O 
36.50p
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
£44.8m
FY2016FY2025
Net income
−£681,000
FY2016FY2025
Free cash flow
£7.9m
FY2016FY2025
Shareholders' equity
£66.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £44.8m | £41.5m | £44.2m | £28.8m | £27.6m | £30.3m | £35.4m | £31.7m | £29.2m | £26.3m |
| Gross profit | £27.5m | £27.6m | £28.7m | £18.1m | £17.2m | £19.1m | £25.2m | £22.9m | £20.6m | £18.7m |
| Research and development | £3.7m | £5.2m | £6.5m | £3.5m | £3.5m | £2.5m | £4.2m | £3.3m | £3.2m | £5.4m |
| Operating income | £325,000 | £724,000 | £4.9m | £3.1m | £3.7m | £1.8m | £4.7m | £4.3m | £3.9m | £5.1m |
| Net income | −£681,000 | £758,000 | £5.7m | £3.3m | £2.9m | £1.6m | £4.2m | £3.5m | £3.1m | £4.7m |
| Diluted earnings per share | -0.01 | 0.01 | 0.04 | 0.03 | 0.02 | 0.01 | 0.03 | 0.03 | 0.02 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £86.9m | £93.6m | £99.2m | £94.7m | £51.1m | £45.6m | £44.2m | £40.6m | £40.2m | £37.7m |
| Cash and short-term investments | £37.3m | £50.7m | £66.0m | £67.7m | £23.0m | £14.9m | £13.8m | £12.2m | £9.2m | £8.3m |
| Total liabilities | £20.5m | £14.5m | £18.0m | £16.3m | £18.6m | £14.9m | £13.0m | £10.6m | £12.9m | £10.9m |
| Debt | £3.5m | £3.8m | £4.4m | £1.5m | £2.1m | £2.3m | £4.9m | £3.5m | £3.4m | £3.1m |
| Shareholders' equity | £66.4m | £79.1m | £81.2m | £78.4m | £32.4m | £30.7m | £31.2m | £30.0m | £27.3m | £26.8m |
| Shares outstanding | 124m | 131m | 130m | 130m | 127m | 127m | 128m | 130m | 127m | 122m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £8.4m | −£432,000 | £3.4m | £3.3m | £14.4m | £6.3m | £7.3m | £6.0m | £5.6m | £3.1m |
| Capital spending | −£457,000 | −£4.7m | −£3.6m | −£4.1m | −£3.0m | −£2.8m | −£467,000 | −£1.2m | −£1.7m | −£526,000 |
| Free cash flow | £7.9m | −£5.1m | −£267,000 | −£788,000 | £11.3m | £3.4m | £6.8m | £4.8m | £3.9m | £2.6m |
| Dividends paid | −£4.2m | −£3.6m | −£3.2m | −£2.5m | −£2.3m | −£2.3m | −£3.1m | −£1.5m | −£1.2m | −£5.3m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £20.7m | £24.7m | £10.1m | £17.9m | £23.5m | £23.0m | £21.3m | £16.3m |
| Gross profit | £13.7m | £15.8m | £6.6m | £11.9m | £15.7m | £14.6m | £14.2m | £11.0m |
| Operating income | −£925,000 | £1.0m | −£667,500 | −£212,000 | £2.3m | £1.5m | £3.4m | £2.0m |
| Net income | −£754,000 | £133,000 | −£643,000 | −£654,000 | £1.4m | £2.4m | £3.2m | £2.6m |
| Diluted earnings per share | -0.01 | 0.00 | -0.01 | -0.00 | 0.01 | 0.02 | 0.02 | 0.02 |
| Cash from operations | £1.0m | £4.0m | £3.0m | — | £2.0m | £3.0m | — | — |
| Capital spending | — | — | — | — | — | −£2.0m | −£1.0m | −£2.0m |
| Free cash flow | — | — | — | — | — | £1.0m | — | — |
| Total assets | £78.4m | £86.9m | £88.8m | £93.6m | £97.0m | £100.8m | £92.9m | £94.7m |
| Cash and short-term investments | £31.7m | £37.3m | £39.9m | £50.7m | £54.8m | £66.0m | £11.6m | £67.7m |
| Debt | £1.2m | £1.4m | £1.4m | £1.2m | £1.2m | £1.9m | £407,000 | £440,000 |
| Shareholders' equity | £60.9m | £66.4m | £70.3m | £79.1m | £79.9m | £81.2m | £78.4m | £78.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.8% | 8.1% | 5.7% |
| Operating income | -53.0% | -28.8% | -23.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.8% | 64.0% | 63.6% | 66.2% |
| Operating margin | 1.2% | 5.7% | 6.7% | 10.2% |
| Net margin | 0.1% | 5.7% | 6.3% | 9.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -91.2 | 96.6 | 24.7 | 42.0 | 49.7 | 75.1 | 32.5 | 26.6 | 23.7 | 12.7 |
| Price to sales | 1.4 | 1.8 | 3.1 | 4.9 | 5.3 | 4.0 | 3.8 | 3.0 | 2.5 | 2.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.033 | 0.028 | 0.025 | 0.02 | 0.018 | 0.018 | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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