | £741,325 | £205,000 | £942,801 | £569,000 | £728,211 | £707,000 | £354,000 |
| Operating income | £71,000 | £133,072 | −£425,000 | £320,071 | −£122,000 | £61,560 | £19,000 | £8,000 |
| Net income | £75,000 | £133,976 | −£422,000 | £326,011 | −£119,000 | £107,939 | £16,000 | £8,000 |
| Diluted earnings per share | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | — |
| Total assets | £2.4m | £2.3m | £1.8m | £2.7m | £2.3m | £2.4m | £2.5m | £2.5m |
| Cash and short-term investments | £995,000 | £1.1m | £512,000 | £911,468 | £759,000 | £958,465 | £1.0m | £1.0m |
| Debt | — | £48,467 | — | £53,158 | — | £37,625 | — | £141,000 |
| Shareholders' equity | £1.5m | £1.4m | £1.3m | £1.7m | £1.4m | £1.5m | £1.4m | £1.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.9% | -14.2% | -0.5% |
| Operating income | -5.3% | — | -6.2% |
| Net income | 2.0% | — | -6.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 54.9% | 52.6% | 52.0% | 47.7% |
| Operating margin | -2.0% | -3.6% | -0.4% | -1.2% |
| Net margin | -1.8% | -2.4% | 0.9% | -1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -10.1 | 17.1 | 19.6 | -9.5 | 10.9 | 17.7 | -5.9 | -10.8 | 12.2 | 51.7 |
| Price to sales | 1.8 | 1.2 | 0.8 | 1.3 | 0.9 | 0.7 | 0.9 | 0.7 | 1.4 | 1.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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