T 
312.00p
+2.30%
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
£81.9m
FY2016FY2025
Net income
£520,000
FY2016FY2025
Free cash flow
£9.8m
FY2016FY2025
Shareholders' equity
£65.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £81.9m | £81.0m | £82.0m | £68.7m | £50.2m | £48.0m | £49.2m | £39.8m | £34.5m | £31.4m |
| Gross profit | £41.5m | £46.0m | £44.4m | £37.2m | £30.5m | £27.6m | £29.1m | £23.2m | £19.2m | £18.8m |
| Research and development | — | £43,000 | £3.7m | £3.7m | £3.4m | £3.0m | £2.8m | £2.4m | £1.6m | £1.3m |
| Operating income | £3.4m | £967,000 | £7.3m | £5.8m | £4.3m | £9.3m | £6.7m | £8.5m | £4.7m | £4.2m |
| Net income | £520,000 | £488,000 | £6.8m | £1.5m | £2.4m | £2.9m | £5.1m | £7.2m | £3.7m | £3.5m |
| Diluted earnings per share | 0.02 | 0.02 | 0.22 | 0.05 | 0.08 | 0.10 | 0.17 | 1.62 | 0.31 | 0.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £98.0m | £102.8m | £100.9m | £105.6m | £93.5m | £84.7m | £78.1m | £60.4m | £52.4m | £48.2m |
| Cash and short-term investments | £23.4m | £19.8m | £15.3m | £17.2m | £25.4m | £17.9m | £24.1m | £22.3m | £15.3m | £11.4m |
| Total liabilities | £33.0m | £34.6m | £33.1m | £45.1m | £36.9m | £31.6m | £30.1m | £18.3m | £18.8m | £19.5m |
| Debt | £2.6m | £1.9m | £2.1m | £2.8m | £2.1m | £2.1m | £562,000 | £278,000 | £550,000 | £664,000 |
| Shareholders' equity | £65.0m | £68.2m | £67.8m | £60.4m | £56.7m | £53.0m | £47.9m | £42.1m | £33.6m | £28.7m |
| Shares outstanding | 31m | 30m | 31m | 30m | 30m | 29m | 29m | 4m | 12m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £10.5m | £8.5m | £9.6m | £8.2m | £9.4m | £10.6m | £12.4m | £10.6m | £6.0m | £5.9m |
| Capital spending | −£671,000 | −£1.9m | −£1.8m | −£1.1m | −£400,000 | −£387,000 | −£731,000 | −£509,000 | −£558,000 | −£795,000 |
| Free cash flow | £9.8m | £6.6m | £7.7m | £7.1m | £9.0m | £10.2m | £11.6m | £10.1m | £5.5m | £5.1m |
| Dividends paid | −£759,000 | −£695,000 | −£628,000 | −£266,000 | −£288,000 | −£288,000 | −£486,000 | −£423,000 | −£362,000 | −£301,000 |
Latest quarters
By quarter end
| Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £38.9m | £45.6m | £36.3m | £44.4m | £36.6m | £42.8m | £21.4m | £39.2m |
| Gross profit | £20.0m | £23.8m | £17.7m | £21.2m | £22.1m | £22.5m | £12.6m | £21.9m |
| Operating income | £1.0m | £3.7m | −£360,000 | £3.0m | −£308,000 | £4.4m | £2.4m | £2.9m |
| Net income | £4,000 | £977,000 | −£457,000 | £976,000 | −£488,000 | £5.2m | £2.6m | £1.6m |
| Diluted earnings per share | 0.00 | 0.03 | -0.01 | 0.03 | -0.02 | 0.17 | 0.08 | 0.05 |
| Cash from operations | £3.0m | £6.0m | £3.0m | £5.0m | £2.0m | £7.0m | — | £1.0m |
| Capital spending | — | — | — | — | — | −£1.0m | — | — |
| Free cash flow | — | — | — | — | — | £6.0m | — | — |
| Total assets | £95.1m | £98.0m | £94.2m | £102.8m | £94.4m | £100.9m | £100.9m | £104.3m |
| Cash and short-term investments | £25.8m | £23.4m | £22.1m | £19.8m | £16.8m | £15.3m | £15.3m | £17.0m |
| Debt | £1.0m | £792,000 | £720,000 | £1.1m | £1.4m | £1.1m | £953,000 | £1.3m |
| Shareholders' equity | £64.5m | £65.0m | £68.0m | £68.2m | £67.9m | £67.8m | £67.8m | £63.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.0% | 11.3% | 13.5% |
| Operating income | -16.7% | -18.3% | -2.2% |
| Net income | -29.8% | -29.0% | -17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 53.7% | 53.9% | 55.2% | 56.3% |
| Operating margin | 2.7% | 5.6% | 7.5% | 10.0% |
| Net margin | 0.6% | 3.0% | 3.5% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 179.2 | 310.9 | 41.8 | 195.9 | 125.9 | 64.8 | 40.9 | 3.7 | 16.4 | 11.2 |
| Price to sales | 1.1 | 1.9 | 3.5 | 4.3 | 5.9 | 3.9 | 4.2 | 0.7 | 1.8 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 29 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.014 | 0.025 | 0.023 | 0.021 | 0.009 | 0.01 | 0.017 | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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