T 
40.00p
-1.23%
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
£4.6m
FY2017FY2026
Net income
−£105,000
FY2017FY2026
Free cash flow
£333,000
FY2017FY2026
Shareholders' equity
£7.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.6m | £5.5m | £4.2m | £3.5m | £2.6m | £1.8m | £603,000 | £596,000 | £2.0m | £2.0m |
| Gross profit | £3.5m | £5.0m | £3.7m | £3.1m | £2.2m | £1.4m | £332,000 | £376,000 | £1.3m | £1.1m |
| Research and development | — | — | — | £45,000 | £44,000 | £47,000 | £209,000 | £284,000 | £300,000 | £168,000 |
| Operating income | −£86,000 | £1.4m | £1.2m | £749,000 | £276,000 | −£193,000 | −£1.4m | −£1.2m | −£1.9m | −£2.2m |
| Net income | −£105,000 | £1.4m | £1.6m | £1.4m | £877,000 | £156,000 | −£2.5m | −£841,000 | −£1.9m | −£2.2m |
| Diluted earnings per share | -0.01 | 0.09 | 0.10 | 0.09 | 0.05 | 0.01 | -0.16 | -0.05 | -0.14 | -0.16 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £9.0m | £8.3m | £6.5m | £4.6m | £3.8m | £2.8m | £4.2m | £5.5m | £4.4m | £5.5m |
| Cash and short-term investments | £1.5m | £1.1m | £1.3m | £978,000 | £1.1m | £1.0m | £1.2m | £2.6m | £1.6m | £2.5m |
| Total liabilities | £1.8m | £1.2m | £897,000 | £370,000 | £667,000 | £429,000 | £2.1m | £729,000 | £482,000 | £658,000 |
| Debt | £1.2m | £367,000 | £404,000 | £36,000 | £107,000 | £169,000 | £1.2m | −£20,000 | — | — |
| Shareholders' equity | £7.1m | £7.1m | £5.6m | £4.2m | £3.1m | £2.3m | £2.2m | £4.7m | £3.9m | £4.8m |
| Shares outstanding | 15m | 15m | 15m | 16m | 16m | 16m | 16m | 16m | 13m | 13m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £866,000 | £2.0m | £1.6m | £652,000 | £408,000 | −£257,000 | −£1.9m | −£427,000 | −£1.1m | −£877,000 |
| Capital spending | −£533,000 | −£839,000 | −£883,000 | −£257,000 | −£100,000 | −£53,000 | −£1.3m | −£424,000 | −£746,000 | −£345,000 |
| Free cash flow | £333,000 | £1.2m | £680,000 | £395,000 | £308,000 | −£310,000 | −£3.1m | −£851,000 | −£1.9m | −£1.2m |
| Dividends paid | — | — | — | −£71,000 | −£303,000 | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £2.4m | £2.3m | £3.1m | £2.5m | £2.4m | £1.8m | £1.9m | £1.6m |
| Gross profit | £1.7m | £1.8m | £2.8m | £2.2m | £1.9m | £1.6m | £1.5m | £1.3m |
| Operating income | −£95,000 | £9,000 | £861,000 | £547,000 | £665,000 | £616,000 | £738,000 | £231,000 |
| Net income | −£109,000 | £4,000 | £858,000 | £550,000 | £895,000 | £670,000 | £997,000 | £399,000 |
| Diluted earnings per share | -0.01 | 0.00 | 0.06 | 0.04 | 0.06 | 0.04 | 0.06 | 0.02 |
| Cash from operations | — | — | £1.0m | — | — | — | — | — |
| Total assets | £9.0m | £8.4m | £8.3m | £6.8m | £6.5m | £5.1m | £4.6m | £3.8m |
| Cash and short-term investments | £1.5m | £1.3m | £1.1m | £1.2m | £1.3m | £1.3m | £978,000 | £625,000 |
| Debt | £289,000 | £544,000 | £115,000 | £100,000 | £100,000 | — | £36,000 | £63,000 |
| Shareholders' equity | £7.1m | £7.2m | £7.1m | £6.2m | £5.6m | £4.8m | £4.2m | £3.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.4% | 21.1% | -1.0% |
| Operating income | — | -14.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 83.0% | 84.8% | 84.3% | 79.6% |
| Operating margin | 13.0% | 18.5% | 15.2% | -5.3% |
| Net margin | 12.8% | 23.8% | 23.8% | -3.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -58.4 | 9.6 | 10.8 | 7.4 | 10.3 | 54.5 | -2.2 | -9.6 | -2.2 | -2.7 |
| Price to sales | 1.3 | 2.4 | 4.0 | 2.9 | 3.4 | 4.8 | 9.2 | 13.6 | 2.0 | 3.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 50-to-1 reverse split · 24 Nov 2016
- 4-for-1 split · 4 Oct 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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