P 
3.35p
—
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.
Net income
£902,000
FY2016FY2025
Free cash flow
−£1.2m
FY2016FY2025
Shareholders' equity
£6.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | −£243,000 | £3.2m | −£620,000 | −£1.1m | £377,000 | £5.1m | £190,000 | £813,000 | −£203,000 | −£210,000 |
| Research and development | — | — | — | — | — | — | — | £23.5m | £22.0m | £10.9m |
| Operating income | £630,000 | £2.7m | −£659,000 | −£1.5m | −£41,000 | £4.6m | −£401,000 | −£4,000 | −£703,000 | −£422,000 |
| Net income | £902,000 | £2.7m | −£2.3m | −£1.5m | £109,000 | £4.2m | −£401,000 | −£4,000 | −£947,000 | −£694,000 |
| Diluted earnings per share | 0.01 | 0.02 | -0.02 | -0.01 | 0.00 | 0.03 | -0.00 | -0.00 | -0.01 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.3m | £5.9m | £5.3m | £7.7m | £9.0m | £9.4m | £4.9m | £5.3m | £5.0m | £2.4m |
| Cash and short-term investments | £19,000 | £42,000 | £3.3m | £114,000 | £941,000 | £4.7m | £45,000 | £408,000 | £561,000 | £221,000 |
| Total liabilities | £142,000 | £142,000 | £144,000 | £110,000 | £44,000 | £615,000 | £108,000 | £19,000 | £97,000 | £38,000 |
| Debt | — | — | — | — | — | £113,000 | — | £139.6m | £141.0m | £143.1m |
| Shareholders' equity | £6.1m | £5.8m | £5.2m | £7.5m | £8.9m | £8.8m | £4.8m | £5.2m | £5.0m | £2.3m |
| Shares outstanding | 126m | 140m | 140m | 140m | 145m | 140m | 140m | 140m | 140m | 87m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£596,000 | −£648,000 | −£315,000 | −£362,000 | −£625,000 | −£707,000 | −£363,000 | £107,000 | −£2.9m | −£308,000 |
| Capital spending | −£596,000 | — | — | — | — | — | — | −£7.2m | −£5.4m | −£3.2m |
| Free cash flow | −£1.2m | −£648,000 | −£315,000 | −£362,000 | −£625,000 | −£707,000 | −£363,000 | −£7.1m | −£8.3m | −£3.5m |
| Dividends paid | — | −£2.1m | — | — | — | — | — | −£4.2m | −£3.1m | −£2.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | £26,000 | £89,000 | −£332,000 | −£38,000 | £3.2m | — | — | — |
| Operating income | −£164,000 | £1.3m | −£625,000 | −£66,000 | £2.7m | −£147,000 | −£328,000 | −£291,000 |
| Net income | −£141,000 | £1.5m | −£606,000 | −£75,000 | £2.8m | −£1.8m | −£512,000 | −£637,000 |
| Diluted earnings per share | -0.00 | 0.01 | -0.00 | -0.00 | 0.02 | -0.01 | -0.00 | -0.00 |
| Total assets | £6.1m | £6.3m | £5.3m | £5.9m | £6.0m | £5.3m | £7.2m | £7.7m |
| Cash and short-term investments | £525,000 | £19,000 | £956,000 | £42,000 | £3.0m | £3.3m | £35,000 | £114,000 |
| Shareholders' equity | £5.9m | £6.1m | £5.2m | £5.8m | £5.9m | £5.2m | £7.0m | £7.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -39.8% | — | 11.5% |
| Operating income | — | -32.9% | — |
| Net income | — | -26.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 99.7% | 99.3% | 99.9% | 3030.5% |
| Operating margin | 109.9% | 88.8% | 84.7% | 54.0% |
| Net margin | 119.1% | -18.9% | 59.8% | 22.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.4 | 1.9 | -1.5 | -2.7 | 46.7 | 1.2 | -8.7 | -664.2 | -5.3 | -3.5 |
| Price to sales | -20.0 | 1.6 | -5.8 | -3.6 | 13.5 | 1.0 | 18.4 | 3.3 | -24.8 | -11.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Mar 2024.
| FY2024 | FY2003 | |
|---|---|---|
| Paid in the year | 0.015 | 0.002 |
- 20-to-1 reverse split · 22 Oct 2019
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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