T 
101.00p
+1.00%
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
£92.5m
FY2016FY2025
Net income
£8.9m
FY2016FY2025
Free cash flow
£19.3m
FY2016FY2025
Shareholders' equity
£59.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £92.5m | £90.0m | £85.8m | £83.6m | £81.1m | £73.0m | £78.2m | £80.1m | £84.9m | £90.3m |
| Gross profit | £43.5m | £42.5m | £41.4m | £31.3m | £41.8m | £38.6m | £39.2m | £39.2m | £42.5m | £38.8m |
| Research and development | £8.2m | £6.1m | £5.6m | £5.0m | £6.8m | £6.1m | £6.2m | £7.1m | £8.8m | £3.2m |
| Operating income | £13.8m | £7.0m | £9.5m | £802,000 | £9.8m | £8.8m | £8.4m | £4.6m | £3.7m | £63,000 |
| Net income | £8.9m | £5.5m | £5.3m | −£510,000 | £7.0m | £6.4m | −£3.0m | £4.1m | £2.6m | −£1.2m |
| Diluted earnings per share | 0.04 | 0.03 | 0.02 | -0.00 | 0.03 | 0.03 | -0.01 | 0.02 | 0.01 | -0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £109.3m | £113.1m | £113.6m | £103.1m | £97.3m | £85.0m | £86.9m | £75.7m | £73.6m | £71.4m |
| Cash and short-term investments | £11.4m | £5.3m | £6.8m | £2.9m | £5.9m | £9.5m | £16.5m | £20.0m | £14.1m | £10.3m |
| Total liabilities | £49.4m | £61.6m | £65.2m | £58.3m | £51.0m | £46.8m | £55.6m | £40.2m | £41.1m | £43.9m |
| Debt | £959,000 | £9.6m | £16.0m | £7.7m | £2.3m | £3.6m | £4.2m | −£20.9m | −£17.9m | £1.4m |
| Shareholders' equity | £59.9m | £51.5m | £48.5m | £44.8m | £46.3m | £37.6m | £31.3m | £35.5m | £32.6m | £27.5m |
| Shares outstanding | 217m | 216m | 212m | 211m | 222m | 214m | 199m | 206m | 206m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £20.2m | £12.7m | £7.5m | £6.1m | £13.9m | £5.5m | £12.4m | £14.2m | £11.1m | £8.3m |
| Capital spending | −£876,000 | −£4.7m | −£8.9m | −£11.1m | −£10.8m | −£7.5m | −£6.9m | −£5.4m | −£4.4m | −£2.4m |
| Free cash flow | £19.3m | £8.0m | −£1.4m | −£5.0m | £3.1m | −£2.0m | £5.5m | £8.8m | £6.8m | £5.9m |
| Dividends paid | −£1.4m | −£1.4m | −£1.4m | −£2.7m | −£2.5m | −£2.3m | −£2.1m | −£2.0m | −£2.0m | −£2.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £48.9m | £47.2m | £45.3m | £45.1m | £44.9m | £42.4m | £43.4m | £41.2m |
| Gross profit | £24.2m | £21.9m | £22.0m | £21.4m | £21.1m | £19.1m | £22.3m | £11.1m |
| Operating income | £5.7m | £7.3m | £6.5m | £7.4m | £1.9m | £3.1m | £6.3m | −£2.3m |
| Net income | £3.9m | £5.0m | £3.9m | £4.1m | £1.4m | £573,000 | £4.7m | −£2.1m |
| Diluted earnings per share | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.02 | -0.01 |
| Cash from operations | −£2.0m | £18.0m | £1.0m | £11.0m | — | £11.0m | −£4.0m | £9.0m |
| Capital spending | — | — | — | — | −£2.0m | −£4.0m | −£4.0m | −£5.0m |
| Free cash flow | — | — | — | — | — | £7.0m | −£8.0m | £4.0m |
| Total assets | £116.3m | £109.3m | £107.1m | £113.1m | £112.0m | £113.6m | £107.7m | £103.1m |
| Cash and short-term investments | £7.1m | £11.4m | £4.2m | £5.3m | £4.9m | £6.8m | £1.6m | £2.9m |
| Debt | £501,000 | £544,000 | £8.5m | £8.7m | £16.3m | £14.7m | £15.1m | £7.0m |
| Shareholders' equity | £58.8m | £59.9m | £55.0m | £51.5m | £50.0m | £48.5m | £49.6m | £44.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 4.9% | -1.4% |
| Operating income | 158.3% | 9.3% | — |
| Net income | — | 7.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.1% | 45.1% | 47.3% | 46.2% |
| Operating margin | 11.4% | 8.9% | 9.8% | 2.3% |
| Net margin | 7.9% | 5.5% | 6.4% | -1.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.4 | 18.3 | 22.2 | -194.1 | 32.2 | 29.2 | -41.6 | 38.7 | 63.6 | -2.2 |
| Price to sales | 1.6 | 1.1 | 1.4 | 1.2 | 2.8 | 2.5 | 1.6 | 2.0 | 2.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 26 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.013 | 0.021 | 0.007 | 0.007 | 0.013 | 0.012 | 0.011 | 0.011 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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