M 
8.25p
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
£20.3m
FY2016FY2025
Net income
−£1.7m
FY2016FY2025
Free cash flow
£1.5m
FY2016FY2025
Shareholders' equity
−£5.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £20.3m | £16.6m | £12.3m | £6.5m | £2.4m | £1.9m | £6.5m | £7.4m | £4.0m | £4.0m |
| Operating income | −£1.7m | £213,776 | £126,640 | −£872,786 | −£1.3m | −£1.3m | −£2.4m | −£673,177 | −£692,022 | −£1.5m |
| Net income | −£1.7m | −£151,131 | −£160,038 | −£1.0m | −£1.4m | −£1.7m | −£5.9m | −£566,946 | −£701,328 | −£799,610 |
| Diluted earnings per share | -0.07 | -0.01 | -0.01 | -0.05 | -0.07 | -0.08 | -0.27 | -0.03 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.5m | £6.7m | £6.8m | £6.4m | £5.4m | £5.4m | £8.2m | £8.6m | £4.9m | £3.6m |
| Cash and short-term investments | £1.9m | £1.4m | £2.2m | £1.2m | £377,170 | £103,609 | £83,264 | £105,380 | £479,565 | £116,541 |
| Total liabilities | £11.7m | £10.6m | £10.5m | £10.0m | £8.2m | £8.5m | £10.5m | £2.8m | £3.7m | £2.5m |
| Debt | £3.2m | £3.8m | £4.6m | £5.6m | £6.2m | £5.8m | £8.0m | £503,372 | £1.2m | £29,270 |
| Shareholders' equity | −£5.2m | −£3.9m | −£3.8m | −£3.6m | −£2.8m | −£3.1m | −£2.3m | £5.8m | £1.2m | £1.1m |
| Shares outstanding | 24m | 24m | 22m | 22m | 22m | 22m | 22m | 22m | 22m | 22m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.5m | £29,189 | £2.0m | £1.1m | −£1.2m | −£1.0m | −£2.3m | −£2.0m | £199,084 | −£588,127 |
| Capital spending | −£80,561 | −£43,677 | −£58,184 | −£14,545 | −£11,280 | −£11,280 | −£317,152 | −£568,235 | −£28,654 | −£45,899 |
| Free cash flow | £1.5m | −£14,488 | £1.9m | £1.1m | −£1.2m | −£1.1m | −£2.6m | −£2.6m | £170,430 | −£634,026 |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £13.0m | £7.3m | £10.5m | £6.1m | £7.4m | £4.9m | £4.2m | £2.3m |
| Operating income | −£2.3m | £509,000 | −£297,559 | £314,000 | −£368,660 | £479,000 | −£306,490 | −£567,000 |
| Net income | −£2.1m | £376,000 | −£290,131 | £139,000 | −£384,038 | £224,000 | −£407,833 | −£676,000 |
| Diluted earnings per share | -0.09 | 0.02 | -0.01 | 0.01 | -0.02 | 0.01 | -0.02 | -0.03 |
| Cash from operations | — | £1.0m | — | — | — | £1.0m | — | — |
| Total assets | £6.5m | £9.8m | £6.7m | £9.3m | £6.8m | £7.6m | £6.4m | £5.9m |
| Cash and short-term investments | £1.9m | £2.5m | £1.4m | £1.3m | £2.2m | £2.1m | £1.2m | £881,000 |
| Debt | £1.2m | £1.1m | £2.3m | £3.1m | £2.5m | £3.1m | £2.9m | £3.2m |
| Shareholders' equity | −£5.2m | −£3.5m | −£3.9m | −£3.6m | −£3.8m | −£3.4m | −£3.6m | −£3.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 46.2% | 60.6% | 10.2% |
| Operating income | 25.9% | 5.6% | 2.5% |
| Net income | 18.3% | 0.8% | 1.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -4.1% | -4.1% | -8.2% | -12.8% |
| Net margin | -5.1% | -5.5% | -10.3% | -17.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.6 | -33.2 | -34.4 | -2.5 | -0.0 | -0.0 | -0.1 | -0.1 | -0.1 | -0.0 |
| Price to sales | 0.3 | 0.3 | 0.5 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jul 2012.
| FY2012 | FY2011 | FY2010 | FY2005 | |
|---|---|---|---|---|
| Paid in the year | 0.006 | 0.002 | 0.002 | 0.00 |
- 200-for-1 split · 3 Nov 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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