S 
167.50p
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 USD, from our data supplier.
Revenue
$64.3m
FY2016FY2025
Net income
$20.1m
FY2016FY2025
Free cash flow
$9.6m
FY2016FY2025
Shareholders' equity
$50.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $64.3m | $49.2m | $20.3m | $19.6m | $16.6m | $14.7m | $13.2m | $12.5m | $12.2m | $11.1m |
| Gross profit | $37.1m | $23.5m | $13.6m | $12.3m | $10.5m | $10.1m | $9.4m | $9.0m | $8.7m | $7.6m |
| Research and development | $2.7m | $2.2m | $1.5m | $1.5m | $1.4m | $1.6m | $1.7m | $1.8m | $1.8m | $2.3m |
| Operating income | $24.3m | $11.5m | $7.2m | $7.0m | $5.9m | $5.3m | $4.3m | $3.9m | $3.0m | $1.1m |
| Net income | $20.1m | $8.5m | $6.0m | $6.1m | $5.2m | $5.1m | $4.3m | $4.1m | $3.3m | $1.1m |
| Diluted earnings per share | 0.41 | 0.18 | 0.13 | 0.14 | 0.11 | 0.11 | 0.09 | 0.08 | 0.07 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $72.4m | $61.0m | $60.1m | $38.0m | $33.2m | $32.9m | $31.3m | $28.2m | $27.7m | $26.6m |
| Cash and short-term investments | $14.8m | $13.4m | $13.3m | $17.5m | $16.8m | $14.0m | $14.3m | $12.7m | $11.2m | $8.8m |
| Total liabilities | $21.0m | $24.6m | $28.0m | $9.7m | $5.2m | $4.7m | $4.2m | $2.3m | $3.3m | $3.4m |
| Debt | $8.8m | $10.6m | $12.5m | $1.3m | $1.0m | $1.2m | $1.1m | — | — | — |
| Shareholders' equity | $50.8m | $35.8m | $31.5m | $27.7m | $27.3m | $27.5m | $27.1m | $25.9m | $24.5m | $23.3m |
| Shares outstanding | 49m | 48m | 46m | 45m | 45m | 46m | 49m | 49m | 49m | 48m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $10.1m | $9.9m | $7.5m | $8.0m | $8.1m | $5.6m | $5.8m | $4.7m | $4.7m | $2.8m |
| Capital spending | −$494,688 | −$1.4m | −$482,424 | −$1.5m | −$547,000 | −$917,000 | −$771,000 | −$531,000 | −$475,000 | −$644,000 |
| Free cash flow | $9.6m | $8.5m | $7.0m | $6.6m | $7.5m | $4.7m | $5.0m | $4.2m | $4.2m | $2.2m |
| Dividends paid | −$5.6m | −$5.6m | −$5.2m | −$5.0m | −$4.3m | −$4.1m | −$3.2m | −$2.7m | −$2.3m | −$2.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.6m | $29.3m | $35.0m | $13.2m | $13.2m | $11.4m | $11.4m | $8.7m |
| Gross profit | $10.6m | $17.1m | $19.9m | $5.4m | $5.4m | $6.4m | $6.4m | $5.6m |
| Operating income | $3.5m | $10.2m | $14.1m | $2.6m | $2.6m | $3.1m | $3.1m | $902,685 |
| Net income | $2.9m | $10.0m | $10.1m | $1.6m | $1.6m | $2.6m | $2.6m | $667,461 |
| Diluted earnings per share | 0.06 | 0.20 | 0.21 | 0.03 | 0.03 | 0.05 | 0.05 | 0.01 |
| Cash from operations | — | $10.0m | — | $8.0m | $4.0m | — | — | $1.0m |
| Total assets | $68.5m | $72.4m | $64.2m | $61.0m | $61.0m | $61.4m | $61.4m | $60.1m |
| Cash and short-term investments | $14.9m | $14.8m | $2.6m | $13.4m | $13.4m | $4.4m | $4.4m | $13.3m |
| Debt | $2.6m | $4.3m | $5.3m | $5.6m | $3.0m | $5.4m | $569,000 | $7.3m |
| Shareholders' equity | $47.1m | $50.8m | $41.0m | $35.8m | $35.8m | $32.5m | $32.5m | $31.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 48.5% | 34.4% | 16.4% |
| Operating income | 51.5% | 35.5% | — |
| Net income | 48.3% | 31.4% | 88.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.4% | 56.4% | 58.0% | 59.9% |
| Operating margin | 31.5% | 32.5% | 33.1% | 29.7% |
| Net margin | 25.2% | 26.6% | 27.7% | 25.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 5.0 | 17.8 | 23.8 | 16.9 | 17.6 | 20.0 |
| Price to sales | 1.6 | 3.1 | 7.1 | 5.3 | 5.5 | 7.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 12 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.116 | 0.352 | 0.115 | 0.11 | 0.095 | 0.09 | 0.07 | 0.06 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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