I 
98.50p
+8.84%
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 USD, from our data supplier.
Revenue
$729.3m
FY2016FY2025
Net income
−$99.7m
FY2016FY2025
Free cash flow
−$2.9m
FY2016FY2025
Shareholders' equity
$262.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $729.3m | $800.1m | $890.3m | $965.1m | $873.2m | $624.3m | $540.5m | $394.9m | $374.9m | $310.0m |
| Gross profit | $106.9m | $142.1m | $133.1m | $119.6m | $152.8m | $114.1m | $102.0m | $84.4m | $77.1m | $56.8m |
| Operating income | $3.6m | $29.5m | $13.2m | $934,000 | $30.3m | $37.1m | $33.8m | $24.8m | $18.4m | $16.5m |
| Net income | −$99.7m | $35.6m | −$28.0m | −$3.3m | $8.2m | $16.5m | $14.4m | $16.3m | $11.6m | $9.5m |
| Diluted earnings per share | -1.05 | 0.37 | -0.29 | -0.03 | 0.08 | 0.20 | 0.19 | 0.25 | 0.18 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $543.6m | $661.3m | $624.6m | $712.9m | $763.3m | $696.5m | $433.1m | $251.6m | $186.6m | $186.5m |
| Cash and short-term investments | $136.5m | $157.4m | $85.2m | $50.2m | $132.8m | $83.2m | $110.9m | $50.9m | $4.4m | $11.0m |
| Total liabilities | $280.7m | $299.7m | $296.4m | $350.8m | $379.7m | $325.3m | $210.2m | $134.9m | $82.6m | $97.5m |
| Debt | $125.7m | $131.0m | $115.2m | $119.9m | $171.0m | $127.4m | $87.5m | $45.6m | $1.2m | $34.1m |
| Shareholders' equity | $262.9m | $361.6m | $328.2m | $362.1m | $383.5m | $371.2m | $223.0m | $116.8m | $103.9m | $89.0m |
| Shares outstanding | 95m | 97m | 98m | 98m | 98m | 83m | 74m | 66m | 64m | 61m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.8m | $77.7m | $46.4m | −$5.9m | $64.7m | $26.8m | $47.0m | $20.7m | $33.3m | $22.2m |
| Capital spending | −$6.7m | −$10.7m | −$5.8m | −$8.5m | −$8.4m | −$14.2m | −$9.5m | −$11.3m | −$6.2m | −$6.2m |
| Free cash flow | −$2.9m | $67.0m | $40.6m | −$14.4m | $56.3m | $12.6m | $37.5m | $9.4m | $27.1m | $16.0m |
| Dividends paid | — | — | — | −$9.3m | −$11.3m | −$9.0m | −$5.5m | −$3.6m | −$2.6m | −$1.4m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $131.4m | $336.2m | $151.3m | $356.0m | $444.1m | $222.0m | $369.1m | $184.6m |
| Gross profit | $25.2m | $39.6m | $35.4m | $48.7m | $93.4m | $46.7m | $46.5m | $23.2m |
| Operating income | $4.3m | −$2.3m | $7.4m | −$7.8m | $37.3m | $16.9m | −$15.8m | −$9.0m |
| Net income | −$146.4m | −$103.7m | $4.0m | $11.7m | $23.9m | $12.3m | −$50.7m | −$25.0m |
| Diluted earnings per share | -1.53 | -1.09 | 0.06 | 0.12 | 0.24 | 0.12 | -0.52 | -0.26 |
| Cash from operations | −$68.0m | $79.0m | −$75.0m | $128.0m | −$50.0m | — | $140.0m | — |
| Capital spending | −$2.0m | −$3.0m | −$3.0m | −$5.0m | −$5.0m | — | −$2.0m | — |
| Free cash flow | −$70.0m | $76.0m | −$78.0m | $123.0m | −$55.0m | — | $138.0m | — |
| Total assets | $249.6m | $543.6m | $725.3m | $661.3m | $768.7m | $762.9m | $624.6m | $618.8m |
| Cash and short-term investments | $5.7m | $136.5m | $48.8m | $157.4m | $71.6m | $71.6m | $85.2m | $85.2m |
| Debt | $39.9m | $112.2m | $88.3m | $115.4m | $119.1m | $118.1m | $97.7m | $97.7m |
| Shareholders' equity | $131.3m | $262.9m | $371.9m | $361.6m | $349.0m | $355.6m | $328.2m | $334.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | 3.2% | 12.3% |
| Operating income | 56.3% | -37.4% | -10.9% |
| Net income | 212.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 14.8% | 15.7% | 16.8% |
| Operating margin | 2.2% | 1.4% | 2.3% | 3.3% |
| Net margin | -4.2% | -2.8% | -1.4% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | 2.4 | -2.9 | -20.8 | 7.3 | 4.9 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Dec 2021.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.088 | 0.09 | 0.065 | 0.048 | 0.035 | 0.019 | 0.108 |
- 3-for-1 split · 6 Sept 1999
- 3-for-1 split · 3 Mar 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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