M 
57.50p
-6.50%
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 USD, from our data supplier.
Revenue
$51.5m
FY2016FY2025
Net income
$5.0m
FY2016FY2025
Free cash flow
$6.5m
FY2016FY2025
Shareholders' equity
$30.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.5m | $45.6m | $45.6m | $46.3m | $43.2m | $40.9m | $40.0m | $35.5m | $34.7m | $23.3m |
| Gross profit | $16.7m | $14.2m | $14.7m | $14.6m | $13.5m | $13.1m | $12.8m | $12.1m | $9.5m | $8.5m |
| Research and development | $1.2m | $1.0m | $1.0m | $1.1m | $965,000 | $1.0m | $1.2m | $1.1m | $927,000 | $1.1m |
| Operating income | $5.8m | $4.5m | $4.7m | $4.6m | $4.4m | $4.1m | $3.5m | $2.9m | $2.4m | $1.5m |
| Net income | $5.0m | $4.4m | $4.0m | $3.7m | $3.6m | $3.4m | $2.8m | $2.3m | $2.0m | $936,000 |
| Diluted earnings per share | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $49.1m | $44.8m | $44.7m | $40.5m | $40.9m | $36.1m | $34.2m | $29.3m | $27.4m | $26.2m |
| Cash and short-term investments | $9.5m | $6.3m | $8.5m | $8.3m | $12.6m | $9.6m | $8.1m | $5.4m | $5.5m | $4.4m |
| Total liabilities | $17.6m | $15.3m | $15.5m | $12.4m | $13.9m | $10.6m | $11.0m | $8.3m | $6.9m | $7.0m |
| Debt | $1.1m | $1.2m | $1.3m | $893,000 | $936,000 | $528,000 | $1.1m | $1.0m | $1.8m | $2.5m |
| Shareholders' equity | $30.9m | $28.5m | $28.0m | $26.8m | $25.9m | $24.6m | $22.4m | $20.6m | $20.1m | $18.9m |
| Shares outstanding | 88m | 88m | 88m | 89m | 88m | 89m | 88m | 87m | 53m | 52m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $7.0m | $3.1m | $3.5m | $3.6m | $6.6m | $4.0m | $5.6m | $2.3m | $1.4m | $1.2m |
| Capital spending | −$540,000 | −$891,000 | −$426,000 | −$552,000 | −$835,000 | −$454,000 | −$707,000 | −$515,000 | −$447,000 | −$314,000 |
| Free cash flow | $6.5m | $2.2m | $3.1m | $3.0m | $5.8m | $3.5m | $4.9m | $1.7m | $983,000 | $885,000 |
| Dividends paid | −$2.9m | −$2.7m | −$2.7m | −$2.5m | −$2.2m | −$1.8m | −$1.3m | −$1.7m | −$635,000 | −$568,000 |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.5m | $13.6m | $13.7m | $12.5m | $12.3m | $11.8m | $11.4m | $11.1m |
| Gross profit | $4.2m | $4.5m | $4.3m | $4.2m | $3.9m | $3.6m | $3.7m | $3.5m |
| Operating income | $1.5m | $1.6m | $1.7m | $1.3m | $1.3m | $1.0m | $1.2m | $1.1m |
| Net income | $1.2m | $1.3m | $1.6m | $1.2m | $1.0m | $1.2m | $1.3m | $948,000 |
| Diluted earnings per share | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cash from operations | — | $2.0m | $1.0m | — | $2.0m | $1.0m | — | — |
| Total assets | $48.5m | $49.1m | $46.8m | $44.3m | $45.5m | $44.8m | $42.1m | $42.0m |
| Cash and short-term investments | $8.7m | $9.5m | $6.6m | $5.5m | $8.5m | $6.3m | $5.1m | $6.0m |
| Debt | $63,995 | $551,000 | $159,000 | $427,000 | $340,778 | $604,000 | $325,000 | $501,000 |
| Shareholders' equity | $32.1m | $30.9m | $29.4m | $27.8m | $29.5m | $28.5m | $27.5m | $26.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.6% | 4.7% | 10.1% |
| Operating income | 8.2% | 7.4% | 12.7% |
| Net income | 10.7% | 8.4% | 15.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.9% | 31.9% | 31.8% | 32.3% |
| Operating margin | 10.6% | 10.4% | 10.3% | 9.4% |
| Net margin | 9.7% | 9.1% | 8.8% | 7.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.9 | 11.7 | 10.3 | 17.8 | 25.6 | 25.9 | 16.6 | 9.7 | 9.1 | 16.0 |
| Price to sales | 1.1 | 1.1 | 0.9 | 1.4 | 2.1 | 2.1 | 1.2 | 0.6 | 0.5 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 26 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.034 | 0.033 | 0.031 | 0.03 | 0.028 | 0.025 | 0.02 | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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