T 
84.00p
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
£15.8m
FY2016FY2025
Net income
£280,000
FY2016FY2025
Free cash flow
£899,000
FY2016FY2025
Shareholders' equity
£11.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £15.8m | £15.5m | £22.3m | £22.1m | £23.4m | £20.7m | £27.2m | £29.8m | £28.0m | £23.7m |
| Gross profit | £5.0m | £4.3m | £5.9m | £5.5m | £7.1m | £5.2m | £8.2m | £8.6m | £7.3m | £7.0m |
| Research and development | £390,000 | £465,000 | £467,000 | £629,000 | £582,000 | £446,000 | £654,000 | £585,000 | £560,000 | £614,000 |
| Operating income | £91,000 | −£897,000 | −£576,000 | −£1.1m | £1.1m | −£565,000 | £1.8m | £2.0m | £1.9m | £1.8m |
| Net income | £280,000 | −£3.7m | −£686,000 | −£436,000 | £1.0m | £58,000 | £1.4m | £2.1m | £1.8m | £1.6m |
| Diluted earnings per share | 0.02 | -0.33 | -0.06 | -0.04 | 0.09 | 0.01 | 0.13 | 0.19 | 0.16 | 0.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £14.2m | £14.3m | £19.4m | £21.6m | £22.0m | £21.9m | £22.6m | £24.2m | £20.9m | £19.5m |
| Cash and short-term investments | £3.5m | £2.3m | £2.2m | £1.7m | £4.8m | £5.6m | £4.6m | £3.4m | £3.3m | £2.4m |
| Total liabilities | £3.1m | £3.4m | £4.6m | £5.7m | £5.1m | £5.1m | £4.9m | £7.1m | £4.7m | £4.7m |
| Debt | £425,000 | £479,000 | £632,000 | £610,000 | £595,000 | £808,000 | — | — | — | — |
| Shareholders' equity | £11.1m | £10.9m | £14.7m | £15.6m | £16.4m | £15.9m | £16.3m | £15.4m | £14.2m | £13.1m |
| Shares outstanding | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £1.1m | £602,000 | £1.2m | −£1.8m | £1.1m | £2.7m | £3.1m | £1.8m | £1.9m | £631,000 |
| Capital spending | −£225,000 | −£313,000 | −£433,000 | −£674,000 | −£914,000 | −£517,000 | −£903,000 | −£578,000 | −£520,000 | −£721,000 |
| Free cash flow | £899,000 | £289,000 | £719,000 | −£2.5m | £231,000 | £2.2m | £2.2m | £1.2m | £1.3m | −£90,000 |
| Dividends paid | — | −£56,000 | −£112,000 | −£502,000 | −£390,000 | −£332,000 | −£526,000 | −£489,000 | −£410,000 | −£324,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.1m | £8.2m | £7.6m | £6.4m | £9.1m | £10.3m | £12.1m | £6.0m |
| Gross profit | £2.3m | £2.8m | £2.3m | £1.9m | £2.3m | £2.7m | £3.0m | £1.6m |
| Operating income | −£440,000 | £267,000 | −£181,000 | −£255,000 | −£642,000 | −£164,000 | −£399,000 | −£199,000 |
| Net income | −£455,000 | £418,000 | −£138,000 | −£3.1m | −£614,000 | −£366,000 | −£320,000 | −£196,000 |
| Diluted earnings per share | -0.04 | 0.04 | -0.01 | -0.27 | -0.05 | -0.03 | -0.03 | -0.01 |
| Cash from operations | — | £1.0m | — | — | — | £1.0m | — | — |
| Total assets | £13.9m | £14.2m | £14.0m | £14.3m | £18.2m | £19.4m | £20.6m | £20.6m |
| Cash and short-term investments | £3.1m | £3.5m | £2.9m | £2.3m | £2.2m | £2.2m | £1.6m | £1.6m |
| Debt | £246,000 | £277,000 | £150,000 | £150,000 | £160,000 | £206,000 | £230,000 | £409,000 |
| Shareholders' equity | £10.7m | £11.1m | £10.8m | £10.9m | £14.1m | £14.7m | £15.2m | £15.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.6% | -5.2% | -3.4% |
| Operating income | — | — | -24.7% |
| Net income | — | 37.0% | -14.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.7% | 27.4% | 27.6% | 28.2% |
| Operating margin | -2.6% | -3.3% | -1.6% | 2.8% |
| Net margin | -10.9% | -6.0% | -2.9% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.3 | -2.4 | -13.9 | -19.3 | 12.4 | 179.8 | 10.1 | 6.3 | 6.1 | 4.9 |
| Price to sales | 0.7 | 0.6 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Feb 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.005 | 0.01 | 0.075 | 0.035 | 0.03 | 0.048 | 0.045 | 0.038 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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