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At a glance
Figures in GBP, from our data supplier.
Revenue
£1.1m
FY2015FY2024
Net income
−£37.2m
FY2015FY2024
Free cash flow
−£2.7m
FY2015FY2024
Shareholders' equity
£405,000
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.1m | £1.5m | £1.8m | £1.6m | £908,000 | £213,000 | £225,000 | £207,000 | £151,000 | £240,000 |
| Operating income | −£2.9m | −£3.5m | −£5.3m | −£3.8m | −£3.6m | −£4.7m | −£3.8m | −£2.4m | −£2.9m | −£1.6m |
| Net income | −£37.2m | −£3.8m | −£4.9m | −£4.9m | −£38.3m | −£5.7m | −£16.7m | −£2.3m | −£2.0m | −£1.7m |
| Diluted earnings per share | -0.01 | -0.00 | -0.00 | -0.00 | -0.04 | -0.01 | -0.04 | -0.01 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £3.8m | £39.6m | £41.3m | £43.0m | £40.2m | £54.7m | £44.7m | £27.3m | £18.5m | £11.6m |
| Cash and short-term investments | £1.0m | £1.9m | £4.6m | £4.7m | £1.6m | £6.9m | £12.4m | £1.7m | £2.4m | £4.6m |
| Total liabilities | £3.4m | £6.9m | £5.4m | £5.5m | £6.1m | £13.9m | £7.9m | £4.1m | £950,000 | £799,000 |
| Debt | £3.3m | £4.8m | £3.1m | £3.1m | £3.1m | £7.5m | £3.5m | — | — | £111,000 |
| Shareholders' equity | £405,000 | £34.0m | £36.9m | £37.8m | £33.9m | £40.7m | £36.1m | £23.2m | £17.6m | £10.8m |
| Shares outstanding | 4,344m | 2,224m | 1,681m | 1,496m | 866m | 641m | 432m | 300m | 2,449m | 1,771m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£1.8m | −£2.9m | −£2.0m | −£1.4m | −£2.8m | −£5.7m | −£7.4m | £389,000 | −£1.9m | −£1.1m |
| Capital spending | −£903,000 | −£1.7m | −£2.2m | −£2.7m | −£7.7m | −£3.3m | −£5.4m | −£8.7m | −£724,000 | −£1.1m |
| Free cash flow | −£2.7m | −£4.6m | −£4.2m | −£4.1m | −£10.5m | −£9.0m | −£12.8m | −£8.3m | −£2.6m | −£2.1m |
Latest quarters
By quarter end
| Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | Mar 2022 | Sept 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £314,000 | £483,000 | £627,000 | £648,000 | £890,000 | £869,000 | £911,000 | £841,000 |
| Operating income | −£912,000 | −£2.0m | −£1.1m | −£1.7m | −£1.3m | −£1.2m | −£1.2m | −£1.3m |
| Net income | −£685,000 | −£35.9m | −£1.2m | −£2.3m | −£1.5m | −£3.5m | −£1.3m | −£3.5m |
| Diluted earnings per share | — | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | — | — | — | −£1.0m | −£1.0m | — | −£1.0m | — |
| Capital spending | — | — | — | — | — | −£1.0m | −£1.0m | −£1.0m |
| Free cash flow | — | — | — | — | — | — | −£2.0m | — |
| Total assets | £3.9m | £3.8m | £39.2m | £39.6m | £39.6m | £41.3m | £41.5m | £43.0m |
| Cash and short-term investments | £373,000 | £1.0m | £952,000 | £1.9m | £2.3m | £4.6m | £2.3m | £4.7m |
| Debt | £3.3m | £3.3m | £3.8m | £4.8m | £3.2m | £3.1m | £3.1m | £3.1m |
| Shareholders' equity | £1.1m | £405,000 | £33.5m | £34.0m | −£77.3m | £36.9m | £36.4m | £37.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | 39.1% | 66.0% |
| Operating income | -8.2% | -9.1% | 12.7% |
| Net income | 96.7% | 45.6% | 45.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -242.4% | -259.0% | -335.1% | -445.5% |
| Net margin | -1546.3% | -846.4% | -1331.5% | -1489.4% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -1.6 | -1.3 | -2.0 | -0.2 | -5.8 | -2.3 | -15.5 | -75.3 | -56.2 |
| Price to sales | 0.8 | 4.0 | 3.5 | 6.2 | 9.1 | 155.4 | 171.5 | 170.0 | — | 397.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-to-1 reverse split · 6 Mar 2024
- 1-to-1 reverse split · 1 Apr 2014
- 10-to-1 reverse split · 26 Nov 2013
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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