R 
19.25p
+1.32%
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 USD, from our data supplier.
Revenue
—
FY2017FY2026
Net income
−$7.5m
FY2017FY2026
Free cash flow
−$3.9m
FY2017FY2026
Shareholders' equity
$20.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | $639,000 | $422,000 | $1.5m | $992,000 | — |
| Gross profit | −$266,663 | −$147,350 | −$41,305 | −$402,164 | −$347,000 | −$762,000 | −$762,000 | −$1.9m | — | — |
| Research and development | $541,347 | $275,619 | — | — | — | — | — | — | — | — |
| Operating income | −$4.4m | −$4.3m | −$4.3m | −$13.1m | −$3.7m | −$2.7m | −$2.9m | −$9.9m | −$2.8m | −$1.7m |
| Net income | −$7.5m | −$3.3m | −$4.2m | −$12.0m | −$3.9m | −$2.7m | −$2.2m | −$11.5m | −$2.6m | −$1.4m |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $32.6m | $22.4m | $16.3m | $14.1m | $17.1m | $13.1m | $10.5m | $7.1m | $12.6m | $9.2m |
| Cash and short-term investments | $13.0m | $3.9m | $79,000 | $8.1m | $4.1m | $573,000 | $788,000 | $119,000 | $354,000 | $3.2m |
| Total liabilities | $12.6m | $9.2m | $2.4m | $1.8m | $1.8m | $3.0m | $2.6m | $3.8m | $2.2m | $449,000 |
| Debt | $11.2m | $687,535 | $529,000 | $530,000 | $866,000 | $2.0m | $1.8m | $1.6m | $760,000 | $20,000 |
| Shareholders' equity | $20.2m | $13.3m | $15.8m | $14.2m | $16.3m | $10.9m | $8.8m | $4.2m | $10.4m | $8.7m |
| Shares outstanding | 682m | 644m | 642m | 600,833m | 525,109m | 488,565m | 423,260m | 360,938m | 184,618m | 155,718m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$3.7m | −$3.2m | −$2.6m | −$2.8m | −$2.8m | −$1.9m | −$2.8m | −$2.1m | −$1.8m | −$844,000 |
| Capital spending | −$261,646 | −$535,337 | −$10.6m | −$2.5m | −$879,000 | −$2.7m | −$2.4m | −$1.6m | −$5.2m | −$2.1m |
| Free cash flow | −$3.9m | −$3.7m | −$13.3m | −$5.3m | −$3.7m | −$4.6m | −$5.2m | −$3.7m | −$7.1m | −$3.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | −$78,421 | −$186,892 | −$107,877 | −$68,689 | −$27.0m | −$25.2m | — | −$198.2m |
| Operating income | −$2.4m | −$1.9m | −$2.5m | −$1,707 | −$2.8m | −$1.5m | −$730 | −$13.08bn |
| Net income | −$1.5m | −$5.9m | −$1.1m | −$2,058 | −$2.7m | −$1.4m | −$721 | −$10.5m |
| Diluted earnings per share | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −$1.0m | −$1.0m | −$1.0m | −$1.0m | — | −$1.0m | — | −$1.57bn |
| Capital spending | — | — | — | — | −$2.0m | −$7.0m | — | −$1.0m |
| Free cash flow | — | — | — | — | — | −$8.0m | — | −$1.57bn |
| Total assets | $32.6m | $20.3m | $22.4m | $24.0m | $16.3m | $18.8m | $18.8m | $14.1m |
| Cash and short-term investments | $13.0m | $1.4m | $3.9m | $6.1m | $79,000 | $4.0m | $4.0m | $8.1m |
| Debt | $652,367 | $590,000 | $429,334 | $468,000 | $485,000 | $580,000 | $297,000 | $509,000 |
| Shareholders' equity | $20.2m | $7.5m | $13.3m | $16.0m | $15.8m | $18.3m | $18.3m | $14.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | -30.7% | 10.0% | 20.5% |
| Net income | -14.5% | 22.7% | 20.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -23.2 | -46.0 | -25.2 | -8557.4 | -17664.5 | -42245.0 | -28018.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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