I 
144.00p
0.00%
Close of 9 Nov 2026, in pence
Search any instrument
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
£17.2m
FY2017FY2026
Net income
£3.4m
FY2017FY2026
Free cash flow
£3.0m
FY2017FY2026
Shareholders' equity
£19.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £17.2m | £17.7m | £20.0m | £12.1m | £9.9m | £11.0m | £10.4m | £10.1m | £9.2m | £8.3m |
| Gross profit | £15.9m | £17.2m | £19.4m | £11.7m | £9.7m | £10.7m | £10.3m | £10.1m | £9.2m | £8.2m |
| Research and development | £4.1m | £3.6m | £3.3m | £3.1m | £3.0m | £2.9m | £2.8m | £2.9m | £3.7m | £4.0m |
| Operating income | £3.4m | £3.9m | £5.4m | £571,000 | £390,000 | £1.6m | £1.2m | £16,000 | −£4.5m | −£4.7m |
| Net income | £3.4m | £4.1m | £6.0m | £1.3m | £723,000 | £1.5m | £1.0m | £528,000 | −£3.8m | −£3.9m |
| Diluted earnings per share | 0.06 | 0.06 | 0.10 | 0.02 | 0.01 | 0.03 | 0.02 | 0.01 | -0.06 | -0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £30.4m | £28.7m | £25.7m | £17.4m | £12.9m | £13.0m | £11.0m | £8.6m | £7.5m | £8.9m |
| Cash and short-term investments | £20.0m | £18.7m | £17.2m | £8.3m | £7.8m | £8.0m | £4.8m | £3.2m | £2.3m | £6.9m |
| Total liabilities | £11.1m | £11.7m | £12.5m | £10.4m | £7.4m | £8.3m | £12.3m | £10.7m | £10.5m | £8.5m |
| Debt | £1.1m | £619,000 | £804,000 | £465,000 | £756,000 | £1.1m | £6.4m | £6.4m | £4.7m | £4.1m |
| Shareholders' equity | £19.3m | £17.0m | £13.2m | £7.0m | £5.5m | £4.7m | −£1.4m | −£2.1m | −£3.0m | £386,000 |
| Shares outstanding | 60m | 62m | 62m | 62m | 59m | 60m | 53m | 61m | 59m | 50m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.1m | £2.9m | £9.6m | £2.9m | £110,000 | £4.2m | £1.3m | £960,000 | −£5.0m | −£3.0m |
| Capital spending | −£68,000 | −£574,000 | −£358,000 | −£70,000 | −£33,000 | −£95,000 | −£46,000 | −£75,000 | −£29,000 | −£73,000 |
| Free cash flow | £3.0m | £2.3m | £9.3m | £2.8m | £77,000 | £4.1m | £1.3m | £885,000 | −£5.0m | −£3.1m |
| Dividends paid | — | — | — | — | — | −£479,000 | — | — | −£483,000 | −£4.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.9m | £8.2m | £9.2m | £8.5m | £13.0m | £7.0m | £3.5m | £6.0m |
| Gross profit | £8.3m | £7.5m | £8.7m | £8.0m | £12.5m | £6.7m | £3.5m | £6.0m |
| Operating income | £2.2m | £942,000 | £2.6m | £1.3m | £4.3m | £960,000 | £474,000 | −£40,000 |
| Net income | £2.1m | £1.2m | £2.4m | £1.7m | £4.5m | £1.6m | £775,000 | £104,000 |
| Diluted earnings per share | 0.04 | 0.02 | 0.04 | 0.03 | 0.07 | 0.02 | 0.01 | 0.00 |
| Cash from operations | £1.0m | £1.0m | £3.0m | — | £7.0m | £1.0m | — | — |
| Total assets | £30.4m | £25.6m | £28.7m | £25.0m | £25.7m | £16.8m | £16.8m | £17.4m |
| Cash and short-term investments | £20.0m | £17.8m | £18.7m | £16.2m | £17.2m | £9.7m | £9.7m | £8.3m |
| Debt | £155,000 | £142,000 | £124,000 | £187,000 | £173,000 | £121,000 | £143,000 | £261,000 |
| Shareholders' equity | £19.3m | £16.5m | £17.0m | £15.0m | £13.2m | £8.7m | £8.7m | £7.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.3% | 9.4% | 4.5% |
| Operating income | 80.7% | 16.2% | — |
| Net income | 37.1% | 17.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 94.8% | 95.9% | 96.4% | 97.2% |
| Operating margin | 21.0% | 19.9% | 17.4% | 3.9% |
| Net margin | 21.3% | 22.1% | 19.4% | 7.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.3 | 18.6 | 18.4 | 44.3 | 45.6 | 29.3 | 47.3 | 57.9 | -4.3 | -3.6 |
| Price to sales | 5.2 | 4.3 | 5.5 | 4.8 | 3.3 | 4.1 | 4.6 | 3.0 | 1.8 | 1.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.