K 
5.45p
-0.91%
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
£27.1m
FY2017FY2026
Net income
£733,000
FY2017FY2026
Free cash flow
£2.7m
FY2017FY2026
Shareholders' equity
£54.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £27.1m | £26.5m | £19.4m | £17.3m | £12.1m | £10.4m | £13.1m | £14.5m | £11.8m | £9.0m |
| Research and development | £1,032 | £3.7m | £793,000 | £882,000 | £1.3m | £1.1m | £5.5m | £5.4m | £5.2m | £4.2m |
| Operating income | £2.9m | £4.7m | −£1.4m | −£6.0m | −£5.7m | −£5.8m | −£5.4m | −£906,000 | −£2.3m | −£3.8m |
| Net income | £733,000 | £3.8m | −£3.3m | −£6.1m | −£4.9m | −£5.4m | −£16.5m | −£633,000 | −£1.1m | −£3.1m |
| Diluted earnings per share | 0.00 | 0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.05 | -0.00 | -0.00 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £70.3m | £65.9m | £70.2m | £63.9m | £67.4m | £70.2m | £64.7m | £75.7m | £47.2m | £49.9m |
| Cash and short-term investments | £4.2m | £1.7m | £466,000 | £1.1m | £5.1m | £15.6m | £9.4m | £20.6m | £9.5m | £20.3m |
| Total liabilities | £15.8m | £13.7m | £20.8m | £22.4m | £20.0m | £20.1m | £19.6m | £15.4m | £6.9m | £7.7m |
| Debt | £9.4m | £4.1m | £12.3m | £13.4m | £11.0m | £12.9m | £9.8m | £9.7m | £3.0m | £3.0m |
| Shareholders' equity | £54.4m | £52.2m | £49.4m | £41.5m | £47.4m | £50.1m | £45.1m | £60.3m | £40.3m | £42.2m |
| Shares outstanding | 646m | 662m | 641m | 574m | 432m | 432m | 347m | 347m | 263m | 264m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.0m | £15.9m | −£2.8m | −£504,000 | −£3.8m | −£1.6m | −£126,000 | −£4.8m | −£4.6m | −£1.5m |
| Capital spending | −£338,000 | −£186,000 | −£5.0m | −£5.3m | −£6.4m | −£6.1m | −£12.5m | −£3.6m | −£272,000 | −£261,000 |
| Free cash flow | £2.7m | £15.7m | −£7.8m | −£5.8m | −£10.3m | −£7.7m | −£12.6m | −£8.4m | −£4.9m | −£1.8m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £12.1m | £15.0m | £22.8m | £3.7m | £12.3m | £7.1m | £10.5m | £6.8m |
| Operating income | −£323,000 | £3.2m | £9.5m | −£4.8m | £643,000 | −£2.0m | −£1.0m | −£5.2m |
| Net income | −£2.3m | £3.1m | £9.4m | −£5.7m | −£226,000 | −£3.1m | −£1.0m | −£5.1m |
| Diluted earnings per share | -0.00 | 0.00 | 0.01 | -0.01 | -0.00 | -0.01 | -0.00 | -0.01 |
| Cash from operations | £1.0m | £1.0m | £14.0m | — | −£1.0m | — | £3.0m | −£4.0m |
| Capital spending | — | — | — | — | — | — | −£2.0m | −£2.0m |
| Free cash flow | — | — | — | — | — | — | £1.0m | −£6.0m |
| Total assets | £70.3m | £65.8m | £65.9m | £66.8m | £70.2m | £68.7m | £63.9m | £65.7m |
| Cash and short-term investments | £4.2m | £1.2m | £1.7m | £577,000 | £466,000 | £3.7m | £1.1m | £956,000 |
| Debt | £6.1m | £1.4m | £399,000 | £12.7m | £8.6m | £9.4m | £9.3m | £9.7m |
| Shareholders' equity | £54.4m | £56.9m | £52.2m | £42.9m | £49.4m | £47.3m | £41.5m | £44.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.1% | 21.2% | 12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.2% | 0.2% | -10.1% | -16.4% |
| Net margin | 8.4% | -5.4% | -13.5% | -22.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 47.6 | 15.7 | -9.7 | -4.5 | -9.8 | -13.2 | -2.3 | -138.9 | -62.8 | -22.4 |
| Price to sales | 1.3 | 2.2 | 1.6 | 1.6 | 4.0 | 6.8 | 2.9 | 6.1 | 5.8 | 7.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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