O 
5.55p
-0.89%
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
£1.2m
FY2016FY2025
Net income
−£3.9m
FY2016FY2025
Free cash flow
−£3.5m
FY2016FY2025
Shareholders' equity
£6.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.2m | £870,000 | £644,000 | £457,000 | £2.2m | £1.5m | £744,883 | £514,289 | £191,073 | £288,119 |
| Research and development | £320,000 | £294,000 | £40,000 | £68,000 | £64,319 | £85,703 | £167,869 | £160,673 | £302,392 | £308,083 |
| Operating income | −£3.1m | −£2.3m | −£1.7m | £2.4m | £6.2m | £5.8m | −£2.2m | −£1.5m | £1.7m | −£1.5m |
| Net income | −£3.9m | −£1.8m | −£2.0m | £2.6m | £6.3m | £5.8m | −£2.4m | −£1.9m | £1.9m | −£1.3m |
| Diluted earnings per share | -0.04 | -0.02 | -0.02 | 0.03 | 0.07 | 0.06 | -0.03 | -0.02 | 0.02 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.9m | £9.0m | £9.4m | £11.5m | £20.1m | £13.7m | £6.8m | £8.0m | £7.7m | £5.7m |
| Cash and short-term investments | £1.0m | £739,000 | £635,000 | £1.1m | £2.0m | £864,680 | £455,608 | £1.3m | £1.2m | £3.1m |
| Total liabilities | £610,000 | £647,000 | £532,000 | £643,000 | £2.0m | £1.9m | £1.8m | £967,150 | £623,487 | £660,491 |
| Debt | — | — | — | — | £819,359 | £771,759 | £726,805 | — | — | — |
| Shareholders' equity | £6.3m | £8.4m | £8.9m | £10.9m | £18.1m | £11.8m | £4.9m | £7.0m | £7.0m | £4.9m |
| Shares outstanding | 103m | 98m | 92m | 91m | 88m | 95m | 85m | 85m | 85m | 78m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.8m | −£1.8m | −£1.5m | −£1.1m | −£1.6m | −£927,963 | −£1.7m | −£1.2m | −£1.8m | −£1.2m |
| Capital spending | −£1.8m | — | — | −£168,000 | −£193,506 | −£350,345 | −£594,923 | −£2,954 | −£1,804 | −£10,551 |
| Free cash flow | −£3.5m | −£1.8m | −£1.5m | −£1.3m | −£1.8m | −£1.3m | −£2.3m | −£1.2m | −£1.8m | −£1.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £679,000 | £609,000 | £557,000 | £594,000 | £276,000 | £293,000 | £351,000 | £338,102 |
| Operating income | −£753,000 | −£1.7m | −£1.4m | −£1.2m | −£1.1m | −£935,000 | −£760,000 | −£1.4m |
| Net income | −£1.6m | −£2.7m | −£1.2m | £986,000 | −£2.8m | −£193,000 | −£1.8m | −£11.3m |
| Diluted earnings per share | -0.02 | -0.03 | -0.01 | 0.01 | -0.03 | -0.00 | -0.02 | -0.12 |
| Cash from operations | — | — | — | −£1.0m | — | — | — | — |
| Total assets | £5.2m | £6.9m | £9.2m | £9.0m | £8.0m | £9.4m | £9.9m | £11.5m |
| Cash and short-term investments | £989,000 | £1.0m | £1.3m | £739,000 | £1.3m | £635,000 | £893,000 | £1.1m |
| Shareholders' equity | £4.7m | £6.3m | £8.4m | £8.4m | £7.4m | £8.9m | £9.1m | £10.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 36.6% | -5.2% | 45.1% |
| Operating income | — | — | 8.2% |
| Net income | — | — | 11.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -265.1% | -148.3% | 106.6% | 28.0% |
| Net margin | -279.7% | -164.1% | 100.6% | 22.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -9.8 | -12.1 | 4.7 | 6.5 | 9.5 | -23.8 | -40.4 | 28.8 | -36.7 |
| Price to sales | 6.0 | 20.3 | 38.3 | 26.4 | 18.3 | 36.0 | 75.7 | 150.8 | 287.6 | 165.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 200-to-1 reverse split · 5 Aug 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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