T 
93.00p
+1.09%
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
£69.6m
FY2016FY2025
Net income
£2.4m
FY2016FY2025
Free cash flow
£3.2m
FY2016FY2025
Shareholders' equity
£26.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £69.6m | £67.3m | £66.7m | £48.7m | £35.1m | £46.4m | £49.1m | £40.1m | £34.9m | £25.7m |
| Research and development | £641,000 | £649,000 | £6.4m | £542,000 | £690,000 | £912,000 | £3.5m | £3.0m | £736,000 | £1.3m |
| Operating income | £4.7m | £2.1m | £1.8m | −£3.6m | −£5.7m | −£5.1m | −£7.8m | −£8.0m | −£1.7m | −£2.8m |
| Net income | £2.4m | £1.0m | £4.5m | −£4.3m | −£5.8m | −£6.9m | −£8.3m | −£8.1m | −£1.6m | −£3.3m |
| Diluted earnings per share | 0.02 | 0.01 | 0.05 | -0.05 | -0.07 | -0.09 | -0.10 | -0.09 | -0.03 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £54.8m | £49.2m | £42.9m | £33.2m | £27.2m | £34.7m | £34.3m | £39.2m | £22.4m | £15.4m |
| Cash and short-term investments | £9.7m | £9.3m | £8.2m | £6.6m | £6.7m | £11.0m | £12.3m | £20.7m | £8.0m | £3.3m |
| Total liabilities | £28.1m | £30.8m | £27.7m | £23.4m | £15.2m | £19.5m | £13.4m | £10.5m | £15.4m | £9.7m |
| Debt | £9.1m | £11.0m | £6.7m | £6.1m | £3.2m | £7.0m | £32,000 | £96,000 | £6.9m | £4.0m |
| Shareholders' equity | £26.7m | £18.3m | £15.2m | £9.8m | £11.9m | £15.2m | £20.9m | £28.7m | £7.0m | £5.8m |
| Shares outstanding | 99m | 86m | 87m | 84m | 82m | 80m | 80m | 89m | 50m | 78m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £10.6m | £9.9m | £10.7m | £4.2m | £3.5m | £7.0m | −£2.7m | −£2.8m | £2.8m | £776,000 |
| Capital spending | −£7.4m | −£7.0m | −£7.8m | −£7.3m | −£5.6m | −£5.5m | −£1.2m | −£1.4m | −£3.4m | −£3.4m |
| Free cash flow | £3.2m | £2.9m | £2.9m | −£3.1m | −£2.1m | £1.5m | −£3.9m | −£4.2m | −£589,000 | −£2.6m |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Aug 2023 | Feb 2023 | Aug 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £36.0m | £35.6m | £34.1m | £34.0m | £33.3m | £34.3m | £32.4m | £27.3m |
| Operating income | £1.4m | £3.8m | £1.5m | £1.0m | £674,000 | £1.7m | £238,000 | −£591,000 |
| Net income | £53,000 | £1.3m | £1.1m | £1.0m | £2,000 | £4.7m | −£185,000 | −£1.2m |
| Diluted earnings per share | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.05 | -0.00 | -0.01 |
| Cash from operations | £5.0m | £8.0m | £1.0m | £6.0m | £2.0m | £7.0m | £2.0m | £3.0m |
| Capital spending | — | — | — | — | — | −£3.0m | −£3.0m | −£3.0m |
| Free cash flow | — | — | — | — | — | £4.0m | −£1.0m | £0 |
| Total assets | £52.3m | £54.8m | £55.8m | £49.2m | £43.9m | £42.9m | £36.2m | £33.2m |
| Cash and short-term investments | £9.3m | £9.7m | £11.2m | £9.3m | £8.0m | £8.2m | £7.2m | £6.6m |
| Debt | £2.0m | £2.6m | £5.9m | £6.6m | £7.6m | £6.3m | £8.4m | £5.3m |
| Shareholders' equity | £27.1m | £26.7m | £25.0m | £18.3m | £16.3m | £15.2m | £9.7m | £9.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.7% | 8.5% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.0% | 2.0% | -1.8% | -5.7% |
| Net margin | 2.5% | 1.4% | -2.7% | -6.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.7 | 39.6 | 18.5 | -15.1 | -13.5 | -10.1 | -13.0 | -4.9 | -21.3 |
| Price to sales | 1.0 | 0.6 | 1.3 | 1.3 | 2.2 | 1.5 | 2.2 | 1.0 | 1.0 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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