S 
81.00p
-3.57%
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
—
FY2017FY2026
Net income
−£17.9m
FY2017FY2026
Free cash flow
−£10.7m
FY2017FY2026
Shareholders' equity
−£19.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | £4.7m | — | £5.3m | — | — | — | — | — | — |
| Gross profit | −£672,000 | £3.6m | −£966,000 | £4.7m | −£740,000 | −£249,000 | −£43,000 | −£21,060 | −£27,612 | −£32,581 |
| Research and development | £12.0m | £14.7m | £12.9m | £11.6m | £9.5m | £6.4m | £4.7m | £4.2m | £2.9m | £2.8m |
| Operating income | −£17.4m | −£15.0m | −£18.3m | −£11.9m | −£14.3m | −£9.8m | −£6.8m | −£6.7m | −£4.9m | −£4.5m |
| Net income | −£17.9m | −£12.3m | −£5.9m | −£11.9m | −£2.1m | −£15.5m | −£5.5m | −£5.6m | −£4.2m | −£3.5m |
| Diluted earnings per share | -0.17 | -0.10 | -0.06 | -0.15 | -0.03 | -0.18 | -0.10 | -0.12 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £10.4m | £23.1m | £23.6m | £30.3m | £49.1m | £8.8m | £10.5m | £10.5m | £14.6m | £7.0m |
| Cash and short-term investments | £5.3m | £16.9m | £14.8m | £19.9m | £28.7m | £41.1m | £4.6m | £4.6m | £10.3m | £2.7m |
| Total liabilities | £29.8m | £26.9m | £27.1m | £36.5m | £29.6m | £1.2m | £1.2m | £1.2m | £696,090 | £531,879 |
| Debt | £17.1m | £16.3m | £19.9m | £21.1m | £18.9m | £15.4m | £129,000 | — | — | — |
| Shareholders' equity | −£19.4m | −£3.8m | −£3.5m | −£6.2m | £18.1m | £19.5m | £9.3m | £9.3m | £13.9m | £6.5m |
| Shares outstanding | 104m | 120m | 93m | 82m | 82m | 85m | 54m | 46m | 162m | 101m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£10.6m | −£6.1m | −£15.7m | −£8.1m | −£7.8m | −£7.8m | −£7.0m | −£7.0m | −£4.1m | −£3.8m |
| Capital spending | −£94,000 | −£14,000 | −£177,000 | −£203,000 | −£744,000 | −£27,000 | −£2,664 | −£2,664 | −£11,413 | −£61,079 |
| Free cash flow | −£10.7m | −£6.1m | −£15.8m | −£8.3m | −£8.5m | −£7.8m | −£7.0m | −£7.0m | −£4.1m | −£3.9m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | £4.7m | — | — | — | £5.3m | — |
| Gross profit | −£295,000 | −£377,000 | £4.1m | −£479,000 | −£532,000 | −£434,000 | £4.3m | −£458,000 |
| Operating income | −£8.5m | −£8.9m | −£4.5m | −£10.5m | −£10.1m | −£8.1m | −£4.7m | −£7.2m |
| Net income | −£12.2m | −£5.7m | £231,000 | −£12.5m | −£3.3m | −£2.5m | −£8.8m | −£3.2m |
| Diluted earnings per share | -0.12 | -0.05 | 0.00 | -0.13 | -0.04 | -0.03 | -0.11 | -0.04 |
| Cash from operations | −£3.0m | −£7.0m | −£1.0m | −£4.0m | −£9.0m | −£6.0m | −£4.0m | −£4.0m |
| Total assets | £10.4m | £15.4m | £23.1m | £16.6m | £23.6m | £22.3m | £30.3m | £44.7m |
| Cash and short-term investments | £5.3m | £8.6m | £16.9m | £9.1m | £14.8m | £13.1m | £19.9m | £35.6m |
| Debt | £17.0m | £16.2m | £16.5m | £15.7m | £19.4m | £21.1m | £18.8m | £8.6m |
| Shareholders' equity | −£19.4m | −£8.4m | −£3.8m | −£15.5m | −£3.5m | −£11.8m | −£6.2m | £22.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 13.5% | 12.3% | 19.1% |
| Net income | 14.5% | 3.0% | 21.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.9 | -9.7 | -17.1 | -7.2 | -97.7 | -11.0 | -13.8 | -5.8 | -34.5 | -35.5 |
| Price to sales | — | 25.2 | — | 16.3 | — | — | — | — | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-for-1 split · 26 Jul 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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