T 
33.00p
-2.94%
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 USD, from our data supplier.
Revenue
$492.0m
FY2016FY2025
Net income
−$63.8m
FY2016FY2025
Free cash flow
$21.2m
FY2016FY2025
Shareholders' equity
$43.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $492.0m | $802.8m | $836.9m | $728.2m | $410.5m | $240.0m | $109.2m | $75.2m | $44.2m | $33.5m |
| Operating income | $10.6m | $8.2m | $42.3m | $33.6m | $12.4m | −$2.1m | $1.1m | −$2.9m | $3.4m | $2.1m |
| Net income | −$63.8m | −$17.7m | $24.3m | −$2.1m | −$3.5m | −$10.9m | −$6.5m | −$8.6m | $1.9m | $1.4m |
| Diluted earnings per share | -0.26 | -0.07 | 0.08 | -0.01 | -0.02 | -0.05 | -0.04 | -0.05 | 0.02 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $402.9m | $479.6m | $546.7m | $558.6m | $400.2m | $348.2m | $285.0m | $246.7m | $149.8m | $83.9m |
| Cash and short-term investments | $81.2m | $88.3m | $92.7m | $94.8m | $56.1m | $28.7m | $26.2m | $31.0m | $19.7m | $15.0m |
| Total liabilities | $359.2m | $386.5m | $393.2m | $391.6m | $286.2m | $234.3m | $208.0m | $141.9m | $101.8m | $45.7m |
| Debt | $171.6m | $188.9m | $171.4m | $156.9m | $138.1m | $120.2m | $105.9m | $33.9m | $31.6m | $3.6m |
| Shareholders' equity | $43.7m | $93.1m | $153.5m | $167.0m | $114.0m | $113.9m | $77.1m | $104.9m | $48.1m | $38.2m |
| Shares outstanding | 243m | 251m | 312m | 286m | 218m | 230m | 179m | 159m | 102m | 101m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $21.5m | $76.6m | $75.4m | $77.6m | $41.0m | $20.7m | $16.3m | $6.9m | $3.8m | $3.3m |
| Capital spending | −$306,294 | −$1.3m | −$10.2m | −$6.5m | −$4.8m | −$4.3m | −$15.5m | −$312,987 | −$104,000 | −$145,000 |
| Free cash flow | $21.2m | $75.3m | $65.2m | $71.1m | $36.2m | $16.4m | $819,000 | $6.6m | $3.7m | $3.2m |
| Dividends paid | — | −$9.8m | −$3.6m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $89.5m | $89.5m | $109.0m | $109.0m | $131.9m | $131.9m | $187.7m | $205.4m |
| Operating income | $1.5m | $1.5m | −$25.0m | −$25.0m | $499,999 | $499,999 | −$23.0m | $8.3m |
| Net income | −$3.0m | −$3.0m | −$24.2m | −$24.2m | −$7.0m | −$7.0m | −$29.6m | $2.1m |
| Diluted earnings per share | -0.01 | -0.01 | -0.10 | -0.10 | -0.03 | -0.03 | -0.12 | 0.01 |
| Cash from operations | −$8.0m | −$8.0m | $9.0m | $9.0m | $8.0m | $8.0m | $26.0m | $18.0m |
| Total assets | $350.0m | $350.0m | $402.8m | $402.8m | $455.2m | $455.2m | $479.6m | $551.1m |
| Cash and short-term investments | $52.0m | $52.0m | $81.2m | $81.2m | $76.6m | $76.6m | $88.3m | $93.3m |
| Debt | $9.4m | $9.4m | $170.2m | $170.2m | $170.9m | $1.4m | $186.3m | $1.8m |
| Shareholders' equity | $33.5m | $33.5m | $43.7m | $43.7m | $91.4m | $91.4m | $93.1m | $148.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -12.3% | 15.4% | 36.0% |
| Operating income | -31.9% | — | 12.8% |
| Net income | 212.1% | 42.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.5% | 3.3% | 3.0% | 3.0% |
| Net margin | -6.3% | -2.1% | -2.1% | -2.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.5 | -9.8 | 11.8 | -156.1 | -63.5 | -14.7 | -18.0 | -7.0 | 24.7 | 23.9 |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.5 | 0.6 | 0.7 | 1.1 | 0.8 | 1.0 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Aug 2024.
| FY2024 | FY2023 | |
|---|---|---|
| Paid in the year | 0.03 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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