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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
£4.1m
FY2016FY2025
Net income
£7.3m
FY2016FY2025
Free cash flow
−£2.6m
FY2016FY2025
Shareholders' equity
£27.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.1m | £5.7m | £14.8m | £12.1m | £3.6m | £4.1m | £8.3m | £7.0m | £4.1m | £10.4m |
| Operating income | −£3.1m | £1.3m | −£35.2m | £5.2m | −£12.8m | −£177,000 | £5.1m | −£5.3m | −£3.8m | −£5.8m |
| Net income | £7.3m | £4.9m | −£42.3m | −£814,000 | −£13.8m | −£482,000 | £2.4m | −£7.1m | −£4.9m | −£6.7m |
| Diluted earnings per share | 0.07 | 0.05 | -0.35 | -0.01 | -0.13 | -0.00 | 0.02 | -0.07 | -0.05 | -0.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £32.5m | £27.3m | £28.6m | £86.3m | £78.7m | £89.8m | £82.3m | £78.9m | £82.2m | £87.5m |
| Cash and short-term investments | £13.7m | £9.4m | £11.6m | £23.3m | £23.4m | £25.7m | £30.7m | £23.8m | £26.4m | £28.3m |
| Total liabilities | £5.5m | £7.6m | £14.0m | £29.3m | £20.9m | £18.5m | £14.0m | £14.7m | £13.3m | £14.3m |
| Debt | £1.7m | £1.3m | £1.5m | £1.7m | £1.2m | £3.6m | £121,000 | — | — | — |
| Shareholders' equity | £27.0m | £19.6m | £14.7m | £57.0m | £57.7m | £71.3m | £68.3m | £64.2m | £68.9m | £73.2m |
| Shares outstanding | 109m | 109m | 121m | 109m | 109m | 109m | 104m | 108m | 99m | 99m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.5m | £2.3m | £6.5m | £4.5m | −£1.3m | −£1.0m | £3.0m | £2.2m | −£408,000 | −£10.5m |
| Capital spending | −£148,000 | −£1.1m | −£1.6m | −£3.8m | −£648,000 | −£3.8m | −£4.0m | −£2.0m | −£1.9m | −£2.1m |
| Free cash flow | −£2.6m | £1.1m | £5.0m | £745,000 | −£2.0m | −£4.8m | −£1.0m | £204,000 | −£2.3m | −£12.7m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.5m | £2.0m | £2.1m | £2.3m | £3.4m | £3.6m | £1.8m | £11.1m |
| Operating income | £52.8m | −£2.1m | £121.0m | −£9.7m | £932,000 | £2.7m | −£14.2m | £7.0m |
| Net income | −£905,000 | £8.5m | −£1.2m | £4.2m | £748,000 | −£28.4m | −£14.2m | −£14.0m |
| Diluted earnings per share | -0.01 | 0.08 | -0.01 | 0.04 | 0.01 | -0.23 | -0.13 | -0.13 |
| Cash from operations | — | — | −£2.0m | — | £1.0m | −£2.0m | — | £8.0m |
| Capital spending | — | — | — | — | — | −£1.0m | — | — |
| Free cash flow | — | — | — | — | — | −£3.0m | — | — |
| Total assets | £30.3m | £32.5m | £23.7m | £27.3m | £27.1m | £28.6m | £28.6m | £70.3m |
| Cash and short-term investments | £12.9m | £13.7m | £6.8m | £9.4m | £9.2m | £11.6m | £11.6m | £19.2m |
| Debt | £594,000 | — | — | £913,000 | £718,000 | £976,000 | £767,000 | £905,000 |
| Shareholders' equity | £26.1m | £27.0m | £18.5m | £19.6m | £15.4m | £14.7m | £14.7m | £43.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -30.6% | -0.1% | -14.2% |
| Operating income | — | 77.2% | -21.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.0% | -86.6% | -100.8% | -94.0% |
| Net margin | 125.7% | -84.2% | -101.8% | -100.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 2.2 | 4.2 | -0.6 | -76.5 | -3.3 | -87.8 | 20.4 | -7.6 | -7.5 | -8.3 |
| Price to sales | 3.9 | 3.6 | 1.6 | 5.1 | 12.7 | 10.4 | 6.0 | 7.7 | 8.8 | 5.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 15-to-1 reverse split · 17 Dec 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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