N 
134.50p
+1.51%
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
£57.7m
FY2017FY2026
Net income
£1.6m
FY2017FY2026
Free cash flow
£10.5m
FY2017FY2026
Shareholders' equity
£49.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £57.7m | £48.0m | £39.1m | £36.0m | £30.5m | £27.2m | £25.1m | £22.9m | £21.9m | £16.2m |
| Gross profit | £44.3m | £36.7m | £33.4m | £30.3m | £25.4m | £24.5m | £22.2m | £20.6m | £19.7m | £14.8m |
| Research and development | £5.5m | £4.0m | £3.3m | £2.7m | £2.5m | £2.2m | £1.9m | £1.7m | £1.9m | £1.5m |
| Operating income | £6.0m | £6.0m | £5.6m | £3.8m | £3.2m | £1.8m | £1.2m | £1.5m | £782,000 | £1.6m |
| Net income | £1.6m | £4.0m | £5.9m | £4.2m | £2.4m | £974,000 | £487,000 | £610,000 | £136,000 | £1.5m |
| Diluted earnings per share | 0.01 | 0.02 | 0.03 | 0.03 | 0.01 | 0.01 | 0.00 | 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 | £105.5m | £88.3m | £77.0m | £65.5m | £57.0m | £51.8m | £50.3m | £45.4m | £45.0m | £30.2m |
| Cash and short-term investments | £21.1m | £27.2m | £34.0m | £24.8m | £17.6m | £14.5m | £12.7m | £7.9m | £7.3m | £12.7m |
| Total liabilities | £56.4m | £44.3m | £36.5m | £30.2m | £29.6m | £27.2m | £27.5m | £23.4m | £23.3m | £9.2m |
| Debt | £894,000 | £1.0m | £481,000 | £405,000 | £4.2m | £7.7m | £7.9m | £6.6m | £6.5m | £6.3m |
| Shareholders' equity | £49.2m | £44.0m | £40.5m | £35.4m | £27.4m | £24.6m | £22.9m | £21.9m | £21.7m | £21.0m |
| Shares outstanding | 179m | 169m | 168m | 167m | 161m | 158m | 151m | 149m | 153m | 147m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £10.8m | £10.3m | £14.7m | £11.6m | £10.0m | £5.7m | £9.4m | £6.9m | £2.2m | £4.4m |
| Capital spending | −£300,000 | −£222,000 | −£2.6m | −£2.7m | −£1.9m | −£2.8m | −£1.9m | −£3.0m | −£2.1m | −£1.7m |
| Free cash flow | £10.5m | £10.1m | £12.2m | £8.8m | £8.0m | £2.9m | £7.6m | £3.9m | £145,000 | £2.6m |
| Dividends paid | −£1.6m | −£1.5m | −£1.3m | −£839,000 | −£554,000 | −£369,000 | −£287,000 | −£758,000 | −£3.1m | −£4.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £31.2m | £26.5m | £24.9m | £23.0m | £20.1m | £18.9m | £18.5m | £17.5m |
| Gross profit | £24.3m | £20.0m | £19.1m | £17.6m | £15.9m | £15.3m | £14.6m | £13.5m |
| Operating income | £2.3m | £3.7m | £2.3m | £3.7m | £2.1m | £3.4m | £1.4m | £2.7m |
| Net income | £340,000 | £1.2m | £1.2m | £2.9m | £2.3m | £3.6m | £1.8m | £2.4m |
| Diluted earnings per share | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 |
| Cash from operations | £10.0m | — | £8.0m | £1.0m | £9.0m | £5.0m | £6.0m | £5.0m |
| Capital spending | — | — | — | — | — | −£1.0m | −£1.0m | −£1.0m |
| Free cash flow | — | — | — | — | — | £4.0m | £5.0m | £4.0m |
| Total assets | £105.5m | £95.1m | £88.3m | £82.3m | £77.0m | £68.5m | £65.5m | £60.3m |
| Cash and short-term investments | £21.1m | £14.8m | £27.2m | £22.0m | £34.0m | £28.6m | £24.8m | £20.5m |
| Debt | £216,000 | £288,000 | £266,000 | £166,000 | £123,000 | £108,000 | £113,000 | £119,000 |
| Shareholders' equity | £49.2m | £47.9m | £44.0m | £42.3m | £40.5m | £37.8m | £35.4m | £32.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.0% | 16.3% | 13.2% |
| Operating income | 16.3% | 27.9% | 14.0% |
| Net income | -28.0% | 10.0% | -1.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.6% | 80.0% | 81.7% | 84.2% |
| Operating margin | 11.3% | 11.8% | 11.0% | 9.7% |
| Net margin | 5.3% | 8.7% | 8.0% | 6.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 151.2 | 46.1 | 30.6 | 35.8 | 65.3 | 111.7 | 157.9 | 94.8 | 338.8 | 48.0 |
| Price to sales | 4.1 | 3.9 | 4.6 | 4.2 | 5.1 | 4.0 | 3.1 | 2.5 | 2.1 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 15 years. Last went ex-dividend on 29 Dec 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.009 | 0.009 | 0.008 | 0.005 | 0.004 | 0.003 | 0.002 | 0.005 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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