I 
13.00p
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
£6.5m
FY2016FY2025
Net income
−£1.7m
FY2016FY2025
Free cash flow
−£934,000
FY2016FY2025
Shareholders' equity
£11.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £6.5m | £5.8m | £6.7m | £8.6m | £9.2m | £9.5m | £7.6m | £5.4m | £4.1m | £3.3m |
| Gross profit | £2.9m | £2.7m | £3.3m | £4.8m | £5.5m | £5.9m | £4.9m | £3.2m | £2.3m | £1.6m |
| Research and development | £1.3m | £1.5m | £925,000 | £1.2m | £1.2m | £1.3m | £1.0m | £1.0m | £1.3m | £1.6m |
| Operating income | −£2.5m | −£2.2m | −£1.4m | £908,000 | £1.1m | £236,000 | £364,000 | −£797,000 | −£1.4m | −£2.2m |
| Net income | −£1.7m | −£2.0m | −£1.2m | £1.0m | £1.5m | £952,000 | £432,000 | −£668,000 | −£1.5m | −£2.1m |
| Diluted earnings per share | -0.02 | -0.04 | -0.02 | 0.02 | 0.03 | 0.02 | 0.01 | -0.02 | -0.06 | -0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £13.8m | £11.2m | £13.0m | £14.7m | £14.3m | £12.1m | £10.7m | £10.3m | £4.5m | £5.7m |
| Cash and short-term investments | £3.5m | £1.8m | £4.0m | £5.8m | £6.7m | £7.9m | £7.3m | £7.9m | £2.4m | £3.1m |
| Total liabilities | £2.1m | £1.7m | £1.6m | £2.2m | £2.8m | £3.0m | £2.8m | £3.0m | £1.8m | £1.6m |
| Debt | £179,000 | £314,000 | £387,000 | £516,000 | £597,000 | £213,000 | −£414,000 | — | — | — |
| Shareholders' equity | £11.7m | £9.5m | £11.4m | £12.5m | £11.5m | £9.1m | £7.9m | £7.3m | £2.7m | £4.1m |
| Shares outstanding | 93m | 48m | 48m | 51m | 51m | 47m | 47m | 40m | 27m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£883,000 | −£1.7m | £302,000 | £1.4m | £614,000 | £1.9m | −£130,000 | £355,000 | −£644,000 | −£1.5m |
| Capital spending | −£51,000 | −£471,000 | −£2.0m | −£2.2m | −£2.2m | −£1.1m | −£217,000 | −£60,000 | −£21,000 | −£24,000 |
| Free cash flow | −£934,000 | −£2.2m | −£1.7m | −£815,000 | −£1.5m | £795,000 | −£347,000 | £295,000 | −£665,000 | −£1.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.9m | £3.3m | £3.2m | £3.2m | £2.5m | £3.5m | £3.2m | £1.6m |
| Gross profit | £2.0m | £1.5m | £1.6m | £1.6m | £1.0m | £1.6m | £1.3m | £738,000 |
| Operating income | −£1.2m | −£1.4m | −£929,000 | −£1.1m | −£1.6m | −£728,000 | −£1.1m | −£464,000 |
| Net income | −£1.1m | −£693,000 | −£958,000 | −£588,000 | −£1.4m | −£453,000 | −£725,000 | −£362,000 |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.01 | -0.01 | -0.01 |
| Cash from operations | −£1.0m | — | — | — | −£1.0m | — | — | — |
| Capital spending | — | — | — | — | — | −£1.0m | — | — |
| Total assets | £13.0m | £13.8m | £14.1m | £11.2m | £11.6m | £13.0m | £13.8m | £13.8m |
| Cash and short-term investments | £1.7m | £3.5m | £5.0m | £1.8m | £2.5m | £4.0m | £5.0m | £5.0m |
| Debt | £110,000 | £149,000 | £193,000 | £164,000 | £115,000 | £112,000 | £186,000 | £321,000 |
| Shareholders' equity | £10.7m | £11.7m | £12.3m | £9.5m | £10.0m | £11.4m | £11.9m | £11.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | -7.3% | 7.7% |
| Operating income | — | — | 8.2% |
| Net income | — | — | 3.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.7% | 49.5% | 54.2% | 55.8% |
| Operating margin | -38.1% | -18.9% | -8.3% | -13.0% |
| Net margin | -29.7% | -13.8% | -2.9% | -9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.6 | -2.8 | -5.1 | 12.6 | 20.1 | 31.0 | 59.5 | -8.6 | -3.9 | -0.8 |
| Price to sales | 1.7 | 1.0 | 0.9 | 1.5 | 3.3 | 3.1 | 3.4 | 1.1 | 1.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 4 Sept 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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