Z 
31.00p
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
£41.5m
FY2016FY2025
Net income
−£2.6m
FY2016FY2025
Free cash flow
−£1.4m
FY2016FY2025
Shareholders' equity
£1.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £41.5m | £32.3m | £40.2m | £30.1m | £17.5m | £21.5m | £24.6m | £21.7m | £19.8m | £22.6m |
| Gross profit | £15.2m | £14.4m | £15.9m | £10.2m | £6.7m | £6.1m | £6.9m | £6.6m | £6.3m | £6.4m |
| Operating income | −£2.2m | −£878,000 | −£1.2m | −£2.9m | −£2.4m | −£2.9m | −£2.5m | −£1.6m | −£73,000 | −£3.8m |
| Net income | −£2.6m | −£3.5m | −£2.0m | −£2.3m | −£2.5m | −£3.1m | −£2.7m | −£1.9m | −£72,000 | −£6.4m |
| Diluted earnings per share | -0.10 | -0.14 | -0.09 | -0.10 | -0.16 | -0.20 | -0.98 | -0.67 | -0.03 | -5.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £19.9m | £23.3m | £24.3m | £24.1m | £15.6m | — | £16.1m | £16.6m | £12.6m | £15.2m |
| Cash and short-term investments | £3.5m | £6.3m | £4.9m | £3.6m | £5.6m | — | £3.2m | £3.5m | £3.0m | £3.5m |
| Total liabilities | £18.8m | £19.8m | £18.5m | £17.1m | £11.8m | — | £13.4m | £11.2m | £9.6m | £13.6m |
| Debt | £4.0m | £4.3m | £3.9m | £4.5m | £4.6m | — | £3.8m | £3.6m | £3.4m | £2.8m |
| Shareholders' equity | £1.2m | £3.5m | £5.8m | £6.9m | £3.7m | — | £2.7m | £5.4m | £3.0m | £1.7m |
| Shares outstanding | 25m | 24m | 23m | 22m | 16m | 16m | 3m | 3m | 2m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£885,000 | £785,000 | £3.1m | −£4.7m | −£245,000 | −£1.1m | £440,000 | −£2.4m | −£1.2m | −£3.4m |
| Capital spending | −£538,000 | −£206,000 | −£517,000 | −£881,000 | −£273,000 | −£906,000 | −£192,000 | −£187,000 | −£69,000 | −£89,000 |
| Free cash flow | −£1.4m | £579,000 | £2.6m | −£5.6m | −£518,000 | −£2.0m | £248,000 | −£2.5m | −£1.3m | −£3.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £13.2m | £18.6m | £22.9m | £18.2m | £14.1m | £22.2m | £18.1m | £19.3m |
| Gross profit | £5.1m | £7.5m | £7.7m | £9.3m | £5.1m | £7.5m | £6.4m | £5.8m |
| Operating income | −£2.5m | £232,000 | −£115,000 | £856,000 | −£1.7m | −£50,000 | −£974,000 | −£213,000 |
| Net income | −£3.3m | −£2.0m | −£538,000 | −£907,000 | −£2.6m | −£367,000 | −£1.6m | −£596,000 |
| Diluted earnings per share | -0.12 | -0.08 | -0.02 | -0.04 | -0.11 | -0.02 | -0.07 | -0.03 |
| Cash from operations | −£1.0m | — | — | £1.0m | — | — | £3.0m | −£2.0m |
| Total assets | £20.9m | £19.9m | £22.9m | £23.3m | £21.7m | £24.3m | £26.7m | £24.1m |
| Cash and short-term investments | £2.8m | £3.5m | £4.2m | £6.3m | £4.1m | £4.9m | £5.8m | £3.6m |
| Debt | £1.2m | £3.6m | £3.7m | £3.7m | £3.6m | £3.8m | £3.9m | £4.2m |
| Shareholders' equity | −£91,000 | £1.2m | £3.3m | £3.5m | £3.2m | £5.8m | £5.4m | £6.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.3% | 14.1% | 7.3% |
| Operating income | -8.8% | -5.5% | 10.3% |
| Net income | 3.9% | -4.0% | 6.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.1% | 38.7% | 37.5% | 34.8% |
| Operating margin | -4.2% | -4.9% | -6.8% | -7.2% |
| Net margin | -8.2% | -7.2% | -8.7% | -9.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.7 | -3.6 | -10.0 | -8.4 | -4.7 | -2.7 | -1.2 | -2.8 | -128.5 | -1.4 |
| Price to sales | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0.4 | 0.1 | 0.2 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Sept 1993.
| FY1994 | FY1992 | FY1991 | FY1990 | |
|---|---|---|---|---|
| Paid in the year | 125.00 | 2,666.667 | 5,800.00 | 1,800.00 |
- 500-to-1 reverse split · 13 Feb 2020
- 10-to-1 reverse split · 13 Jul 2015
- 20-to-1 reverse split · 30 Jul 2001
- 1-to-1 reverse split · 4 Dec 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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