S 
6.50p
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 GBP, from our data supplier.
Revenue
£5.7m
FY2016FY2025
Net income
−£2.5m
FY2016FY2025
Free cash flow
−£1.4m
FY2016FY2025
Shareholders' equity
−£806,000
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £5.7m | £6.6m | £6.4m | £6.2m | £9.2m | £9.8m | £8.2m | £8.8m | £8.3m | £6.8m |
| Gross profit | £2.9m | £3.1m | £2.3m | £2.3m | £3.6m | £4.1m | £3.8m | £4.1m | £4.0m | £3.4m |
| Research and development | £396,000 | — | £210,000 | £510,000 | £494,000 | £600,000 | £627,000 | £664,000 | £625,000 | £514,000 |
| Operating income | −£2.3m | −£1.1m | −£2.1m | −£2.9m | −£1.5m | −£392,000 | −£622,000 | £64,000 | £478,000 | £145,000 |
| Net income | −£2.5m | −£1.3m | −£2.2m | −£2.9m | −£1.4m | −£328,000 | −£660,000 | £48,000 | £430,000 | £168,000 |
| Diluted earnings per share | -0.01 | -0.01 | -0.01 | -0.02 | -0.01 | -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 | £4.3m | £4.8m | £4.8m | £5.9m | £6.4m | £6.9m | £5.3m | £3.5m | £2.5m | £2.8m |
| Cash and short-term investments | £915,000 | £718,000 | £1.1m | £1.2m | £881,000 | £1.4m | £1.2m | £374,000 | £631,000 | £437,000 |
| Total liabilities | £5.1m | £5.2m | £5.2m | £4.2m | £3.0m | £2.8m | £2.0m | £1.5m | £945,000 | £1.7m |
| Debt | £3.6m | £3.5m | £3.5m | £2.3m | £1.2m | £1.4m | £914,000 | £454,000 | £2,000 | £810,000 |
| Shareholders' equity | −£806,000 | −£398,000 | −£400,000 | £1.7m | £3.5m | £4.1m | £3.2m | £2.0m | £1.6m | £1.1m |
| Shares outstanding | 237m | 225m | 185m | 185m | 179m | 172m | 161m | 160m | 162m | 161m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.4m | −£1.4m | −£522,000 | −£1.5m | −£474,000 | −£1.3m | −£688,000 | −£995,000 | £1.0m | −£298,000 |
| Capital spending | −£18,000 | −£10,000 | −£341,000 | −£234,000 | −£298,000 | −£57,000 | −£75,000 | −£48,000 | −£85,000 | −£10,000 |
| Free cash flow | −£1.4m | −£1.4m | −£863,000 | −£1.7m | −£772,000 | −£1.4m | −£763,000 | −£1.0m | £948,000 | −£308,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.6m | £2.8m | £2.9m | £3.2m | £3.4m | £2.8m | £3.6m | £3.2m |
| Gross profit | £2.1m | £1.4m | £1.5m | £1.4m | £1.6m | £824,000 | £1.5m | £1.2m |
| Operating income | £200,000 | −£1.2m | −£368,000 | −£670,000 | −£417,000 | −£1.2m | −£596,000 | −£1.6m |
| Net income | £55,000 | −£2.0m | −£503,000 | −£802,000 | −£542,000 | −£1.4m | −£765,000 | −£1.6m |
| Diluted earnings per share | 0.00 | -0.01 | -0.00 | -0.00 | -0.00 | -0.01 | -0.00 | -0.01 |
| Cash from operations | — | — | — | −£1.0m | — | — | — | — |
| Total assets | £4.6m | £4.3m | £5.2m | £4.8m | £4.3m | £4.8m | £5.6m | £5.9m |
| Cash and short-term investments | £785,000 | £915,000 | £861,000 | £718,000 | £754,000 | £1.1m | £1.2m | £1.2m |
| Debt | £3.5m | £3.4m | £2.4m | £3.4m | £2.3m | £3.5m | £2.9m | £2.2m |
| Shareholders' equity | −£751,000 | −£806,000 | £1.2m | −£398,000 | £388,000 | −£400,000 | £961,000 | £1.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.3% | -10.1% | -1.0% |
| Operating income | -8.2% | 42.0% | -0.1% |
| Net income | -4.7% | 50.1% | -2.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 48.2% | 42.4% | 41.7% | 44.4% |
| Operating margin | -27.6% | -33.8% | -23.4% | -15.2% |
| Net margin | -31.2% | -35.9% | -24.3% | -17.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.3 | -4.9 | -1.8 | -4.0 | -17.5 | -48.5 | -9.2 | 126.1 | 25.6 | 22.8 |
| Price to sales | 3.6 | 1.0 | 0.6 | 1.9 | 2.7 | 1.6 | 0.7 | 0.7 | 1.3 | 0.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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