O 
0.10p
0.00%
Close of 9 Nov 2026, in pence
Search any instrument
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
£1.1m
FY2016FY2025
Net income
−£11.2m
FY2016FY2025
Free cash flow
−£7.7m
FY2016FY2025
Shareholders' equity
£1.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.1m | £636,000 | £510,000 | £154,000 | £341,000 | £456,000 | £907,000 | £1.2m | £1.2m | £1.1m |
| Research and development | £615,000 | £809,000 | £758,000 | £526,000 | £898,000 | £622,000 | £468,000 | £693,000 | £407,000 | £516,000 |
| Operating income | −£10.7m | −£12.9m | −£11.0m | −£8.6m | −£7.5m | −£5.0m | −£3.7m | −£2.6m | −£4.0m | −£2.3m |
| Net income | −£11.2m | −£11.6m | −£10.8m | −£6.7m | −£6.7m | −£4.3m | −£2.8m | −£2.0m | −£3.8m | −£1.7m |
| Diluted earnings per share | -0.01 | -0.04 | -0.07 | -0.07 | -0.07 | -0.05 | -0.03 | -0.02 | -0.07 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £8.1m | £12.1m | £16.1m | £11.3m | £15.4m | £15.4m | £18.8m | £20.9m | £12.7m | £9.0m |
| Cash and short-term investments | £1.4m | £2.8m | £5.3m | £999,000 | £4.3m | £11.5m | £15.5m | £18.3m | £10.8m | £7.3m |
| Total liabilities | £7.0m | £7.8m | £10.1m | £8.8m | £8.7m | £1.8m | £1.2m | £892,000 | £1.1m | £1.3m |
| Debt | £5.1m | £5.7m | £6.4m | £6.1m | £6.6m | £541,000 | £10.3m | — | — | — |
| Shareholders' equity | £1.1m | £4.4m | £6.1m | £2.6m | £6.7m | £13.6m | £17.6m | £20.0m | £11.6m | £7.7m |
| Shares outstanding | 1,119m | 312m | 154m | 100m | 93m | 93m | 93m | 88m | 57m | 84m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£7.7m | −£10.2m | −£8.4m | −£5.2m | −£5.9m | −£3.4m | −£2.3m | −£1.9m | −£1.5m | −£1.3m |
| Capital spending | −£17,000 | −£595,000 | −£716,000 | −£901,000 | −£3.1m | −£457,000 | −£632,000 | −£776,000 | −£425,000 | −£208,000 |
| Free cash flow | −£7.7m | −£10.8m | −£9.2m | −£6.1m | −£9.0m | −£3.9m | −£2.9m | −£2.7m | −£2.0m | −£1.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £687,000 | £508,000 | £587,000 | £309,000 | £327,000 | £290,000 | £220,000 | £69,000 |
| Operating income | −£4.7m | −£4.8m | −£5.9m | −£6.1m | −£6.4m | −£6.0m | −£5.0m | −£4.7m |
| Net income | −£4.5m | −£5.4m | −£5.8m | −£6.8m | −£4.7m | −£6.4m | −£4.4m | −£3.7m |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.02 | -0.02 | -0.04 | -0.03 | -0.04 |
| Cash from operations | −£4.0m | −£2.0m | −£4.0m | −£6.0m | −£3.0m | −£3.0m | −£5.0m | −£3.0m |
| Total assets | £9.1m | £8.1m | £13.3m | £12.1m | £11.1m | £16.1m | £14.3m | £11.3m |
| Cash and short-term investments | £2.5m | £1.4m | £4.3m | £2.8m | £1.2m | £5.3m | £3.6m | £999,000 |
| Debt | £903,000 | £1.3m | £852,000 | £1.0m | £840,000 | £818,000 | £737,000 | £736,000 |
| Shareholders' equity | £3.3m | £1.1m | £5.9m | £4.4m | £1.6m | £6.1m | £6.7m | £2.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 92.3% | 19.1% | 4.5% |
| Operating income | 7.4% | 16.6% | 24.0% |
| Net income | 18.5% | 20.9% | 27.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1360.9% | -1803.1% | -1743.3% | -841.9% |
| Net margin | -1312.5% | -1680.8% | -1605.6% | -757.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.2 | -0.3 | -1.1 | -0.7 | -1.4 | -4.7 | -10.2 | -24.8 | -6.7 | -19.4 |
| Price to sales | 2.2 | 4.5 | 22.3 | 29.4 | 27.3 | 44.4 | 31.4 | 40.9 | 21.6 | 30.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.