P 
28.00p
+5.66%
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
£12.2m
FY2016FY2025
Net income
£2.7m
FY2016FY2025
Free cash flow
£2.8m
FY2016FY2025
Shareholders' equity
£2.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £12.2m | £11.5m | £12.4m | £11.2m | £10.6m | £8.4m | £11.2m | £9.2m | £10.3m | £10.9m |
| Gross profit | £8.8m | £8.0m | £8.2m | £8.3m | £8.1m | £6.4m | £8.3m | £6.7m | £6.5m | £8.0m |
| Research and development | £1.5m | £3.3m | £434,000 | £1.7m | £1.4m | £448,000 | £1.3m | £1.2m | £1.1m | £1.6m |
| Operating income | £3.3m | £2.3m | £2.1m | £1.8m | £2.2m | £1.5m | £2.6m | −£180,000 | −£2.4m | −£1.9m |
| Net income | £2.7m | −£1.3m | £1.5m | £1.2m | £1.5m | £1.3m | £1.4m | −£24,000 | £284,000 | −£55.3m |
| Diluted earnings per share | 0.02 | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.00 | 0.00 | -0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £12.9m | £11.5m | £13.0m | £11.7m | £11.7m | £10.3m | £10.6m | £9.5m | £13.0m | £31.8m |
| Cash and short-term investments | £1.6m | £840,000 | £796,000 | £728,000 | £1.6m | £826,000 | £1.1m | £1.3m | £1.9m | £2.0m |
| Total liabilities | £10.6m | £12.0m | £12.1m | £12.4m | £13.6m | £13.8m | £15.4m | £15.7m | £19.1m | £32.8m |
| Debt | £3.6m | £4.8m | £5.7m | £6.7m | £7.8m | £9.7m | £10.7m | £10.7m | £12.1m | £15.0m |
| Shareholders' equity | £2.3m | −£494,000 | £853,000 | −£747,000 | −£1.9m | −£3.5m | −£4.8m | −£6.1m | −£6.1m | −£1.0m |
| Shares outstanding | 133m | 125m | 128m | 125m | 124m | 127m | 125m | 125m | 124m | 124m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.8m | £3.6m | £3.4m | £2.1m | £3.4m | £2.1m | £2.0m | £1.7m | −£2.6m | −£1.8m |
| Capital spending | −£9,000 | −£170,000 | −£2.2m | −£2.0m | −£1.6m | −£1.4m | −£1.0m | −£816,000 | −£905,000 | −£4.6m |
| Free cash flow | £2.8m | £3.4m | £1.2m | £58,000 | £1.8m | £656,000 | £946,000 | £903,000 | −£3.5m | −£6.3m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −£1.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £6.5m | £6.3m | £5.9m | £6.2m | £5.3m | £6.9m | £5.5m | £6.1m |
| Gross profit | £5.0m | £4.9m | £4.0m | £4.6m | £3.4m | £4.8m | £3.4m | £4.0m |
| Operating income | £2.1m | £2.0m | £1.3m | −£1.1m | £607,000 | £1.6m | £574,000 | £1.2m |
| Net income | £1.8m | £2.2m | £461,000 | −£1.6m | £290,000 | £1.3m | £242,000 | £921,000 |
| Diluted earnings per share | 0.01 | 0.02 | 0.00 | -0.01 | 0.00 | 0.01 | 0.00 | 0.01 |
| Cash from operations | £1.0m | £1.0m | £1.0m | £2.0m | £1.0m | £1.0m | £1.0m | £1.0m |
| Capital spending | — | — | — | — | −£1.0m | −£1.0m | — | −£1.0m |
| Free cash flow | — | — | — | — | £0 | £0 | — | £0 |
| Total assets | £13.1m | £12.9m | £10.2m | £11.5m | £12.0m | £13.0m | £11.9m | £11.7m |
| Cash and short-term investments | £2.2m | £1.6m | £608,000 | £840,000 | £246,000 | £796,000 | £951,000 | £728,000 |
| Debt | £1.1m | £3.6m | £4.1m | £4.7m | £5.2m | £5.6m | £6.1m | £6.6m |
| Shareholders' equity | £4.3m | £2.3m | −£130,000 | −£494,000 | £1.1m | £853,000 | −£474,000 | −£747,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.1% | 7.8% | -14.4% |
| Operating income | 21.5% | 17.6% | — |
| Net income | 31.8% | 15.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 71.0% | 70.7% | 72.4% | 62.4% |
| Operating margin | 23.7% | 20.3% | 20.0% | 6.4% |
| Net margin | 5.9% | 8.7% | 10.4% | -28.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.1 | -9.5 | 6.5 | 7.7 | 10.0 | 10.1 | 5.6 | -267.3 | 7.3 | -0.2 |
| Price to sales | 2.2 | 1.1 | 0.8 | 0.8 | 1.4 | 1.6 | 0.7 | 0.7 | 0.2 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 23 Jun 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.017 | 0.014 | 0.014 | 0.014 | 0.014 | 0.014 | 0.014 |
- 1-to-1 reverse split · 6 Dec 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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