S 
1.35p
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.
Net income
−£22.3m
FY2016FY2025
Free cash flow
−£6.3m
FY2016FY2025
Shareholders' equity
−£5.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | £42,000 | — | — | — | — | — | — | — |
| Operating income | −£2.9m | −£4.6m | −£4.9m | £4.0m | £2.6m | −£15.5m | −£13.6m | −£8.9m | −£8.5m | −£2.3m |
| Net income | −£22.3m | −£150.8m | −£7.2m | £5.0m | £2.4m | −£22.1m | −£19.2m | −£6.9m | −£36.0m | −£13.4m |
| Diluted earnings per share | -0.11 | -0.70 | -0.04 | 0.03 | 0.01 | -0.18 | -0.18 | -0.06 | -0.34 | -0.25 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £37.9m | £58.4m | £204.2m | £212.1m | £176.6m | £171.8m | £186.2m | £209.6m | £202.2m | £90.1m |
| Cash and short-term investments | £802,000 | £7.9m | £3.0m | £3.9m | £2.9m | £4.5m | £4.6m | £20.5m | £21.2m | £46.8m |
| Total liabilities | £42.9m | £41.4m | £37.5m | £34.0m | £21.5m | £26.9m | £23.9m | £30.5m | £29.7m | £32.5m |
| Debt | £41.9m | £37.7m | £33.4m | £30.5m | £20.0m | £24.7m | £21.5m | £20.5m | £18.6m | £17.4m |
| Shareholders' equity | −£5.1m | £17.0m | £166.7m | £178.1m | £155.1m | £144.9m | £162.3m | £179.1m | £172.5m | £57.6m |
| Shares outstanding | 208m | 216m | 187m | 185m | 163m | 123m | 108m | 107m | 105m | 53m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£3.1m | −£3.5m | −£1.5m | −£3.9m | −£1.6m | −£1.8m | −£10.8m | −£22,000 | −£11.7m | −£2.7m |
| Capital spending | −£3.2m | −£4.6m | −£2.3m | −£1.9m | −£1.4m | −£1.3m | −£6.4m | −£9.8m | −£24.0m | −£11.8m |
| Free cash flow | −£6.3m | −£8.1m | −£3.8m | −£5.8m | −£3.0m | −£3.1m | −£17.2m | −£9.8m | −£35.7m | −£14.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −£1.4m | −£1.4m | −£1.4m | −£3.2m | −£1.4m | −£1.1m | −£1.2m | −£1.2m |
| Net income | −£3.2m | −£16.8m | −£5.5m | −£2.6m | −£148.2m | £1.5m | −£8.6m | −£3.6m |
| Diluted earnings per share | -0.01 | -0.08 | -0.03 | -0.01 | -0.69 | 0.01 | -0.05 | -0.02 |
| Cash from operations | — | — | −£3.0m | −£2.0m | — | — | −£1.0m | −£3.0m |
| Capital spending | −£1.0m | −£2.0m | — | −£3.0m | −£1.0m | −£1.0m | −£1.0m | — |
| Free cash flow | — | — | — | −£5.0m | — | — | −£2.0m | — |
| Total assets | £39.1m | £37.9m | £51.6m | £58.4m | £61.4m | £204.2m | £199.7m | £212.1m |
| Cash and short-term investments | £254,000 | £802,000 | £2.8m | £7.9m | £235,000 | £3.0m | £3.7m | £3.9m |
| Debt | £1.4m | £41.9m | £37.7m | £37.7m | £35.6m | £33.4m | £31.4m | £30.4m |
| Shareholders' equity | −£7.5m | −£5.1m | £11.6m | £17.0m | £19.5m | £166.7m | £164.9m | £178.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 90.0% | — | -10.1% |
| Operating income | — | -28.7% | -10.6% |
| Net income | — | 0.2% | 2.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.0 | -0.1 | 0.1 | 0.5 | -0.0 | -0.0 | -0.8 | -0.3 | -0.7 |
| Price to sales | 2.9 | — | 131.5 | 14.6 | 5.9 | — | — | — | — | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 27 Feb 2026
- 10-to-1 reverse split · 7 Jan 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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