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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
£20.7m
FY2016FY2025
Net income
−£1.1m
FY2016FY2025
Free cash flow
£316,000
FY2016FY2025
Shareholders' equity
£5.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £20.7m | £23.0m | £16.4m | £12.0m | £9.8m | £13.6m | £24.3m | £24.5m | £21.4m | £14.6m |
| Gross profit | £6.1m | £6.0m | £3.1m | £2.7m | £2.5m | £2.3m | £5.3m | £4.5m | £3.9m | £3.5m |
| Operating income | −£866,000 | −£931,000 | −£2.8m | −£1.3m | −£1.4m | −£2.8m | £98,000 | −£1.1m | −£460,000 | −£269,000 |
| Net income | −£1.1m | −£845,000 | −£3.1m | −£1.3m | −£1.2m | −£3.1m | −£636,000 | −£994,000 | −£700,000 | −£274,000 |
| Diluted earnings per share | -0.02 | -0.02 | -0.08 | -0.04 | -0.03 | -0.09 | -0.02 | -0.03 | -0.02 | -0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £10.3m | £12.8m | £14.7m | £9.8m | £9.7m | £10.7m | £12.2m | £14.8m | £16.2m | £6.1m |
| Cash and short-term investments | £392,000 | £1.7m | £3.2m | £2.3m | £3.5m | £3.3m | £3.4m | £4.7m | £5.4m | £39,000 |
| Total liabilities | £5.2m | £6.9m | £8.1m | £6.4m | £5.1m | £5.0m | £3.5m | £5.5m | £6.1m | £5.5m |
| Debt | £3.6m | £2.8m | £3.5m | £4.2m | £4.1m | £3.5m | £290,000 | £903,000 | £1.5m | £198,000 |
| Shareholders' equity | £5.1m | £5.9m | £6.6m | £3.4m | £4.6m | £5.7m | £8.7m | £9.3m | £10.1m | £603,000 |
| Shares outstanding | 54m | 54m | 40m | 36m | 36m | 36m | 36m | 36m | 36m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £650,000 | £370,000 | −£1.8m | £280,000 | £325,000 | −£838,000 | −£260,000 | £506,000 | −£2.4m | £237,000 |
| Capital spending | −£334,000 | −£584,000 | −£2.1m | −£398,000 | −£64,000 | −£1.0m | −£245,000 | −£372,000 | −£668,000 | −£120,000 |
| Free cash flow | £316,000 | −£214,000 | −£4.0m | −£118,000 | £261,000 | −£1.9m | −£505,000 | £134,000 | −£3.1m | £117,000 |
| Dividends paid | — | — | — | — | — | — | — | — | — | −£39,000 |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.4m | £10.3m | £10.4m | £12.3m | £10.7m | £9.4m | £7.0m | £6.1m |
| Gross profit | £2.4m | £3.1m | £3.0m | £3.5m | £2.4m | £1.6m | £1.5m | £1.4m |
| Operating income | −£803,000 | −£469,000 | −£397,000 | −£106,000 | −£911,000 | −£1.4m | −£1.3m | −£691,000 |
| Net income | −£1.0m | −£510,000 | −£574,000 | −£165,000 | −£680,000 | −£1.7m | −£1.4m | −£627,000 |
| Diluted earnings per share | -0.02 | -0.01 | -0.01 | -0.00 | -0.01 | -0.04 | -0.04 | -0.02 |
| Cash from operations | £1.0m | — | — | — | — | −£2.0m | — | £1.0m |
| Capital spending | — | — | — | — | — | −£1.0m | −£1.0m | — |
| Free cash flow | — | — | — | — | — | −£3.0m | — | — |
| Total assets | £9.4m | £10.3m | £11.3m | £12.8m | £12.5m | £14.7m | £10.4m | £9.8m |
| Cash and short-term investments | £656,000 | £392,000 | £1.2m | £1.7m | £1.8m | £3.2m | £1.2m | £2.3m |
| Debt | £837,000 | £1.9m | £2.1m | £1.5m | £2.2m | £2.0m | £2.2m | £2.4m |
| Shareholders' equity | £4.2m | £5.1m | £5.3m | £5.9m | £6.0m | £6.6m | £2.0m | £3.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.1% | 8.8% | 3.6% |
| Operating income | -13.0% | -21.0% | — |
| Net income | -6.8% | -19.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.6% | 24.8% | 23.9% | 22.3% |
| Operating margin | -4.1% | -8.2% | -10.6% | -5.4% |
| Net margin | -4.4% | -8.9% | -11.3% | -6.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -8.2 | -17.1 | -4.7 | -11.3 | -7.8 | -2.4 | -20.1 | -8.6 | -54.2 |
| Price to sales | 0.4 | 0.6 | 0.9 | 1.3 | 1.0 | 0.6 | 0.5 | 0.3 | 1.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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