Z 
2.90p
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
$14.2m
FY2016FY2025
Net income
−$11.0m
FY2016FY2025
Free cash flow
−$8.6m
FY2016FY2025
Shareholders' equity
$58.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.2m | $24.3m | $25.2m | $41.1m | $5.5m | — | — | — | — | $11,915 |
| Research and development | — | — | — | — | — | $1,791 | $2,733 | $2,362 | $2,043 | $8,133 |
| Operating income | −$4.1m | −$3.1m | $1.2m | $28.2m | $992,000 | −$21,919 | −$26,416 | −$9,871 | −$46,637 | −$16,970 |
| Net income | −$11.0m | −$19.6m | −$3.5m | $19.3m | $848,000 | −$40,109 | −$29,786 | $1,314 | −$41,542 | −$1,990 |
| Diluted earnings per share | -0.01 | -0.01 | -0.00 | 0.01 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $93.2m | $93.5m | $112.6m | $104.7m | $40.6m | $239,047 | $196,656 | $194,719 | $204,232 | $171,991 |
| Cash and short-term investments | $3.0m | $10.3m | $3.6m | $9.0m | $1.8m | $52,275 | $14,382 | $14,329 | $28,990 | $16,890 |
| Total liabilities | $34.5m | $42.3m | $47.9m | $44.0m | $10.0m | $32,891 | $7,324 | $5,135 | $7,748 | $8,425 |
| Debt | $23.6m | $26.4m | $35.4m | $25.4m | $4.1m | $106 | $703 | — | — | — |
| Shareholders' equity | $58.7m | $51.1m | $64.7m | $60.7m | $30.6m | $206,156 | $189,333 | $189,585 | $196,484 | $163,566 |
| Shares outstanding | 1,841m | 1,751m | 1,730m | 1,659m | 1,578m | 1,547m | 1,547m | 1,547m | 1,547m | 1,547m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −$1.7m | $13.0m | $11.6m | $27.2m | $933,000 | −$17,912 | −$21,985 | −$22,237 | −$26,071 | −$40,401 |
| Capital spending | −$6.9m | −$13.7m | −$32.1m | −$27.1m | −$18.8m | −$4,710 | −$5,679 | −$13,294 | −$26,403 | −$3,609 |
| Free cash flow | −$8.6m | −$751,000 | −$20.5m | $89,000 | −$17.9m | −$22,622 | −$27,664 | −$35,531 | −$52,474 | −$44,010 |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6m | $8.4m | $5.8m | $9.8m | $12.5m | $6.2m | $11.0m | $5.5m |
| Operating income | $149,980 | $1.9m | −$69,000 | −$6.9m | $3.8m | $1.9m | $5.1m | −$81,500 |
| Net income | $1.8m | $2.0m | −$13.0m | −$16.6m | −$3.0m | −$1.5m | −$1.2m | −$591,000 |
| Diluted earnings per share | 0.00 | 0.00 | -0.01 | -0.01 | -0.00 | -0.00 | -0.00 | -0.00 |
| Cash from operations | −$2.0m | −$2.0m | $2.0m | $6.0m | $6.0m | $3.0m | $4.0m | $2.0m |
| Capital spending | — | −$5.0m | −$1.0m | −$3.0m | −$9.0m | −$4.0m | −$11.0m | −$5.0m |
| Free cash flow | — | −$7.0m | $1.0m | $3.0m | −$3.0m | −$1.0m | −$7.0m | −$3.0m |
| Total assets | $91.5m | $93.2m | $85.6m | $93.5m | $110.7m | $110.7m | $112.6m | $112.6m |
| Cash and short-term investments | $2.0m | $3.0m | $5.8m | $10.3m | $1.1m | $1.1m | $3.6m | $3.6m |
| Debt | $15.7m | $23.6m | $23.4m | $26.3m | $29.2m | $20.7m | $35.4m | $29.0m |
| Shareholders' equity | $59.8m | $58.7m | $50.9m | $51.1m | $68.4m | $68.4m | $64.7m | $64.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -29.8% | — | 12.6% |
| Operating income | — | 184.5% | -8.4% |
| Net income | — | 207.3% | 1.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -18.8% | 21.2% | — | — |
| Net margin | -79.4% | -14.1% | — | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -5.4 | -3.8 | -18.1 | 7.0 | 175.0 | -456.8 |
| Price to sales | 4.2 | 3.0 | 2.5 | 3.3 | 27.2 | — |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 100-to-1 reverse split · 19 Sept 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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