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32.50p
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
£9.7m
FY2016FY2025
Net income
−£2.3m
FY2016FY2025
Free cash flow
£59,000
FY2016FY2025
Shareholders' equity
£6.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £9.7m | £13.8m | £15.5m | £13.7m | £16.0m | £15.1m | £20.4m | £21.1m | £18.1m | £17.2m |
| Research and development | — | £585,000 | £2.3m | £2.7m | £3.1m | £1.9m | £2.4m | £579,000 | £389,116 | £316,869 |
| Operating income | −£2.2m | −£2.7m | £95,000 | −£3.5m | −£2.3m | −£3.0m | −£3.7m | £3.2m | £1.8m | £1.9m |
| Net income | −£2.3m | −£2.6m | −£933,000 | −£901,000 | −£1.6m | −£2.6m | −£1.5m | £3.1m | £1.5m | £1.9m |
| Diluted earnings per share | -0.05 | -0.06 | -0.03 | -0.02 | -0.04 | -0.07 | -0.04 | 0.09 | 0.04 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £12.2m | £15.9m | £18.7m | £19.8m | £21.6m | £22.8m | £22.9m | £18.7m | £16.9m | £16.3m |
| Cash and short-term investments | £466,000 | £1.0m | £1.1m | £1.1m | £901,000 | £1.4m | £497,000 | £1.8m | £1.5m | £3.5m |
| Total liabilities | £5.3m | £7.6m | £8.9m | £9.1m | £10.5m | £10.2m | £8.0m | £4.6m | £3.6m | £4.5m |
| Debt | £1.9m | £4.1m | £3.9m | £2.1m | £5.2m | £3.8m | £3.8m | £25,733 | £31,840 | £36,027 |
| Shareholders' equity | £6.9m | £8.3m | £9.8m | £10.7m | £11.1m | £12.5m | £14.8m | £14.0m | £13.3m | £11.8m |
| Shares outstanding | 45m | 43m | 37m | 37m | 37m | 37m | 36m | 36m | 36m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £102,000 | £176,000 | £1.3m | £2.6m | −£127,000 | £3.1m | −£2.2m | £5.0m | −£988,536 | −£249,248 |
| Capital spending | −£43,000 | −£223,000 | −£1.8m | −£1.2m | −£1.1m | −£1.4m | −£2.6m | −£3.6m | −£1.3m | −£1.1m |
| Free cash flow | £59,000 | −£47,000 | −£464,000 | £1.4m | −£1.2m | £1.7m | −£4.8m | £1.5m | −£2.3m | −£1.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £5.8m | £5.2m | £4.5m | £6.4m | £7.4m | £8.4m | £7.1m | £6.7m |
| Operating income | −£607,000 | −£301,000 | −£2.0m | £343,000 | −£317,000 | £160,000 | −£274,000 | −£390,000 |
| Net income | −£876,000 | −£9,000 | −£2.2m | −£2.2m | −£419,000 | −£558,000 | −£375,000 | −£91,000 |
| Diluted earnings per share | -0.02 | -0.00 | -0.05 | -0.05 | -0.01 | -0.02 | -0.01 | -0.00 |
| Cash from operations | — | — | — | — | — | £1.0m | — | £2.0m |
| Total assets | £13.2m | £12.2m | £12.8m | £15.9m | £17.9m | £18.7m | £20.5m | £19.8m |
| Cash and short-term investments | £147,000 | £466,000 | £674,000 | £1.0m | £1.3m | £1.1m | £749,000 | £1.1m |
| Debt | £1.3m | £1.2m | £2.9m | £3.6m | £3.0m | £3.4m | £3.0m | £1.7m |
| Shareholders' equity | £6.1m | £6.9m | £6.3m | £8.3m | £10.5m | £9.8m | £10.2m | £10.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | -8.5% | -0.2% |
| Operating income | -13.9% | -5.8% | -0.5% |
| Net income | 35.8% | -3.0% | -0.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -21.2% | -15.9% | -16.3% | -7.6% |
| Net margin | -20.6% | -12.7% | -13.0% | -4.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -4.7 | -12.3 | -12.4 | -7.3 | -5.9 | -20.6 | 13.8 | 20.1 | 13.9 |
| Price to sales | 0.9 | 0.9 | 0.7 | 0.8 | 0.7 | 1.0 | 1.5 | 2.1 | 1.7 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 15 Oct 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.03 | 0.024 | 0.018 | 0.017 | 0.01 | 0.007 | 0.007 |
- 1-to-1 reverse split · 11 Feb 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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