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68.50p
+2.24%
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
£35.2m
FY2016FY2025
Net income
£6.1m
FY2016FY2025
Free cash flow
−£309,000
FY2016FY2025
Shareholders' equity
£81.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £35.2m | £26.6m | £51.4m | £44.0m | £32.8m | £30.1m | £20.2m | £18.8m | £16.1m | £14.3m |
| Research and development | — | £176,000 | £303,000 | £791,000 | £724,000 | £871,000 | £194,000 | £237,000 | £387,000 | £426,000 |
| Operating income | £1.0m | £1.5m | £3.3m | £2.2m | £1.4m | £3.6m | £1.3m | £1.1m | £581,000 | −£465,000 |
| Net income | £6.1m | −£314,000 | £921,000 | £520,000 | £2.4m | £2.4m | £904,000 | £236,000 | −£367,000 | −£1.4m |
| Diluted earnings per share | 0.04 | -0.00 | 0.01 | 0.00 | 0.02 | 0.03 | 0.01 | 0.00 | -0.01 | -0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £99.2m | £124.5m | £119.5m | £125.3m | £103.6m | £92.7m | £47.0m | £45.6m | £31.3m | £27.3m |
| Cash and short-term investments | £34.2m | £3.1m | £5.6m | £5.6m | £5.2m | £42.1m | £5.2m | £9.6m | £1.4m | £2.0m |
| Total liabilities | £17.8m | £49.1m | £43.2m | £49.6m | £30.5m | £20.6m | £14.2m | £13.6m | £17.1m | £13.0m |
| Debt | £667,000 | £23.9m | £24.4m | £26.8m | £12.7m | £11.2m | £7.0m | £7.1m | £11.4m | £7.1m |
| Shareholders' equity | £81.4m | £75.4m | £76.3m | £75.7m | £73.2m | £72.1m | £32.8m | £32.1m | £14.2m | £14.4m |
| Shares outstanding | 137m | 127m | 141m | 131m | 132m | 93m | 88m | 88m | 37m | 37m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£264,000 | £8.4m | £8.2m | £5.6m | £601,000 | £2.7m | £2.4m | £238,000 | −£84,000 | −£457,000 |
| Capital spending | −£45,000 | −£10,000 | −£2.4m | −£4.2m | −£3.3m | −£2.1m | −£1.1m | −£1.0m | −£853,000 | −£540,000 |
| Free cash flow | −£309,000 | £8.3m | £5.8m | £1.4m | −£2.7m | £637,000 | £1.3m | −£777,000 | −£937,000 | −£997,000 |
| Dividends paid | — | — | — | — | — | — | — | −£14,000 | −£15,000 | −£14,000 |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £19.8m | £15.4m | £3.1m | £23.5m | £28.0m | £23.5m | £25.1m | £18.9m |
| Operating income | £1.5m | −£416,000 | £1.8m | −£256,000 | £2.9m | £904,000 | £2.4m | £736,000 |
| Net income | £7.6m | −£1.5m | £1.4m | −£1.7m | £2.4m | −£1.5m | £752,000 | −£232,000 |
| Diluted earnings per share | 0.06 | -0.01 | 0.01 | -0.01 | 0.02 | -0.01 | 0.01 | -0.00 |
| Cash from operations | — | — | — | £4.0m | £4.0m | £2.0m | £3.0m | £1.0m |
| Capital spending | — | — | — | — | — | — | −£3.0m | — |
| Free cash flow | — | — | — | — | — | — | £0 | — |
| Total assets | £99.2m | £124.9m | £124.5m | £114.2m | £119.5m | £116.7m | £125.3m | £106.0m |
| Cash and short-term investments | £34.2m | £2.0m | £3.1m | £5.6m | £5.6m | £3.7m | £5.6m | £5.4m |
| Debt | £346,000 | £23.0m | £23.4m | £17.3m | £20.3m | £19.8m | £23.2m | £9.3m |
| Shareholders' equity | £81.4m | £75.2m | £75.4m | £74.3m | £76.3m | £73.9m | £75.7m | £74.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.2% | 3.2% | 14.5% |
| Operating income | -22.3% | -21.7% | — |
| Net income | 127.5% | 20.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.1% | 5.1% | 5.9% | 4.6% |
| Net margin | 9.4% | 4.6% | 5.5% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | -158.5 | 51.3 | 92.1 | 16.6 | 36.4 | 32.5 | 164.3 | -43.2 | -13.9 |
| Price to sales | 2.6 | 1.9 | 0.9 | 1.1 | 1.2 | 2.9 | 1.4 | 2.1 | 1.0 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 May 2018.
| FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|
| Paid in the year | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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