T 
1.90p
+11.76%
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
£6.0m
FY2017FY2026
Net income
−£3.6m
FY2017FY2026
Free cash flow
−£701,000
FY2017FY2026
Shareholders' equity
£4.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £6.0m | £4.2m | £7.8m | £12.4m | £8.4m | £6.7m | £8.0m | £6.0m | £3.1m | £2.0m |
| Research and development | £476,000 | — | £636,000 | £598,000 | £631,000 | £577,000 | £549,000 | £1.3m | £505,000 | £489,000 |
| Operating income | −£3.4m | −£4.7m | −£3.0m | −£1.2m | −£1.8m | −£2.5m | −£1.8m | −£2.2m | −£2.5m | −£2.1m |
| Net income | −£3.6m | −£4.6m | −£2.8m | −£805,000 | −£1.7m | −£2.5m | −£1.3m | −£2.0m | −£3.1m | −£962,000 |
| Diluted earnings per share | -0.01 | -0.02 | -0.02 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £7.5m | £8.5m | £11.6m | £12.4m | £12.8m | £14.7m | £16.1m | £16.3m | £21.0m | £47.6m |
| Cash and short-term investments | £2.0m | £374,000 | £4.1m | £2.8m | £5.4m | £7.3m | £8.4m | £9.4m | £17.6m | £1.0m |
| Total liabilities | £2.8m | £2.9m | £2.8m | £3.6m | £3.3m | £3.3m | £2.7m | £2.2m | £1.5m | £8.7m |
| Debt | £366,000 | £544,000 | £643,000 | £725,000 | £653,000 | £325,000 | £457,000 | £262,000 | £106,000 | £349,000 |
| Shareholders' equity | £4.7m | £5.6m | £8.8m | £8.8m | £9.4m | £11.3m | £13.4m | £14.1m | £19.5m | £38.9m |
| Shares outstanding | 451m | 268m | 160m | 147m | 147m | 146m | 145m | 145m | 160m | 165m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£273,000 | −£4.4m | −£826,000 | −£2.5m | −£1.6m | −£571,000 | −£860,000 | −£4.5m | −£9.5m | −£8.4m |
| Capital spending | −£428,000 | −£548,000 | −£622,000 | −£123,000 | −£735,000 | −£491,000 | −£402,000 | −£579,000 | −£196,000 | −£760,000 |
| Free cash flow | −£701,000 | −£4.9m | −£1.4m | −£2.6m | −£2.3m | −£1.1m | −£1.3m | −£5.1m | −£9.7m | −£9.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.4m | £2.6m | £2.2m | £1.9m | £4.3m | £3.5m | £1.8m | £9.6m |
| Operating income | −£1.5m | −£2.2m | −£2.2m | −£2.5m | −£1.4m | −£1.5m | −£756,000 | £902,000 |
| Net income | −£1.4m | −£2.2m | −£2.2m | −£2.4m | −£1.4m | −£1.5m | −£741,000 | £998,000 |
| Diluted earnings per share | -0.00 | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | 0.01 |
| Cash from operations | — | — | −£2.0m | −£1.0m | — | — | — | £1.0m |
| Total assets | £7.5m | £8.1m | £8.5m | £9.1m | £11.6m | £10.5m | £10.5m | £12.4m |
| Cash and short-term investments | £2.0m | £2.1m | £374,000 | £1.8m | £4.1m | £2.4m | £2.4m | £2.8m |
| Debt | £229,000 | £192,000 | £215,000 | £240,000 | £151,000 | £132,000 | £557,000 | £121,000 |
| Shareholders' equity | £4.7m | £6.0m | £5.6m | £6.4m | £8.8m | £7.1m | £7.2m | £8.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.4% | -2.1% | -11.8% |
| Operating income | 42.4% | 6.7% | -6.9% |
| Net income | 65.2% | 7.8% | -7.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -80.0% | -40.5% | -36.5% | -37.5% |
| Net margin | -80.9% | -39.1% | -35.3% | -36.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.1 | -0.6 | -1.1 | -8.4 | -4.8 | -4.0 | -7.3 | -4.9 | -3.4 | -6.5 |
| Price to sales | 1.3 | 0.6 | 0.4 | 0.6 | 0.9 | 1.5 | 1.2 | 1.7 | 3.5 | 3.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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