S 
185.00p
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
£68.1m
FY2016FY2025
Net income
£3.7m
FY2016FY2025
Free cash flow
£8.9m
FY2016FY2025
Shareholders' equity
£43.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £68.1m | £55.8m | £49.1m | £39.1m | £36.6m | £44.6m | £68.5m | £71.2m | £70.1m | £70.9m |
| Gross profit | £29.2m | £23.9m | £20.0m | £16.6m | £15.6m | £14.6m | £23.3m | £23.4m | £23.9m | £23.9m |
| Research and development | — | £2.2m | £1.5m | £3.0m | £2.8m | £3.2m | £3.0m | £2.6m | £2.2m | £1.9m |
| Operating income | £6.0m | £4.3m | £2.8m | £1.1m | −£764,000 | −£4.7m | £2.7m | £2.2m | £3.1m | £2.1m |
| Net income | £3.7m | £3.2m | £2.2m | £1.5m | −£479,000 | −£4.7m | £1.6m | £1.5m | £2.6m | £1.5m |
| Diluted earnings per share | 0.21 | 0.18 | 0.13 | 0.09 | -0.03 | -0.28 | 0.10 | 0.09 | 0.15 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £64.8m | £65.8m | £57.6m | £52.4m | £54.1m | £59.8m | £62.7m | £61.3m | £64.9m | £66.8m |
| Cash and short-term investments | £14.1m | £9.6m | £4.6m | £4.3m | £4.6m | £6.9m | £3.6m | £8.1m | £4.7m | £5.8m |
| Total liabilities | £21.0m | £24.5m | £18.7m | £15.4m | £18.8m | £22.8m | £21.8m | £20.6m | £24.1m | £27.2m |
| Debt | £1.7m | £1.9m | £1.9m | £2.8m | £2.8m | £2.8m | £4.1m | £3.0m | £900,000 | £3.7m |
| Shareholders' equity | £43.7m | £41.3m | £38.9m | £37.0m | £35.3m | £37.0m | £41.0m | £40.7m | £40.8m | £39.6m |
| Shares outstanding | 18m | 18m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £9.2m | £8.5m | £3.0m | £1.2m | −£607,000 | £5.8m | −£2.0m | £5.8m | £3.7m | £2.6m |
| Capital spending | −£327,000 | −£1.9m | −£273,000 | −£314,000 | −£875,000 | −£1.2m | −£1.5m | −£955,000 | −£964,000 | −£731,000 |
| Free cash flow | £8.9m | £6.6m | £2.7m | £915,000 | −£1.5m | £4.5m | −£3.5m | £4.9m | £2.7m | £1.9m |
| Dividends paid | −£800,000 | −£845,000 | −£338,000 | −£253,000 | −£253,000 | −£253,000 | −£810,000 | −£699,000 | −£498,000 | −£163,000 |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £22.2m | £32.6m | £35.5m | £29.5m | £26.3m | £27.3m | £21.9m | £16.4m |
| Gross profit | £10.6m | £14.6m | £14.5m | £12.8m | £11.2m | £10.9m | £9.1m | £7.6m |
| Operating income | −£200,000 | £3.0m | £3.0m | £2.6m | £2.2m | £2.3m | £764,000 | −£81,000 |
| Net income | −£381,000 | £1.1m | £2.6m | £1.8m | £1.4m | £1.6m | £565,000 | £256,000 |
| Diluted earnings per share | -0.02 | 0.06 | 0.15 | 0.10 | 0.08 | 0.09 | 0.03 | 0.02 |
| Cash from operations | −£1.0m | £4.0m | £4.0m | £4.0m | £3.0m | £1.0m | £1.0m | — |
| Total assets | £61.0m | £64.8m | £64.7m | £65.8m | £58.1m | £57.6m | £52.8m | £52.4m |
| Cash and short-term investments | £10.5m | £14.1m | £12.1m | £9.6m | £6.4m | £4.6m | £4.0m | £4.3m |
| Debt | £1.3m | £643,000 | £650,000 | £701,000 | £571,000 | £573,000 | £683,000 | £683,000 |
| Shareholders' equity | £42.8m | £43.7m | £43.7m | £41.3m | £39.8m | £38.9m | £37.2m | £37.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.3% | 8.8% | -0.1% |
| Operating income | 75.6% | — | 24.3% |
| Net income | 36.3% | — | 24.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.9% | 42.3% | 40.9% | 36.7% |
| Operating margin | 8.3% | 6.6% | 2.9% | 3.0% |
| Net margin | 5.6% | 5.0% | 1.8% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 19.6 | 11.5 | 13.0 | -35.3 | -3.8 | 16.0 | 21.7 | 14.1 | 20.2 |
| Price to sales | 0.6 | 1.1 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.028 | 0.047 | 0.05 | 0.02 | 0.015 | 0.048 | 0.042 | 0.03 |
- 20-to-1 reverse split · 9 May 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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