L 
82.50p
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
£21.5m
FY2016FY2025
Net income
−£349,000
FY2016FY2025
Free cash flow
−£1.1m
FY2016FY2025
Shareholders' equity
£16.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £21.5m | £23.5m | £21.7m | £19.3m | £18.3m | £20.7m | £19.5m | £28.0m | £22.5m | £21.4m |
| Gross profit | £4.8m | £5.5m | £4.9m | £4.4m | £3.7m | £4.7m | £4.4m | £7.1m | £6.3m | £6.3m |
| Research and development | — | £163,000 | £121,000 | £77,000 | £80,000 | £773,000 | £566,000 | £613,000 | £552,000 | £572,000 |
| Operating income | −£1.3m | −£626,000 | £707,000 | £1.1m | −£348,000 | £616,000 | £265,000 | £2.1m | £2.0m | £1.5m |
| Net income | −£349,000 | −£325,000 | £859,000 | £1.2m | −£22,000 | £595,000 | −£52,000 | £1.8m | £1.8m | £1.5m |
| Diluted earnings per share | -0.03 | -0.02 | 0.07 | 0.09 | -0.00 | 0.05 | -0.00 | 1.66 | 0.29 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £26.2m | £25.6m | £23.0m | £22.1m | £22.0m | £20.6m | £19.8m | £21.2m | £18.9m | £15.5m |
| Cash and short-term investments | — | £715,000 | £1.2m | £2.2m | £1.4m | £845,000 | £889,000 | £956,000 | £119,000 | £149,000 |
| Total liabilities | £10.2m | £9.4m | £7.3m | £7.3m | £7.9m | £8.1m | £7.5m | £8.5m | £8.2m | £6.8m |
| Debt | £3.4m | £2.8m | £2.4m | £2.7m | £3.0m | £3.5m | £3.3m | £2.9m | £2.9m | £2.7m |
| Shareholders' equity | £16.0m | £16.2m | £15.7m | £14.8m | £13.7m | £12.6m | £12.3m | £12.7m | £10.7m | £8.7m |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 13m | 12m | 1m | 6m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£986,000 | £1.3m | £285,000 | £77,000 | £1.2m | £773,000 | £660,000 | £2.4m | £1.5m | £1.2m |
| Capital spending | −£74,000 | −£1.1m | −£196,000 | −£251,000 | −£283,000 | −£272,000 | −£523,000 | −£523,000 | −£1.7m | −£1.3m |
| Free cash flow | −£1.1m | £108,000 | £89,000 | −£174,000 | £906,000 | £501,000 | £137,000 | £1.9m | −£178,000 | −£83,000 |
| Dividends paid | — | −£132,000 | — | — | — | — | −£357,000 | −£339,000 | −£315,000 | −£238,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £13.8m | £12.0m | £9.5m | £12.0m | £11.6m | £12.6m | £9.1m | £10.7m |
| Gross profit | £4.0m | £3.1m | £1.6m | £3.2m | £2.3m | £3.2m | £1.8m | £3.0m |
| Operating income | £418,000 | £37,000 | −£1.1m | −£91,000 | −£349,000 | £395,000 | −£625,000 | £1.7m |
| Net income | £382,000 | −£152,000 | −£197,000 | −£25,000 | −£300,000 | £1.3m | −£445,000 | £1.6m |
| Diluted earnings per share | 0.03 | -0.01 | -0.01 | -0.00 | -0.02 | 0.10 | -0.03 | 0.12 |
| Cash from operations | −£1.0m | — | −£1.0m | — | — | — | — | — |
| Total assets | £28.1m | £26.2m | £25.6m | £25.6m | £25.0m | £23.4m | £21.6m | £22.1m |
| Cash and short-term investments | £494,000 | — | — | £715,000 | £1.5m | £1.2m | £1.5m | £2.2m |
| Debt | £6.1m | £3.6m | £3.7m | £2.7m | £2.7m | £2.2m | £2.3m | £2.5m |
| Shareholders' equity | £16.4m | £16.0m | £15.8m | £16.2m | £16.1m | £15.7m | £14.4m | £14.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.7% | 0.8% | 2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.7% | 22.7% | 22.3% | 24.3% |
| Operating margin | -4.3% | -0.1% | 0.1% | 2.9% |
| Net margin | -1.5% | 1.6% | 1.6% | 3.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.8 | -27.3 | 12.4 | 8.5 | -379.9 | 18.2 | -208.8 | 0.6 | 5.5 | 9.2 |
| Price to sales | 0.2 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.0 | 0.4 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Mar 2024.
| FY2024 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.018 | 0.029 | 0.028 | 0.026 | 0.02 | 0.017 | 0.016 |
- 1.1-for-1 split · 8 Mar 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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