S 
4.75p
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
£4.6m
FY2016FY2025
Net income
−£696,253
FY2016FY2025
Free cash flow
−£1.3m
FY2016FY2025
Shareholders' equity
£9.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.6m | £1.2m | £132,057 | £74,761 | — | — | — | — | — | £2,769 |
| Gross profit | £2.7m | £683,038 | £85,190 | £45,337 | −£5,055 | −£5,100 | −£3,400 | — | — | £2,769 |
| Research and development | £127,347 | £562,911 | £930,636 | £861,383 | £505,627 | £635,226 | £708,081 | £415,902 | £156,726 | £1,292 |
| Operating income | −£826,786 | −£2.9m | −£3.0m | −£3.0m | −£1.5m | −£1.6m | −£1.4m | −£941,000 | −£673,000 | −£4,201 |
| Net income | −£696,253 | −£2.9m | −£2.8m | −£2.8m | −£1.4m | −£1.5m | −£1.1m | −£844,000 | −£646,000 | −£4,201 |
| Diluted earnings per share | -0.00 | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £12.1m | £5.2m | £2.6m | £3.1m | £5.7m | £2.8m | £3.9m | £3.7m | £4.3m | £423,488 |
| Cash and short-term investments | £4.8m | £800,904 | £1.3m | £1.8m | £4.6m | £2.2m | £3.1m | £3.2m | £3.9m | £256,667 |
| Total liabilities | £2.7m | £2.2m | £599,342 | £609,606 | £519,673 | £304,826 | £121,334 | £209,293 | £118,660 | £33,641 |
| Debt | £993,466 | £818,742 | £100,646 | £127,864 | £139,854 | — | — | — | — | — |
| Shareholders' equity | £9.4m | £3.0m | £2.0m | £2.5m | £5.2m | £2.5m | £3.8m | £3.4m | £4.2m | £389,847 |
| Shares outstanding | 259m | 223m | 177m | 157m | 157m | 133m | 122m | 119m | 119m | 119m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.3m | −£2.7m | −£2.6m | −£2.7m | −£1.6m | −£892,137 | −£1.4m | −£667,745 | −£609,703 | −£1,167 |
| Capital spending | −£6,297 | −£198,169 | −£165,277 | −£96,813 | −£112,305 | −£73,668 | −£10,200 | −£72,260 | −£79,198 | −£136,214 |
| Free cash flow | −£1.3m | −£2.9m | −£2.8m | −£2.8m | −£1.7m | −£965,805 | −£1.4m | −£740,005 | −£688,901 | −£137,381 |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.1m | £1.6m | £1.1m | £106,576 | £55,072 | £28,000 | £76,985 | £38,493 |
| Gross profit | £1.8m | £877,564 | £574,284 | £68,223 | £5,609 | £17,000 | £35,388 | £25,869 |
| Operating income | −£87,586 | −£1.0m | −£1.5m | −£1.4m | −£1.6m | −£826,000 | −£1.4m | −£675,545 |
| Net income | £337,847 | −£1.0m | −£1.5m | −£1.3m | −£1.6m | −£775,000 | −£1.3m | −£642,502 |
| Diluted earnings per share | 0.00 | -0.00 | -0.01 | -0.01 | -0.01 | -0.00 | -0.01 | -0.00 |
| Cash from operations | — | — | −£1.0m | −£1.0m | −£1.0m | — | — | — |
| Total assets | £12.1m | £7.3m | £5.2m | £4.2m | £2.6m | £2.6m | £2.0m | £2.0m |
| Cash and short-term investments | £4.8m | £1.2m | £800,904 | £2.8m | £1.3m | £1.3m | £765,976 | £765,976 |
| Debt | £824,224 | £1.1m | £778,881 | £74,722 | £31,045 | £70,000 | £26,686 | — |
| Shareholders' equity | £9.4m | £4.5m | £3.0m | £3.7m | £2.0m | £2.0m | £1.2m | −£8.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 295.9% | — | — |
| Operating income | -34.8% | -12.6% | — |
| Net income | -37.1% | -14.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.0% | 58.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -28.4 | -7.0 | -4.6 | -4.2 | -22.3 | -10.1 | -7.5 | -9.2 | -8.1 |
| Price to sales | 4.3 | 16.6 | 99.0 | 157.6 | — | — | — | — | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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