S 
33.00p
+1.54%
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
£102.9m
FY2016FY2026
Net income
£60.2m
FY2016FY2026
Free cash flow
£9.4m
FY2016FY2026
Shareholders' equity
£106.7m
FY2016FY2026
Income statement
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £102.9m | £141.8m | £143.8m | £106.9m | £119.4m | £95.3m | £96.9m | £93.8m | £91.3m | £88.7m |
| Research and development | £5.9m | £4.3m | £4.3m | £4.9m | £3.3m | £2.6m | £3.2m | £4.1m | £4.9m | £1.9m |
| Operating income | £9.1m | £13.9m | £28.3m | £19.9m | £23.7m | £26.6m | £24.2m | £25.8m | £26.2m | £24.3m |
| Net income | £60.2m | −£1.4m | £16.2m | £16.8m | £20.6m | £24.0m | £21.5m | £23.2m | £24.6m | £22.2m |
| Diluted earnings per share | 0.26 | -0.01 | 0.07 | 0.08 | 0.10 | 0.12 | 0.11 | 0.12 | 0.13 | 0.12 |
Balance sheet
At each fiscal year end
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £137.2m | £172.2m | £192.3m | £209.2m | £138.5m | £118.3m | £65.1m | £47.2m | £41.0m | £28.0m |
| Cash and short-term investments | £45.3m | £15.1m | £20.1m | £30.4m | £19.7m | £15.4m | £13.7m | £13.5m | £10.1m | £11.0m |
| Total liabilities | £30.1m | £126.6m | £151.0m | £172.0m | £112.5m | £96.2m | £64.2m | £59.6m | £73.5m | £160.0m |
| Debt | £7.2m | £83.7m | £110.6m | £121.7m | £74.2m | £56.7m | £44.5m | £41.0m | £56.0m | £60.0m |
| Shareholders' equity | £106.7m | £44.9m | £42.4m | £36.5m | £25.3m | £21.3m | £911,000 | −£12.4m | −£32.5m | £249.3m |
| Shares outstanding | 230m | 230m | 219m | 215m | 210m | 209m | 204m | 199m | 190m | 190m |
Cash flow
Fiscal years
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £14.7m | £32.1m | £37.6m | £23.4m | £22.3m | £31.2m | £34.4m | £35.0m | £33.8m | £32.0m |
| Capital spending | −£5.3m | −£8.2m | −£8.0m | −£8.6m | −£17.1m | −£17.4m | −£15.4m | −£7.6m | −£6.0m | −£4.7m |
| Free cash flow | £9.4m | £23.9m | £29.6m | £14.8m | £5.1m | £13.8m | £18.9m | £27.3m | £27.8m | £27.2m |
| Dividends paid | — | — | −£9.1m | −£17.3m | −£16.5m | −£15.3m | −£13.9m | −£8.0m | −£1.9m | −£1.9m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £60.5m | £80.1m | £40.0m | £63.9m | £29.7m | £78.9m | £32.6m | £51.5m |
| Operating income | £9.5m | £12.8m | £6.4m | £1.1m | £544,000 | £20.0m | £8.3m | £11.7m |
| Net income | £1.2m | £6.4m | £3.2m | −£7.8m | −£3.9m | £12.3m | £5.1m | £3.9m |
| Diluted earnings per share | 0.01 | 0.03 | 0.01 | -0.03 | -0.02 | 0.06 | 0.02 | 0.02 |
| Cash from operations | £1.0m | £11.0m | £7.0m | £12.0m | — | £28.0m | £10.0m | £8.0m |
| Capital spending | −£1.0m | −£3.0m | −£1.0m | −£1.0m | — | −£4.0m | — | −£3.0m |
| Free cash flow | £0 | £8.0m | £6.0m | £11.0m | — | £24.0m | — | £5.0m |
| Total assets | £178.2m | £172.2m | £172.2m | £182.7m | £182.7m | £192.3m | £194.1m | £198.0m |
| Cash and short-term investments | £12.7m | £15.1m | £15.1m | £20.0m | £20.0m | £20.1m | £20.1m | £21.4m |
| Debt | £82.8m | £81.2m | £12.4m | £91.7m | £17.5m | £107.0m | £17.3m | £115.4m |
| Shareholders' equity | £46.0m | £44.9m | £44.9m | £42.0m | £42.0m | £42.4m | £42.4m | £39.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.3% | 1.6% | 2.6% |
| Operating income | -22.9% | -19.3% | -8.4% |
| Net income | 53.1% | 20.2% | 10.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.4% | 14.4% | 17.1% | 21.0% |
| Net margin | 24.1% | 18.5% | 19.2% | 21.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 1.2 | -80.5 | 10.1 | 6.5 | 11.4 | 7.0 | 6.8 | 4.5 | 4.2 |
| Price to sales | 0.7 | 0.8 | 1.1 | 1.0 | 2.0 | 1.8 | 1.5 | 1.1 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Nov 2023.
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.042 | 0.084 | 0.08 | 0.077 | 0.073 | 0.042 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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