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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
£242,000
FY2016FY2025
Net income
−£3.4m
FY2016FY2025
Free cash flow
−£2.6m
FY2016FY2025
Shareholders' equity
£5.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £242,000 | £161,000 | £297,000 | £164,000 | £474,000 | £385,000 | £1.8m | £3.5m | £2.2m | £1.7m |
| Research and development | £63,000 | £288,000 | £84,000 | £259,000 | £316,000 | £144,000 | £440,000 | £1.6m | £1.9m | £2.2m |
| Operating income | −£3.6m | −£4.7m | −£4.7m | −£7.4m | −£6.8m | −£7.6m | −£18.6m | −£30.5m | −£31.3m | −£18.8m |
| Net income | −£3.4m | −£4.5m | −£4.3m | −£6.9m | −£6.4m | −£6.9m | −£17.6m | −£29.4m | −£30.6m | −£14.3m |
| Diluted earnings per share | -1.25 | -0.01 | -0.03 | -0.05 | -0.26 | -0.35 | -5.26 | -0.09 | -0.27 | -0.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £6.7m | £4.3m | £3.0m | £7.8m | £8.4m | £6.1m | £7.6m | £23.9m | £40.4m | £41.7m |
| Cash and short-term investments | £5.5m | £2.8m | £1.6m | £6.5m | £7.8m | £5.2m | £5.6m | £16.0m | £25.1m | £28.9m |
| Total liabilities | £1.4m | £1.2m | £1.4m | £2.0m | £1.4m | £1.5m | £2.5m | £3.9m | £4.6m | £3.0m |
| Debt | £507,000 | £646,000 | £810,000 | £681,000 | £19,000 | £19,000 | £287,000 | — | — | — |
| Shareholders' equity | £5.3m | £3.1m | £1.6m | £5.9m | £7.1m | £4.5m | £5.1m | £20.0m | £35.8m | £38.7m |
| Shares outstanding | 3m | 521m | 151m | 151m | 25m | 20m | 3m | 316m | 113m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.6m | −£4.5m | −£4.7m | −£7.0m | −£5.8m | −£6.4m | −£15.5m | −£22.1m | −£27.1m | −£25.9m |
| Capital spending | −£41,000 | −£68,000 | −£79,000 | −£63,000 | −£56,000 | −£13,000 | −£147,000 | −£1.4m | −£271,000 | −£811,000 |
| Free cash flow | −£2.6m | −£4.6m | −£4.8m | −£7.0m | −£5.9m | −£6.4m | −£15.7m | −£23.5m | −£27.4m | −£26.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £109,000 | £177,000 | £65,000 | £82,000 | £79,000 | £184,000 | £113,000 | £124,000 |
| Operating income | −£1.7m | −£1.9m | −£1.8m | −£2.2m | −£2.5m | −£2.0m | −£2.7m | −£3.3m |
| Net income | −£1.6m | −£1.7m | −£1.7m | −£1.9m | −£2.5m | −£1.5m | −£2.7m | −£2.8m |
| Diluted earnings per share | -0.00 | -0.62 | -0.63 | -0.00 | -0.00 | -0.01 | -0.02 | -0.02 |
| Cash from operations | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£2.0m | −£1.0m | −£2.0m | −£3.0m |
| Total assets | £4.6m | £6.7m | £2.6m | £4.3m | £6.3m | £3.0m | £4.9m | £7.8m |
| Cash and short-term investments | £3.5m | £5.5m | £1.2m | £2.8m | £4.7m | £1.6m | £3.5m | £6.5m |
| Debt | £71,000 | — | £91,000 | £88,000 | — | £83,000 | — | £57,000 |
| Shareholders' equity | £3.7m | £5.3m | £1.5m | £3.1m | £4.9m | £1.6m | £3.1m | £5.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.8% | -8.9% | -6.3% |
| Operating income | -21.3% | -13.9% | -10.4% |
| Net income | -21.0% | -13.2% | -10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -2059.6% | -2367.4% | -2024.4% | -1268.2% |
| Net margin | -1960.3% | -2209.3% | -1883.9% | -1177.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.0 | -0.4 | -1.0 | -0.9 | -0.7 | -1.0 | -0.0 | -9.2 | -31.1 | -22.0 |
| Price to sales | 0.2 | 12.1 | 14.7 | 37.3 | 9.5 | 17.4 | 0.4 | 76.1 | 435.4 | 186.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 26 Nov 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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