W 
292.50p
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 USD, from our data supplier.
Revenue
$92.3m
FY2016FY2025
Net income
$5.0m
FY2016FY2025
Free cash flow
$10.3m
FY2016FY2025
Shareholders' equity
$68.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.3m | $83.3m | $76.0m | $71.3m | $54.5m | $37.9m | $32.4m | $25.5m | $17.6m | $12.2m |
| Gross profit | $81.8m | $73.5m | $65.6m | $61.7m | $45.6m | $29.1m | $24.9m | $19.8m | $14.3m | $10.5m |
| Research and development | — | — | — | — | — | — | $103,152 | $184,285 | $10,752 | $14,989 |
| Operating income | $9.1m | $7.7m | $7.2m | $6.8m | $6.6m | $4.6m | $2.7m | $2.0m | $1.3m | $932,293 |
| Net income | $5.0m | $4.7m | $4.4m | $3.6m | $5.8m | $2.9m | $1.7m | $1.3m | $913,250 | $478,373 |
| Diluted earnings per share | 0.29 | 0.26 | 0.25 | 0.19 | 0.32 | 0.19 | 0.11 | 0.09 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $119.7m | $114.7m | $96.6m | $96.6m | $83.4m | $44.4m | $28.1m | $20.7m | $10.5m | $9.5m |
| Cash and short-term investments | $6.0m | $12.1m | $15.8m | $23.0m | $23.8m | $6.8m | $5.3m | $5.0m | $774,767 | $1.1m |
| Total liabilities | $50.9m | $49.2m | $36.3m | $41.4m | $31.0m | $21.1m | $10.5m | $7.6m | $4.5m | $4.3m |
| Debt | $33.3m | $30.1m | $19.3m | $20.9m | $11.5m | $10.6m | $3.5m | $2.4m | $2.0m | $1.8m |
| Shareholders' equity | $68.3m | $65.0m | $59.7m | $54.6m | $51.8m | $23.0m | $17.5m | $13.0m | $5.9m | $5.2m |
| Shares outstanding | 17m | 18m | 18m | 19m | 18m | 16m | 15m | 15m | 12m | 11m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $12.2m | $12.5m | $11.4m | $8.9m | $6.1m | $6.5m | $5.7m | $1.1m | $622,050 | $533,099 |
| Capital spending | −$1.9m | −$5.9m | −$4.6m | −$1.2m | −$517,707 | −$717,519 | −$3.3m | −$789,591 | −$444,976 | −$347,660 |
| Free cash flow | $10.3m | $6.6m | $6.8m | $7.7m | $5.6m | $5.8m | $2.4m | $332,994 | $177,074 | $185,439 |
| Dividends paid | — | — | — | −$11.7m | −$17.4m | −$498,351 | −$730,883 | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.3m | $45.6m | $47.7m | $41.8m | $41.5m | $37.3m | $38.7m | $35.8m |
| Gross profit | $42.1m | $40.1m | $42.6m | $37.0m | $36.5m | $32.3m | $33.3m | $30.7m |
| Operating income | $4.3m | $3.7m | $5.5m | $2.4m | $5.3m | $2.4m | $4.8m | $2.6m |
| Net income | $2.3m | $1.9m | $3.2m | $1.4m | $3.3m | $1.5m | $2.9m | $1.2m |
| Diluted earnings per share | 0.14 | 0.11 | 0.18 | 0.08 | 0.19 | 0.09 | 0.16 | 0.06 |
| Cash from operations | $2.0m | $5.0m | $6.0m | $6.0m | $6.0m | $6.0m | $4.0m | $6.0m |
| Capital spending | — | −$1.0m | — | −$1.0m | — | — | −$1.0m | — |
| Free cash flow | — | $4.0m | — | $5.0m | — | — | $3.0m | — |
| Total assets | $124.9m | $119.7m | $121.2m | $114.7m | $98.9m | $96.6m | $97.4m | $96.6m |
| Cash and short-term investments | $4.4m | $6.0m | $8.4m | $12.1m | $11.1m | $15.8m | $18.7m | $23.0m |
| Debt | $5.5m | $28.0m | $4.0m | $27.6m | $7.1m | $17.3m | $6.6m | $18.3m |
| Shareholders' equity | $70.9m | $68.3m | $67.8m | $65.0m | $63.1m | $59.7m | $57.8m | $54.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 19.5% | 26.4% |
| Operating income | 9.8% | 14.7% | 23.6% |
| Net income | 12.3% | 11.8% | 24.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 88.4% | 87.5% | 86.0% | 84.9% |
| Operating margin | 9.5% | 9.5% | 10.1% | 9.7% |
| Net margin | 5.5% | 5.5% | 6.3% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.2 | 21.1 | 21.9 | 46.3 | 46.1 | 36.2 | 32.9 | 36.6 | 29.7 | 29.2 |
| Price to sales | 0.7 | 1.2 | 1.3 | 2.3 | 4.9 | 2.8 | 1.7 | 1.9 | 1.5 | 1.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 1200-to-1 reverse split · 30 Jul 2010
- 10-to-1 reverse split · 26 Jun 2009
- 10-for-1 split · 11 Jun 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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