T 
1.60p
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 USD, from our data supplier.
Revenue
$6.2m
FY2016FY2025
Net income
−$588,084
FY2016FY2025
Free cash flow
$431,878
FY2016FY2025
Shareholders' equity
−$2.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.2m | $4.2m | $5.3m | $4.0m | $4.2m | $5.0m | $6.8m | $6.0m | $5.4m | $5.1m |
| Gross profit | $2.6m | $1.5m | $2.8m | $1.7m | $1.3m | $1.7m | $2.8m | $2.4m | $2.1m | $1.4m |
| Research and development | $356,321 | $159,000 | $121,701 | $125,000 | $223,000 | $206,000 | $231,000 | $224,000 | $237,000 | $189,000 |
| Operating income | $371,636 | −$884,000 | −$161,387 | −$1.4m | −$2.7m | −$1.8m | −$632,000 | −$882,000 | −$889,000 | −$1.7m |
| Net income | −$588,084 | −$1.7m | −$555,593 | −$1.0m | −$3.0m | −$2.0m | −$1.0m | −$920,000 | −$1.4m | −$2.0m |
| Diluted earnings per share | -0.01 | -0.03 | -0.01 | -0.02 | -0.06 | -0.05 | -0.02 | -0.03 | -0.05 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $3.8m | $4.4m | $5.0m | $5.0m | $6.4m | $6.4m | $7.5m | $7.0m | $6.3m | $5.7m |
| Cash and short-term investments | $571,207 | $147,000 | $186,000 | $174,000 | $1.5m | $264,000 | $219,000 | $149,000 | $148,000 | $92,000 |
| Total liabilities | $6.8m | $7.1m | $5.9m | $5.6m | $6.2m | $4.3m | $3.6m | $3.1m | $3.3m | $3.0m |
| Debt | $4.2m | $4.6m | $3.9m | $3.4m | $3.1m | $1.7m | $632,000 | $778,000 | $792,000 | $951,000 |
| Shareholders' equity | −$2.9m | −$2.7m | −$939,000 | −$538,000 | $193,000 | $2.1m | $3.9m | $3.9m | $3.0m | $2.7m |
| Shares outstanding | 66m | 55m | 54m | 53m | 49m | 44m | 42m | 35m | 27m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $432,895 | $602,000 | −$199,000 | −$951,000 | −$382,000 | −$389,000 | −$8,000 | −$695,000 | −$1.1m | −$472,000 |
| Capital spending | −$1,017 | −$10,000 | −$150,000 | −$484,000 | −$332,000 | −$299,000 | −$517,000 | −$365,000 | −$408,000 | −$369,000 |
| Free cash flow | $431,878 | $592,000 | −$349,000 | −$1.4m | −$714,000 | −$688,000 | −$525,000 | −$1.1m | −$1.5m | −$841,000 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5m | $3.8m | $1.1m | $1.1m | $2.0m | $2.3m | $1.7m | $1.9m |
| Gross profit | $1.2m | $1.6m | $546,000 | $311,500 | $915,000 | $1.2m | $812,000 | $598,000 |
| Operating income | −$458,000 | $511,442 | −$98,500 | −$302,000 | −$280,000 | $339,000 | −$461,000 | −$848,000 |
| Net income | −$888,000 | $316,511 | −$445,500 | −$184,500 | −$1.4m | $334,000 | −$754,000 | −$784,000 |
| Diluted earnings per share | -0.01 | 0.00 | -0.01 | -0.00 | -0.03 | 0.01 | -0.01 | -0.01 |
| Total assets | $3.0m | $3.8m | $3.9m | $4.4m | $4.9m | $5.0m | $5.0m | $5.0m |
| Cash and short-term investments | $454,000 | $571,207 | $207,000 | $147,000 | $143,000 | $186,000 | $347,000 | $304,000 |
| Debt | $2.3m | $3.5m | $3.5m | $3.9m | $3.8m | $3.1m | $2.8m | $2.6m |
| Shareholders' equity | −$3.1m | −$2.9m | −$3.3m | −$2.7m | −$2.3m | −$939,000 | −$1.3m | −$538,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.5% | 4.3% | 2.0% |
| Net income | -16.4% | -22.1% | -10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.6% | 43.6% | 39.9% | 38.9% |
| Operating margin | -4.9% | -10.4% | -22.5% | -21.2% |
| Net margin | -22.5% | -19.8% | -30.7% | -27.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -1.4 | -3.6 | -4.7 | -3.5 | -2.3 | -5.1 | -6.4 | -5.4 | -1.9 |
| Price to sales | 0.3 | 0.6 | 0.4 | 1.2 | 2.4 | 0.9 | 0.8 | 1.0 | 1.3 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 8-to-1 reverse split · 22 Nov 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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