T 
72.50p
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
£6.8m
FY2016FY2025
Net income
−£1.1m
FY2016FY2025
Free cash flow
£702,000
FY2016FY2025
Shareholders' equity
£1.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £6.8m | £6.9m | £7.2m | £6.7m | £6.1m | £5.9m | £6.7m | £6.2m | £7.9m | £7.6m |
| Research and development | — | £828,000 | £390,000 | £464,000 | £475,000 | £331,000 | £498,000 | £1.3m | £1.0m | £857,000 |
| Operating income | −£4,000 | £322,000 | £599,000 | £437,000 | £227,000 | £39,000 | −£648,000 | −£725,000 | £111,000 | £223,000 |
| Net income | −£1.1m | £366,000 | £639,000 | £558,000 | £341,000 | £87,000 | −£501,000 | −£325,000 | −£3.6m | £475,000 |
| Diluted earnings per share | -0.13 | 0.04 | 0.08 | 0.07 | 0.04 | 0.01 | -0.06 | -0.04 | -0.57 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £5.6m | £7.3m | £6.8m | £7.9m | £7.8m | £7.0m | £8.0m | £7.5m | £7.6m | £10.8m |
| Cash and short-term investments | £2.5m | £2.9m | £3.0m | £4.5m | £3.9m | £3.2m | £3.1m | £2.1m | £2.2m | £2.2m |
| Total liabilities | £3.7m | £3.9m | £3.6m | £5.0m | £5.5m | £5.0m | £6.1m | £5.1m | £5.4m | £5.1m |
| Debt | £721,000 | £165,000 | £211,000 | £1.3m | £1.9m | £1.9m | £2.9m | £1.8m | £2.5m | £2.5m |
| Shareholders' equity | £1.9m | £3.4m | £3.3m | £2.9m | £2.3m | £2.0m | £1.9m | £2.4m | £2.2m | £5.8m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £792,000 | £1.1m | £662,000 | £1.9m | £1.3m | £1.6m | £1.4m | £394,000 | £631,000 | £167,000 |
| Capital spending | −£90,000 | −£89,000 | −£600,000 | −£625,000 | −£510,000 | −£459,000 | −£700,000 | −£61,000 | −£91,000 | −£154,000 |
| Free cash flow | £702,000 | £1.0m | £62,000 | £1.3m | £791,000 | £1.1m | £731,000 | £333,000 | £540,000 | £13,000 |
| Dividends paid | −£264,000 | −£246,000 | −£82,000 | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £3.4m | £3.5m | £3.4m | £3.5m | £3.4m | £3.5m | £3.7m | £3.6m |
| Operating income | −£133,000 | £151,000 | −£155,000 | £105,000 | £217,000 | £326,000 | £273,000 | £324,000 |
| Net income | −£107,000 | −£982,000 | −£99,000 | £135,000 | £231,000 | £368,000 | £271,000 | £394,000 |
| Diluted earnings per share | -0.01 | -0.12 | -0.01 | 0.02 | 0.03 | 0.04 | 0.03 | 0.05 |
| Cash from operations | — | £1.0m | — | £1.0m | — | — | — | £2.0m |
| Total assets | £4.7m | £5.6m | £6.8m | £7.3m | £6.7m | £6.8m | £6.4m | £7.9m |
| Cash and short-term investments | £2.0m | £2.5m | £2.0m | £2.9m | £1.7m | £3.0m | £2.8m | £4.5m |
| Debt | £132,000 | £313,000 | £157,000 | £91,000 | £125,000 | £149,000 | £185,000 | £1.1m |
| Shareholders' equity | £1.8m | £1.9m | £3.3m | £3.4m | £3.6m | £3.3m | £3.2m | £2.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.4% | 3.0% | -2.4% |
| Net income | — | — | -16.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.3% | 4.9% | 4.1% | 0.9% |
| Net margin | -5.2% | 1.7% | 2.3% | -12.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.7 | 22.0 | 12.1 | 12.9 | 18.6 | 46.3 | -6.3 | -10.6 | -1.2 | 14.0 |
| Price to sales | 0.8 | 1.2 | 1.1 | 1.1 | 1.0 | 0.7 | 0.5 | 0.6 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 23 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2014 | FY2013 | FY2012 | FY2008 | FY2007 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.033 | 0.03 | 0.01 | 0.017 | 0.017 | 0.017 | 0.066 | 0.086 |
- 20-for-19 split · 2 Jun 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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