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295.00p
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 GBP, from our data supplier.
Revenue
£170.3m
FY2016FY2025
Net income
£3.8m
FY2016FY2025
Free cash flow
£13.3m
FY2016FY2025
Shareholders' equity
£33.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £170.3m | £137.9m | £19.7m | £34.7m | £45.7m | £17.8m | £14.8m | £12.9m | £10.8m | £10.1m |
| Gross profit | £95.8m | £75.5m | £15.4m | £19.4m | £28.3m | £10.5m | £8.3m | £7.4m | £6.9m | £6.1m |
| Research and development | — | — | — | £53,000 | £529,000 | £5,000 | £127,316 | £89,067 | £89,067 | — |
| Operating income | £12.0m | £7.6m | £5.8m | £5.1m | £14.1m | £4.2m | £4.7m | £1.6m | £1.5m | £1.1m |
| Net income | £3.8m | £5.1m | £4.7m | £4.3m | £11.5m | £3.5m | £3.8m | £1.3m | £1.4m | £933,894 |
| Diluted earnings per share | 0.04 | 0.05 | 0.06 | 0.05 | 0.12 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £121.3m | £52.3m | £8.2m | £12.2m | £13.3m | £6.8m | £3.8m | £3.8m | £4.0m | £3.3m |
| Cash and short-term investments | £63.0m | £20.1m | £6.5m | £10.8m | £11.8m | £5.2m | £2.5m | £2.3m | £2.1m | £1.2m |
| Total liabilities | £86.0m | £88.6m | £4.5m | £4.1m | £4.4m | £3.5m | £2.6m | £2.2m | £2.1m | £1.7m |
| Debt | £40.6m | £60.5m | — | — | — | — | — | — | — | — |
| Shareholders' equity | £33.1m | −£37.1m | £3.8m | £8.1m | £9.0m | £3.3m | £1.3m | £1.5m | £1.9m | £1.6m |
| Shares outstanding | 105m | 105m | 85m | 88m | 95m | 94m | 94m | 101m | 101m | 102m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £14.0m | −£2.9m | £2.8m | £4.2m | £12.6m | £4.2m | £4.2m | £1.8m | £2.1m | £1.5m |
| Capital spending | −£680,000 | −£519,000 | −£119,000 | −£18,000 | −£67,000 | −£17,000 | −£128,550 | −£14,137 | −£132,113 | −£195,654 |
| Free cash flow | £13.3m | −£3.4m | £2.7m | £4.2m | £12.5m | £4.2m | £4.1m | £1.8m | £2.0m | £1.3m |
| Dividends paid | — | — | −£502,000 | −£5.2m | −£5.9m | −£1.5m | −£605,914 | −£1.6m | −£1.1m | −£2.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Apr 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £109.7m | £54.8m | £93.5m | £76.9m | £38.4m | £24.8m | £13.3m | £6.3m |
| Gross profit | £59.2m | £29.6m | £50.2m | £45.5m | £22.8m | £17.7m | £11.1m | £3.4m |
| Operating income | £13.3m | £6.3m | £6.2m | £5.8m | £2.6m | £4.0m | £2.4m | £1.4m |
| Net income | £10.3m | £5.1m | £1.0m | £2.8m | £1.4m | £2.4m | £2.0m | £1.1m |
| Diluted earnings per share | 0.10 | 0.05 | 0.01 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 |
| Cash from operations | £11.0m | — | £12.0m | £1.0m | — | £1.0m | — | — |
| Capital spending | −£1.0m | — | — | — | — | — | — | — |
| Free cash flow | £10.0m | — | — | — | — | — | — | — |
| Total assets | £132.0m | £132.0m | £121.3m | £68.1m | £52.3m | £52.3m | — | £8.2m |
| Cash and short-term investments | £62.7m | £62.7m | £63.0m | £16.9m | £20.1m | £20.1m | — | £6.9m |
| Debt | £5.3m | £5.3m | £33.7m | £36.1m | £57.1m | £57.1m | — | — |
| Shareholders' equity | £36.9m | £36.9m | £33.1m | −£8.1m | −£37.1m | −£37.1m | — | £6.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 70.0% | 57.1% | 34.2% |
| Operating income | 32.7% | 23.4% | 28.8% |
| Net income | -3.7% | 1.6% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 55.6% | 56.8% | 57.5% | 57.7% |
| Operating margin | 6.4% | 8.4% | 11.5% | 12.1% |
| Net margin | 2.9% | 4.9% | 7.7% | 8.5% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 54.7 |
| Price to sales | 1.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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