Z 
14.25p
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
$41.7m
FY2017FY2026
Net income
−$3.6m
FY2017FY2026
Free cash flow
$2.9m
FY2017FY2026
Shareholders' equity
$15.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.7m | $49.6m | $54.4m | $90.3m | $70.4m | $39.5m | $29.8m | $28.8m | $28.6m | $16.5m |
| Research and development | $406,388 | — | $3.5m | $602,000 | $278,000 | $320,000 | $566,000 | $527,000 | $301,000 | $315,000 |
| Operating income | −$1.4m | −$6.5m | −$25.6m | $8.1m | $3.1m | $603,000 | −$359,000 | −$1.3m | $639,000 | $502,000 |
| Net income | −$3.6m | −$8.0m | −$29.4m | $8.2m | $2.6m | −$3.2m | $316,000 | $1.6m | −$4.8m | $791,000 |
| Diluted earnings per share | -0.04 | -0.08 | -0.30 | 0.09 | 0.03 | -0.04 | 0.00 | 0.02 | -0.06 | 0.01 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $31.9m | $41.3m | $49.1m | $64.2m | $64.4m | $24.9m | $21.4m | $18.0m | $17.7m | $12.8m |
| Cash and short-term investments | $3.6m | $2.7m | $5.3m | $11.8m | $6.0m | $2.9m | $1.2m | $1.8m | $2.4m | $607,000 |
| Total liabilities | $16.0m | $21.4m | $21.5m | $29.1m | $38.2m | $22.0m | $16.1m | $13.3m | $15.1m | $10.3m |
| Debt | $4.7m | $4.7m | $5.7m | $8.4m | $9.1m | $6.8m | $7.0m | $4.1m | $4.3m | $6.2m |
| Shareholders' equity | $15.8m | $19.8m | $27.7m | $35.1m | $26.3m | $2.8m | $5.3m | $4.7m | $2.7m | $2.6m |
| Shares outstanding | 98m | 98m | 98m | 97m | 97m | 82m | 75m | 81m | 74m | 79m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.0m | $1.5m | −$11.9m | $15.7m | $5.5m | $6.8m | $1.3m | $1.3m | $1.1m | $1.8m |
| Capital spending | −$129,885 | −$2.3m | −$4.9m | −$6.9m | −$6.1m | −$3.6m | −$1.6m | −$1.3m | −$923,000 | −$709,000 |
| Free cash flow | $2.9m | −$772,000 | −$16.9m | $8.8m | −$628,000 | $3.1m | −$308,000 | −$4,000 | $212,000 | $1.1m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.7m | $22.4m | $22.4m | $27.6m | $19.2m | $21.4m | $38.8m | $51.4m |
| Operating income | −$567,471 | −$1.2m | −$4.0m | −$2.5m | −$8.2m | −$10.9m | $4.3m | $3.8m |
| Net income | −$2.3m | −$1.3m | −$5.4m | −$2.6m | −$11.7m | −$10.2m | $4.9m | $3.4m |
| Diluted earnings per share | -0.02 | -0.01 | -0.06 | -0.03 | -0.12 | -0.11 | 0.05 | 0.03 |
| Cash from operations | $2.0m | — | — | — | −$7.0m | −$4.0m | $8.0m | $7.0m |
| Capital spending | — | — | −$1.0m | — | — | −$2.0m | −$4.0m | −$2.0m |
| Free cash flow | — | — | — | — | — | −$6.0m | $4.0m | $5.0m |
| Total assets | $31.9m | $35.4m | $41.3m | $47.6m | $49.1m | $63.3m | $64.2m | $57.9m |
| Cash and short-term investments | $3.6m | $3.3m | $2.7m | $4.3m | $5.3m | $16.8m | $11.8m | $10.8m |
| Debt | $2.9m | $2.4m | $1.7m | $1.8m | $1.7m | $1.4m | $1.4m | $741,000 |
| Shareholders' equity | $15.8m | $18.4m | $19.8m | $25.1m | $27.7m | $41.5m | $35.1m | $30.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.7% | 1.1% | 13.6% |
| Operating income | — | — | 2.6% |
| Net income | — | 2.8% | 16.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -8.7% | -10.8% | -6.3% | -5.1% |
| Net margin | -12.7% | -13.9% | -9.6% | -7.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -5.4 | -1.7 | -1.1 | 6.5 | 35.3 | -17.5 | 79.0 |
| Price to sales | 0.5 | 0.3 | 0.6 | 0.6 | 1.3 | 1.4 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 75-to-1 reverse split · 24 Oct 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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