R 
40.50p
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
£24.9m
FY2016FY2025
Net income
−£340,000
FY2016FY2025
Free cash flow
−£157,000
FY2016FY2025
Shareholders' equity
£10.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £24.9m | £20.7m | £19.6m | £13.7m | £7.7m | £4.4m | £3.1m | £3.3m | £2.6m | £2.4m |
| Gross profit | £5.5m | £5.7m | £5.2m | £3.3m | £2.4m | £1.4m | £885,000 | £693,000 | £830,000 | £1.0m |
| Operating income | £204,000 | £287,000 | £251,000 | −£511,000 | £114,000 | £211,000 | −£183,000 | −£2.0m | −£393,000 | −£146,000 |
| Net income | −£340,000 | £18,000 | £50,000 | −£701,000 | £389,000 | £188,000 | −£183,000 | −£1.9m | −£438,000 | −£288,000 |
| Diluted earnings per share | -0.01 | 0.00 | 0.00 | -0.03 | 0.04 | 0.02 | -0.02 | -0.23 | -0.08 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £20.7m | £13.9m | £16.4m | £15.7m | £6.2m | £3.2m | £1.4m | £1.9m | £3.0m | £3.4m |
| Cash and short-term investments | £1.2m | £1.8m | £2.1m | £1.5m | £633,000 | £1.8m | £440,000 | £423,000 | £631,000 | £931,000 |
| Total liabilities | £10.7m | £5.3m | £7.9m | £7.3m | £3.4m | £967,000 | £535,000 | £793,000 | £419,000 | £373,000 |
| Debt | £4.5m | £784,000 | £904,000 | £1.1m | £170,000 | £43,000 | — | — | — | — |
| Shareholders' equity | £10.0m | £8.7m | £8.5m | £8.3m | £2.8m | £2.2m | £878,000 | £1.1m | £2.6m | £3.0m |
| Shares outstanding | 23m | 22m | 23m | 21m | 10m | 11m | 10m | 8m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £348,000 | £2.8m | £2.4m | −£773,000 | £432,000 | £281,000 | £34,000 | −£625,000 | −£189,000 | −£698,000 |
| Capital spending | −£505,000 | −£410,000 | −£119,000 | −£115,000 | −£71,000 | −£44,000 | −£25,000 | −£38,000 | −£111,000 | −£210,000 |
| Free cash flow | −£157,000 | £2.4m | £2.3m | −£888,000 | £361,000 | £237,000 | £9,000 | −£663,000 | −£300,000 | −£908,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £13.2m | £12.8m | £12.1m | £10.2m | £10.6m | £5.3m | £10.3m | £5.1m |
| Gross profit | £3.0m | £2.9m | £2.6m | £2.0m | £2.9m | £1.4m | £1.9m | £1.3m |
| Operating income | £176,000 | £100,000 | £104,000 | £176,000 | £308,000 | £182,000 | £359,000 | £185,500 |
| Net income | −£72,000 | −£60,000 | −£280,000 | −£69,000 | £87,000 | £43,500 | £136,000 | £68,000 |
| Diluted earnings per share | -0.00 | -0.00 | -0.01 | -0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Cash from operations | £1.0m | — | — | £1.0m | £1.0m | — | £1.0m | — |
| Total assets | £19.6m | £20.7m | £23.0m | £13.9m | £15.4m | £15.4m | £16.4m | £16.4m |
| Cash and short-term investments | £1.1m | £1.2m | £2.8m | £1.8m | £1.5m | £1.5m | £2.1m | £2.1m |
| Debt | £3.3m | £4.1m | £4.6m | £735,000 | £803,000 | £218,000 | £866,000 | £201,000 |
| Shareholders' equity | £10.0m | £10.0m | £10.0m | £8.7m | £8.6m | £8.6m | £8.5m | £8.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.2% | 41.7% | 42.9% |
| Operating income | — | -0.7% | — |
| Net income | -21.4% | — | -11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.7% | 25.0% | 25.9% | 26.5% |
| Operating margin | 1.1% | 0.3% | 0.6% | -2.1% |
| Net margin | -0.7% | -1.2% | -0.4% | -4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -35.2 | — | 338.3 | -15.8 | 18.3 | 39.5 | -15.8 | -0.4 | -2.8 | -8.4 |
| Price to sales | 0.5 | 0.9 | 0.9 | 0.8 | 0.9 | 1.7 | 0.9 | 0.2 | 0.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 2 Apr 2024
- 25-to-1 reverse split · 17 Aug 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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