R 
97.00p
—
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
£162.1m
FY2016FY2025
Net income
£2.2m
FY2016FY2025
Free cash flow
£1.1m
FY2016FY2025
Shareholders' equity
£30.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £162.1m | £166.1m | £195.2m | £214.2m | £206.1m | £189.0m | £223.8m | £221.0m | £185.9m | £167.6m |
| Research and development | — | — | £4.0m | £3.1m | £1.3m | £7.8m | £6.6m | £6.7m | £6.8m | £8.3m |
| Operating income | £9.7m | −£6.0m | £7.1m | −£21.6m | £3.6m | £10.6m | £24.2m | £22.6m | £16.2m | £15.9m |
| Net income | £2.2m | −£4.7m | −£29.1m | −£14.5m | £4.2m | £7.6m | £19.1m | £16.9m | £12.9m | £11.6m |
| Diluted earnings per share | 0.03 | -0.06 | -0.35 | -0.17 | 0.05 | 0.09 | 0.23 | 0.21 | 0.16 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £145.1m | £138.5m | £139.8m | £202.7m | £210.8m | £172.4m | £150.7m | £134.1m | £134.4m | £106.0m |
| Cash and short-term investments | £6.2m | £8.2m | £8.1m | £1.9m | £3.6m | £5.9m | £5.5m | £2.6m | £1.8m | £40.0m |
| Total liabilities | £114.2m | £121.4m | £121.9m | £142.0m | £123.3m | £117.0m | £91.1m | £79.1m | £104.5m | £98.2m |
| Debt | £72.1m | £74.8m | £70.1m | £67.9m | £42.8m | £29.5m | £20.5m | £8.4m | £15.2m | £3.0m |
| Shareholders' equity | £30.9m | £17.1m | £17.8m | £60.6m | £87.0m | £52.8m | £59.6m | £55.0m | £29.9m | £7.8m |
| Shares outstanding | 84m | 83m | 83m | 83m | 84m | 83m | 83m | 82m | 82m | 81m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £2.1m | £8.4m | −£10.5m | −£20.8m | £4.6m | £21.1m | £11.7m | £16.4m | £14.3m | −£2.6m |
| Capital spending | −£986,000 | −£4.8m | −£1.1m | −£5.2m | −£8.0m | −£8.5m | −£6.0m | −£1.1m | −£1.3m | −£1.8m |
| Free cash flow | £1.1m | £3.6m | −£11.6m | −£26.0m | −£3.4m | £12.6m | £5.6m | £15.3m | £13.0m | −£4.4m |
| Dividends paid | — | — | — | −£2.5m | −£3.9m | −£3.9m | −£6.3m | −£5.6m | −£5.0m | −£4.3m |
Latest quarters
By quarter end
| May 2026 | Mar 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Feb 2024 | Nov 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £70.1m | £70.1m | £88.9m | £73.2m | £87.0m | £79.2m | £39.6m | £88.3m |
| Operating income | £2.6m | £2.6m | £8.9m | £823,000 | −£2.2m | −£3.7m | −£434,500 | £8.9m |
| Net income | −£2.0m | −£2.0m | £5.5m | −£3.3m | £2.0m | −£6.8m | −£3.4m | −£41.2m |
| Diluted earnings per share | -0.02 | -0.02 | 0.07 | -0.04 | 0.02 | -0.08 | -0.04 | -0.49 |
| Cash from operations | −£2.0m | −£2.0m | £3.0m | £1.0m | £7.0m | −£3.0m | — | £7.0m |
| Total assets | £156.3m | £156.3m | £145.1m | £141.9m | £138.5m | £131.1m | £131.1m | £139.8m |
| Cash and short-term investments | £4.9m | £4.9m | £6.2m | £3.4m | £8.2m | £1 | £1 | £8.1m |
| Debt | £4.1m | £4.1m | £58.7m | £63.0m | £62.0m | £52.7m | £577,000 | £55.8m |
| Shareholders' equity | £31.9m | £31.9m | £30.9m | £11.6m | £17.1m | £12.2m | £12.2m | £17.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.9% | -3.0% | -0.9% |
| Operating income | — | -1.6% | -6.8% |
| Net income | — | -22.1% | -17.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.1% | -1.5% | 0.3% | 4.8% |
| Net margin | -0.8% | -6.3% | -3.0% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 43.9 | -18.4 | -1.9 | -3.3 | 12.2 | 7.3 | 3.8 | 3.0 | 3.8 | 2.9 |
| Price to sales | 0.6 | 0.5 | 0.3 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 17 Mar 2022.
| FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.047 | 0.077 | 0.069 | 0.062 | 0.053 | 0.047 | 0.245 |
- 8-to-7 reverse split · 20 Mar 2014
- 5-for-1 split · 29 Jun 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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