I 
18.75p
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
£112,800
FY2017FY2026
Net income
−£7.2m
FY2017FY2026
Free cash flow
−£5.4m
FY2017FY2026
Shareholders' equity
£14.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £112,800 | £73,500 | £20,100 | £33,848 | £30,878 | £230,453 | £367,003 | £2.6m | £2.1m | £1.1m |
| Research and development | £4.5m | £3.3m | £3.5m | £4.1m | £4.8m | £2.3m | £2.3m | £2.1m | £2.0m | £2.1m |
| Operating income | −£9.9m | −£7.6m | −£6.2m | −£9.7m | −£8.6m | −£5.9m | −£5.8m | −£2.7m | −£3.3m | −£3.9m |
| Net income | −£7.2m | −£5.9m | −£4.8m | −£7.3m | −£7.1m | −£3.5m | −£3.1m | −£2.3m | −£2.9m | −£3.5m |
| Diluted earnings per share | -0.04 | -0.03 | -0.03 | -0.05 | -0.04 | -0.02 | -0.02 | -0.02 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £16.8m | £19.4m | £22.8m | £26.9m | £33.9m | £16.5m | £18.5m | £7.6m | £4.7m | £7.3m |
| Cash and short-term investments | £5.3m | £8.0m | £11.9m | £15.9m | £23.4m | £9.8m | £14.9m | £4.0m | £2.8m | £5.4m |
| Total liabilities | £2.3m | £2.3m | £2.5m | £2.1m | £2.5m | £2.3m | £1.3m | £1.4m | £959,673 | £1.1m |
| Debt | £1.1m | £470,700 | £625,300 | £618,479 | £847,596 | £827,720 | £226,102 | £647,024 | — | £2.9m |
| Shareholders' equity | £14.4m | £17.2m | £20.4m | £24.8m | £31.4m | £14.2m | £17.2m | £5.9m | £3.8m | £6.2m |
| Shares outstanding | 181m | 179m | 166m | 159m | 159m | 149m | 140m | 102m | 90m | 79m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£4.7m | −£4.2m | −£2.0m | −£6.0m | −£5.6m | −£2.1m | −£2.0m | −£2.0m | −£2.3m | −£3.2m |
| Capital spending | −£664,700 | −£2.1m | −£1.7m | −£1.4m | −£4.4m | −£2.8m | −£1.3m | −£971,443 | −£322,958 | −£253,913 |
| Free cash flow | −£5.4m | −£6.3m | −£3.6m | −£7.5m | −£10.1m | −£5.0m | −£3.3m | −£3.0m | −£2.6m | −£3.5m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £108,300 | £4,500 | £800 | £982,100 | £755,500 | £6,500 | £33,848 | £203,700 |
| Operating income | −£4.8m | −£5.1m | −£4.5m | −£3.1m | −£3.2m | −£4.5m | −£4.5m | −£5.3m |
| Net income | −£3.6m | −£3.7m | −£3.7m | −£2.2m | −£2.2m | −£2.6m | −£3.2m | −£4.1m |
| Diluted earnings per share | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.02 | -0.03 |
| Cash from operations | −£1.0m | −£3.0m | — | −£2.0m | — | −£1.0m | −£2.0m | −£3.0m |
| Total assets | £16.8m | £19.3m | £19.4m | £22.7m | £22.8m | £24.4m | £26.9m | £30.3m |
| Cash and short-term investments | £5.3m | £6.9m | £8.0m | £10.1m | £11.9m | £13.2m | £15.9m | £18.6m |
| Debt | £258,700 | £140,200 | £216,300 | £288,700 | £288,700 | £205,700 | £260,800 | £281,525 |
| Shareholders' equity | £14.4m | £17.7m | £17.2m | £20.8m | £20.4m | £22.5m | £24.8m | £27.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 49.4% | -13.3% | -15.5% |
| Operating income | 0.5% | 11.0% | 9.9% |
| Net income | -0.3% | 15.5% | 7.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -9369.5% | -13914.5% | -9545.9% | -941.3% |
| Net margin | -7052.2% | -10509.0% | -7158.1% | -714.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.0 | -11.3 | -7.4 | -7.8 | -5.4 | -76.6 | -92.5 | -12.9 | -5.1 | -4.3 |
| Price to sales | 317.4 | — | — | — | — | — | — | 11.6 | 7.2 | 14.5 |
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.