S 
0.40p
+23.08%
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
£11.6m
FY2016FY2025
Net income
−£895,000
FY2016FY2025
Free cash flow
£508,000
FY2016FY2025
Shareholders' equity
£7.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £11.6m | £11.9m | £12.0m | £11.3m | £9.1m | £6.3m | £10.7m | £11.0m | £8.8m | £6.1m |
| Gross profit | £3.1m | £3.4m | £3.4m | £3.9m | £3.1m | £1.3m | £4.3m | £4.7m | £3.7m | £2.1m |
| Research and development | £1.3m | £1.1m | £1.1m | £1.2m | £973,000 | £1.1m | £922,000 | £618,000 | £590,000 | £478,000 |
| Operating income | −£878,000 | −£791,000 | −£596,000 | £41,000 | −£455,000 | −£3.8m | −£2.4m | £620,000 | £581,000 | £469,000 |
| Net income | −£895,000 | −£1.9m | −£509,000 | £264,000 | −£456,000 | −£3.3m | −£2.6m | £725,000 | £626,000 | £716,000 |
| Diluted earnings per share | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £11.6m | £12.2m | £14.3m | £15.6m | £15.7m | £16.3m | £16.3m | £18.8m | £18.5m | £6.8m |
| Cash and short-term investments | £813,000 | £195,000 | £1.2m | £2.2m | £3.6m | £5.3m | £1.3m | £2.5m | £1.7m | £775,000 |
| Total liabilities | £4.0m | £3.7m | £3.8m | £4.6m | £5.1m | £5.3m | £4.1m | £4.4m | £4.8m | £996,000 |
| Debt | £665,000 | £1.2m | £1.7m | £2.2m | £2.8m | £3.3m | £2.1m | £2.1m | £2.4m | £53,000 |
| Shareholders' equity | £7.6m | £8.5m | £10.5m | £11.0m | £10.7m | £11.1m | £12.2m | £14.4m | £13.7m | £5.8m |
| Shares outstanding | 916m | 933m | 933m | 933m | 933m | 933m | 791m | 891m | 830m | 662m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £569,000 | −£74,000 | £400,000 | £486,000 | −£433,000 | £1.0m | £594,000 | £1.6m | £1.6m | £2.8m |
| Capital spending | −£61,000 | −£335,000 | −£688,000 | −£1.1m | −£657,000 | −£155,000 | −£516,000 | −£486,000 | −£775,000 | −£601,000 |
| Free cash flow | £508,000 | −£409,000 | −£288,000 | −£592,000 | −£1.1m | £887,000 | £78,000 | £1.2m | £833,000 | £2.2m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £6.0m | £5.5m | £6.1m | £5.8m | £6.2m | £6.4m | £5.7m | £5.9m |
| Gross profit | £1.7m | £1.1m | £1.9m | £1.4m | £2.0m | £1.4m | £1.7m | £1.9m |
| Operating income | −£230,000 | −£789,000 | £61,000 | −£510,000 | −£128,000 | −£290,000 | −£298,000 | £101,000 |
| Net income | −£248,000 | −£916,000 | £21,000 | −£1.5m | −£487,000 | −£135,000 | −£374,000 | £278,000 |
| Diluted earnings per share | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Total assets | £10.9m | £11.6m | £11.5m | £12.2m | £14.1m | £14.3m | £15.3m | £15.6m |
| Cash and short-term investments | £361,000 | £813,000 | −£461,000 | £195,000 | £232,000 | £1.2m | £1.4m | £2.2m |
| Debt | £286,000 | £374,000 | £473,000 | £693,000 | £1.1m | £1.1m | £1.3m | £1.4m |
| Shareholders' equity | £7.4m | £7.6m | £8.6m | £8.5m | £10.0m | £10.5m | £10.6m | £11.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.8% | 12.9% | 7.8% |
| Operating income | — | -25.4% | -7.8% |
| Net income | — | -22.9% | -7.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.6% | 29.5% | 29.3% | 32.4% |
| Operating margin | -7.1% | -4.7% | -10.4% | -8.8% |
| Net margin | -12.1% | -6.6% | -10.9% | -9.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.6 | -2.6 | -11.0 | 56.5 | -48.1 | -4.7 | -6.2 | 34.4 | 48.0 | 39.3 |
| Price to sales | 0.4 | 0.4 | 0.5 | 1.3 | 2.4 | 2.4 | 1.5 | 2.3 | 3.4 | 4.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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