R 
60.50p
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
—
FY2016FY2025
Net income
−£7.8m
FY2016FY2025
Free cash flow
−£3.2m
FY2016FY2025
Shareholders' equity
£31.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | £560,000 | £1.2m | £1.0m | £1.5m | £194,000 | — | — |
| Operating income | −£2.9m | −£2.2m | −£6.6m | −£4.2m | −£1.9m | −£1.3m | −£934,000 | −£1.9m | −£1.0m | −£115,000 |
| Net income | −£7.8m | −£3.4m | −£7.2m | −£45,000 | −£2.7m | −£2.7m | −£4.2m | −£2.0m | −£1.2m | −£115,000 |
| Diluted earnings per share | -0.76 | -0.32 | -0.70 | -0.01 | -0.30 | -0.39 | -0.62 | -0.53 | -1.70 | -0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £37.1m | £39.6m | £43.2m | £47.1m | £47.4m | £39.7m | £41.9m | £20.3m | £5.9m | £541,000 |
| Cash and short-term investments | £2.1m | £6.2m | £9.8m | £14.2m | £4.9m | £1.1m | £6.7m | £7.1m | £5.3m | £340,000 |
| Total liabilities | £1.2m | £715,000 | £983,000 | £676,000 | £914,000 | £759,000 | £1.7m | £1.0m | £187,000 | £32,000 |
| Debt | £7,000 | £47,000 | — | — | — | — | — | — | — | — |
| Shareholders' equity | £31.6m | £38.9m | £42.2m | £46.5m | £46.5m | £38.9m | £40.1m | £19.3m | £5.7m | £509,000 |
| Shares outstanding | 10m | 10m | 10m | 9m | 9m | 7m | 7m | 4m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.6m | −£2.3m | −£2.1m | −£1.8m | −£1.0m | −£1.7m | −£216,000 | −£732,000 | −£355,000 | −£141,000 |
| Capital spending | −£675,000 | −£293,000 | −£398,000 | −£717,000 | −£1.5m | −£3.5m | −£3.8m | −£1.9m | −£1.9m | −£1.9m |
| Free cash flow | −£3.2m | −£2.6m | −£2.5m | −£2.5m | −£2.6m | −£5.2m | −£4.0m | −£2.7m | −£2.3m | −£2.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | £22,000 | £3.3m | £3.3m | £4.3m |
| Operating income | −£1.5m | −£1.5m | −£1.3m | −£1.0m | −£1.1m | −£3.3m | −£3.3m | −£4.2m |
| Net income | −£959,000 | −£6.4m | −£1.4m | −£1.4m | −£2.0m | −£3.5m | −£3.6m | £2.7m |
| Diluted earnings per share | -0.08 | -0.62 | -0.14 | -0.14 | -0.19 | -0.34 | -0.36 | 0.30 |
| Cash from operations | −£1.0m | −£1.0m | −£1.0m | — | −£1.0m | — | −£1.0m | — |
| Capital spending | — | — | — | — | — | −£2.0m | — | — |
| Total assets | £39.8m | £37.1m | £43.9m | £39.6m | £40.9m | £43.2m | £45.4m | £47.1m |
| Cash and short-term investments | £4.0m | £2.1m | £4.0m | £6.2m | £7.6m | £9.8m | £11.5m | £14.2m |
| Debt | £39,000 | £7,000 | £27,000 | £40,000 | — | — | — | — |
| Shareholders' equity | £34.5m | £31.6m | £37.5m | £38.9m | £40.3m | £42.2m | £44.9m | £46.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -11.5% | 16.7% | 39.4% |
| Net income | 456.5% | 23.8% | 53.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.7 | -1.5 | -1.5 | -406.8 | -6.0 | -17.0 | -12.0 | -13.9 | -4.7 | -55.1 |
| Price to sales | — | — | — | 32.7 | 13.9 | 43.9 | 34.8 | 144.8 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2010.
| FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.038 | 0.056 | 0.056 | 0.054 | 0.051 | 0.047 | 0.016 |
- 7-to-1 reverse split · 24 Dec 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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