S 
9.60p
-1.54%
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
£42.3m
FY2016FY2026
Net income
£355,000
FY2016FY2026
Free cash flow
£3.9m
FY2016FY2026
Shareholders' equity
£16.9m
FY2016FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £42.3m | £37.1m | £46.3m | £42.5m | £29.5m | £12.2m | £9.0m | £4.4m | £1.4m | — |
| Gross profit | £27.0m | £23.1m | £26.6m | £23.8m | £16.5m | £5.8m | £4.4m | £2.5m | £669,000 | — |
| Operating income | £715,000 | −£42,000 | −£321,000 | £1.6m | −£546,000 | −£3.2m | −£7.8m | −£3.5m | −£6.1m | −£363,000 |
| Net income | £355,000 | −£544,000 | −£423,000 | £1.9m | −£142,000 | −£3.0m | −£7.8m | −£3.5m | −£6.1m | −£2.6m |
| Diluted earnings per share | 0.00 | -0.00 | -0.00 | 0.01 | -0.00 | -0.01 | -0.04 | -0.03 | -0.06 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £27.5m | £29.0m | £23.9m | £27.4m | £17.7m | £7.9m | £10.6m | £5.4m | £5.9m | £388,000 |
| Cash and short-term investments | £8.4m | £7.3m | £8.3m | £10.6m | £7.0m | £3.9m | £5.3m | £3.6m | £4.6m | £342,000 |
| Total liabilities | £10.6m | £11.0m | £5.7m | £9.0m | £7.1m | £2.9m | £2.7m | £980,000 | £921,000 | £157,000 |
| Debt | £3.3m | £3.9m | £622,000 | £630,000 | £327,000 | £49,000 | £126,000 | £126,000 | — | — |
| Shareholders' equity | £16.9m | £17.9m | £18.2m | £18.4m | £10.6m | £5.0m | £7.9m | £4.4m | £4.9m | £228,000 |
| Shares outstanding | 222m | 248m | 248m | 225m | 221m | 213m | 192m | 132m | 107m | 222m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £3.9m | £1.8m | −£1.6m | −£1.5m | −£2.3m | −£1.3m | −£9.1m | −£3.7m | −£3.7m | −£338,000 |
| Capital spending | −£23,000 | −£2.6m | −£539,000 | −£400,000 | −£54,000 | −£46,000 | −£129,000 | −£143,000 | −£18,000 | −£568,000 |
| Free cash flow | £3.9m | −£783,000 | −£2.1m | −£1.9m | −£2.3m | −£1.3m | −£9.2m | −£3.9m | −£3.8m | −£906,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £23.6m | £18.7m | £20.9m | £16.2m | £24.1m | £22.2m | £21.5m | £20.9m |
| Gross profit | £15.4m | £11.6m | £13.0m | £10.1m | £14.2m | £12.1m | £12.6m | £11.3m |
| Operating income | £1.1m | −£1.0m | £863,000 | −£682,000 | £681,000 | −£1.3m | £1.5m | £98,000 |
| Net income | £1.4m | −£1.1m | £115,000 | −£659,000 | £926,000 | −£1.3m | £1.8m | £77,000 |
| Diluted earnings per share | 0.01 | -0.00 | 0.00 | -0.00 | 0.00 | -0.01 | 0.01 | 0.00 |
| Cash from operations | £3.0m | — | £1.0m | — | £1.0m | −£3.0m | £1.0m | −£2.0m |
| Capital spending | — | — | −£1.0m | −£1.0m | — | — | — | — |
| Free cash flow | — | — | £0 | — | — | — | — | — |
| Total assets | £27.5m | £28.1m | £29.0m | £27.3m | £23.9m | £27.0m | £27.4m | £21.4m |
| Cash and short-term investments | £8.4m | £7.7m | £7.3m | £7.0m | £8.3m | £7.0m | £10.6m | £4.2m |
| Debt | £643,000 | £826,000 | £571,000 | £294,000 | £194,000 | £111,000 | £148,000 | £116,000 |
| Shareholders' equity | £16.9m | £17.0m | £17.9m | £17.7m | £18.2m | £17.2m | £18.4m | £10.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.1% | 28.3% | — |
| Operating income | -24.1% | — | — |
| Net income | -42.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 63.1% | 59.8% | 58.6% | — |
| Operating margin | 0.8% | 1.2% | -0.8% | — |
| Net margin | -0.2% | 0.8% | -0.9% | — |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 60.7 | -35.5 | -48.4 | 18.5 | -315.7 | -21.4 | -4.1 | -4.6 | -2.5 | -12.4 |
| Price to sales | 0.5 | 0.5 | 0.4 | 0.8 | 1.5 | 5.2 | 3.6 | 3.7 | 11.1 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 2 Nov 2017
- 250-to-1 reverse split · 10 Apr 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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