V 
3.25p
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 USD, from our data supplier.
Revenue
$484,000
FY2016FY2025
Net income
−$6.6m
FY2016FY2025
Free cash flow
−$3.3m
FY2016FY2025
Shareholders' equity
−$9.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $484,000 | $2.0m | $3.7m | $3.8m | $896,000 | — | $3.2m | $3.3m | $23.8m | $7.2m |
| Operating income | −$5.5m | −$12.0m | −$8.1m | −$13.0m | −$4.2m | −$7.2m | −$5.9m | −$4.5m | −$1.7m | −$8.0m |
| Net income | −$6.6m | −$14.7m | −$10.5m | −$15.5m | −$7.8m | −$9.1m | −$7.8m | −$17.3m | −$4.4m | −$16.1m |
| Diluted earnings per share | -0.05 | -0.24 | -0.48 | -1.76 | -0.03 | -0.07 | -12.93 | -49.09 | -0.57 | -3.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $23.4m | $21.9m | $23.6m | $21.3m | $23.7m | $17.1m | $14.8m | $56.9m | $49.1m | $40.8m |
| Cash and short-term investments | $20,000 | $25,000 | $530,000 | $103,000 | $1.4m | $1.4m | $570,341 | $1.3m | $1.3m | $839,000 |
| Total liabilities | $33.2m | $27.4m | $21.0m | $19.2m | $14.6m | $12.6m | $9.5m | $37.8m | $15.6m | $12.9m |
| Debt | $12.0m | $10.4m | $9.2m | $20.4m | $9.6m | $8.7m | $5.5m | $27.0m | $7.1m | $5.2m |
| Shareholders' equity | −$9.8m | −$5.5m | $2.5m | $2.1m | $9.1m | $4.8m | $5.4m | −$4.0m | $21.1m | $16.5m |
| Shares outstanding | 145m | 60m | 22m | 9m | 251m | 135m | 1m | 0m | 8m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$1.9m | −$4.0m | −$6.4m | −$3.6m | −$6.0m | −$5.2m | $5.4m | −$614,000 | $2.8m | −$1.7m |
| Capital spending | −$1.4m | −$497,000 | −$1.9m | −$1.5m | −$4.4m | −$2.8m | −$11.4m | −$9.8m | −$8.4m | −$8.7m |
| Free cash flow | −$3.3m | −$4.5m | −$8.3m | −$5.0m | −$10.3m | −$8.0m | −$6.0m | −$10.4m | −$5.6m | −$10.5m |
Latest quarters
By quarter end
| Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Jan 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $285,188 | $212,172 | $234,249 | $1.8m | $1.8m | $893,000 | $1.9m |
| Operating income | −$3.4m | −$2.4m | −$3.1m | −$7.0m | −$5.0m | −$5.5m | −$3.4m | −$2.6m |
| Net income | −$4.3m | −$3.4m | −$3.4m | −$8.4m | −$6.1m | −$3.8m | −$1.9m | −$6.6m |
| Diluted earnings per share | -0.03 | -0.02 | -0.06 | -0.14 | -0.28 | -0.18 | -0.00 | -0.75 |
| Cash from operations | −$3.0m | — | −$1.0m | −$1.0m | −$2.0m | −$2.0m | — | −$3.0m |
| Capital spending | — | — | — | — | — | — | — | −$1.0m |
| Free cash flow | — | — | — | — | — | — | — | −$4.0m |
| Total assets | $25.3m | $23.4m | $22.9m | $21.9m | $24.3m | $23.6m | $23.6m | $22.4m |
| Cash and short-term investments | $1.3m | $20,000 | $235,000 | $25,000 | $964,000 | $530,000 | $530,000 | $604,000 |
| Debt | $11.8m | $12.0m | $11.1m | $10.4m | $9.8m | $9.2m | $228,000 | $8.9m |
| Shareholders' equity | −$7.0m | −$9.8m | −$6.7m | −$5.5m | $1.8m | $2.5m | $2.5m | $4.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -49.6% | — | — |
| Operating income | -24.8% | -5.3% | -0.8% |
| Net income | -24.9% | -6.3% | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -698.4% | -386.3% | — | — |
| Net margin | -845.6% | -471.7% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -0.9 | -0.1 | -0.5 | -0.2 | -68.7 | -241.6 |
| Price to sales | 12.1 | 0.9 | 1.3 | 0.7 | — | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 6-to-1 reverse split · 1 Mar 2024
- 100-to-1 reverse split · 6 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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