P 
2.30p
-23.33%
Close of 30 Oct 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 USD, from our data supplier.
Revenue
$219.4m
FY2016FY2025
Net income
−$91.2m
FY2016FY2025
Free cash flow
−$45.6m
FY2016FY2025
Shareholders' equity
$110.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.4m | $367.0m | $325.0m | $563.7m | $406.9m | $243.3m | $463.6m | $495.3m | $394.8m | $430.9m |
| Operating income | −$90.1m | −$37.0m | $20.0m | $193.0m | $8.3m | −$3.3m | $46.4m | $65.6m | $77.7m | $105.6m |
| Net income | −$91.2m | −$86.0m | −$105.0m | $69.0m | $187.1m | −$190.0m | −$226.8m | −$166.9m | $18.3m | $54.2m |
| Diluted earnings per share | -0.42 | -0.44 | -0.54 | 0.36 | 0.96 | -10.98 | -13.10 | -9.63 | 1.72 | 5.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $539.4m | $772.0m | $861.0m | $1.11bn | $1.08bn | $1.04bn | $1.29bn | $1.79bn | $1.85bn | $1.36bn |
| Cash and short-term investments | $51.0m | $42.0m | $44.0m | $271.9m | $147.7m | $53.6m | $71.7m | $221.6m | $190.2m | $36.7m |
| Total liabilities | $446.3m | $555.0m | $544.0m | $632.4m | $638.3m | $1.03bn | $968.7m | $1.22bn | $1.21bn | $812.4m |
| Debt | $327.3m | $304.0m | $276.0m | $388.6m | $431.3m | $882.3m | $771.1m | $865.3m | $757.1m | $424.5m |
| Shareholders' equity | $110.1m | $244.0m | $321.0m | $473.8m | $450.8m | $30.5m | $311.7m | $555.4m | $593.7m | $504.4m |
| Shares outstanding | 218m | 194m | 194m | 194m | 194m | 17m | 17m | 17m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $35.0m | $42.0m | $43.0m | $282.5m | $127.0m | −$8.1m | $99.0m | $67.9m | $152.5m | $153.7m |
| Capital spending | −$80.6m | −$84.0m | −$113.0m | −$54.0m | −$19.4m | −$39.3m | −$85.9m | −$175.4m | −$282.9m | −$327.9m |
| Free cash flow | −$45.6m | −$42.0m | −$70.0m | $228.5m | $107.6m | −$47.4m | $13.1m | −$107.5m | −$130.4m | −$174.2m |
| Dividends paid | — | −$2.0m | −$4.0m | — | — | — | — | — | — | −$15.4m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.0m | $61.7m | $115.0m | $203.0m | $187.8m | $116.5m | $208.5m | $299.0m |
| Operating income | −$184.0m | $10.0m | −$73.0m | −$35.0m | −$6.5m | $20.0m | $17.4m | $64.7m |
| Net income | −$153.0m | −$15.7m | −$55.0m | −$76.9m | −$4.5m | −$81.3m | −$17.5m | $24.2m |
| Diluted earnings per share | -0.70 | -0.07 | -0.28 | -0.40 | -0.02 | -0.42 | -0.09 | 0.12 |
| Cash from operations | $39.0m | −$13.0m | $44.0m | $19.0m | $25.0m | −$26.0m | $72.0m | $112.0m |
| Capital spending | −$45.0m | −$38.0m | −$39.0m | −$27.0m | −$56.0m | −$65.0m | −$47.0m | −$28.0m |
| Free cash flow | −$6.0m | −$51.0m | $5.0m | −$8.0m | −$31.0m | −$91.0m | $25.0m | $84.0m |
| Total assets | $429.0m | $539.4m | $658.0m | $772.0m | $894.6m | $861.0m | $936.5m | $1.11bn |
| Cash and short-term investments | $50.0m | $51.0m | $51.0m | $42.0m | $56.6m | $44.0m | $130.4m | $271.9m |
| Debt | $338.0m | $325.3m | $267.0m | $283.0m | $300.0m | $250.4m | $244.7m | $369.4m |
| Shareholders' equity | −$9.0m | $110.1m | $153.0m | $244.0m | $318.8m | $321.0m | $432.9m | $473.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.0% | -2.0% | -6.4% |
| Operating income | — | 93.8% | — |
| Net income | — | -13.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -21.7% | 5.8% | 4.3% | 11.0% |
| Net margin | -30.2% | -14.5% | -10.2% | -11.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -0.9 | -1.7 | 3.5 | 1.0 | -0.1 | -0.4 | -2.6 | 30.1 | 20.4 |
| Price to sales | 0.2 | 0.2 | 0.6 | 0.4 | 0.5 | 0.1 | 0.2 | 0.9 | 1.4 | 2.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Oct 2015.
| FY2016 | |
|---|---|
| Paid in the year | 1.667 |
- 50-to-1 reverse split · 29 Nov 2021
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.