T 
37.50p
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
£17.7m
FY2016FY2025
Net income
−£1.6m
FY2016FY2025
Free cash flow
£1.2m
FY2016FY2025
Shareholders' equity
£13.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £17.7m | £20.8m | £22.4m | £14.5m | £14.5m | £11.5m | £28.2m | £41.1m | £65.0m | £43.4m |
| Gross profit | £3.4m | £6.0m | £6.7m | £5.1m | £6.3m | £2.5m | £6.4m | £6.6m | £24.0m | £17.8m |
| Operating income | −£1.4m | −£2.9m | −£1.1m | £1.5m | £1.7m | −£663,000 | −£9.1m | −£30.2m | −£12.5m | −£3.8m |
| Net income | −£1.6m | −£3.2m | −£1.5m | −£587,000 | −£2.0m | −£18.5m | −£8.7m | −£32.6m | −£11.2m | −£3.4m |
| Diluted earnings per share | -0.04 | -0.13 | -0.06 | -0.03 | -0.40 | -4.61 | -2.16 | -0.82 | -0.28 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £21.4m | £14.3m | £16.8m | £15.4m | £15.9m | £22.3m | £40.9m | £46.1m | £85.1m | £84.1m |
| Cash and short-term investments | £664,000 | £854,000 | £274,000 | £414,000 | £349,000 | £693,000 | £679,000 | −£708,000 | £1.1m | £1.1m |
| Total liabilities | £7.6m | £10.2m | £10.2m | £9.4m | £24.6m | £30.9m | £31.1m | £27.7m | £39.8m | £30.7m |
| Debt | £3.5m | £5.0m | £4.8m | £4.6m | £18.1m | £17.4m | £17.9m | £9.9m | £10.8m | £6.5m |
| Shareholders' equity | £13.6m | £4.1m | £6.6m | £6.0m | −£8.6m | −£8.6m | £9.8m | £18.4m | £45.3m | £53.4m |
| Shares outstanding | 40m | 24m | 24m | 22m | 5m | 4m | 4m | 40m | 40m | 208m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.3m | £1.9m | £658,000 | £1.5m | £588,000 | £2.1m | £47,000 | −£9.0m | £1.2m | −£2.4m |
| Capital spending | −£35,000 | −£28,000 | −£75,000 | −£208,000 | −£28,000 | −£82,000 | −£177,000 | −£272,000 | −£3.1m | −£2.6m |
| Free cash flow | £1.2m | £1.9m | £583,000 | £1.3m | £560,000 | £2.0m | −£130,000 | −£9.3m | −£1.9m | −£5.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £7.6m | £8.8m | £8.8m | £10.1m | £10.7m | £10.8m | £11.6m | £7.7m |
| Gross profit | £1.4m | £1.7m | £1.7m | £1.6m | £1.7m | £3.1m | £2.4m | £1.9m |
| Operating income | −£280,000 | −£84,000 | −£23,000 | −£684,000 | −£556,000 | −£516,000 | £26,000 | £1.2m |
| Net income | −£402,000 | −£710,000 | −£884,000 | −£2.3m | −£928,000 | −£600,000 | −£936,000 | £126,000 |
| Diluted earnings per share | -0.01 | -0.02 | -0.02 | -0.09 | -0.04 | -0.02 | -0.04 | 0.01 |
| Cash from operations | — | £1.0m | — | −£1.0m | £1.0m | — | — | — |
| Total assets | £19.3m | £21.4m | £14.7m | £14.3m | £15.3m | £16.8m | £18.0m | £15.4m |
| Cash and short-term investments | £299,000 | £664,000 | £537,000 | £854,000 | £613,000 | £274,000 | £473,000 | £414,000 |
| Debt | £2.6m | £3.4m | £4.5m | £4.7m | £4.8m | £4.2m | £4.1m | £210,000 |
| Shareholders' equity | £13.3m | £13.6m | £3.4m | £4.1m | £5.9m | £6.6m | £7.2m | £6.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.9% | 8.9% | — |
| Operating income | — | 15.9% | 0.8% |
| Net income | 39.5% | -38.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 28.0% | 29.5% | — |
| Operating margin | -11.1% | -5.2% | -2.8% | — |
| Net margin | -12.4% | -9.2% | -27.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.0 | -2.5 | -9.8 | -25.1 | -3.1 | -0.2 | -2.0 | -2.5 | -97.4 | -1834.2 |
| Price to sales | 1.8 | 0.4 | 0.7 | 1.0 | 0.4 | 0.3 | 0.6 | 2.0 | 16.9 | 145.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jun 2014.
| FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|
| Paid in the year | 0.033 | 0.033 | 0.025 | 0.006 |
- 100-to-1 reverse split · 3 Nov 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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