Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon takes Proactive's Stephen Gunnion through the company's strong half-year results. Deacon highlighted the company's robust performance across its three key divisions: controlled environment agriculture, contract electronics manufacturing, and passive fire protection.
Revenues surged by 19.3%, with committed group forward orders at £5.2 million. Gross profit rose significantly to 26.6% from 20.9%. Deacon noted, "Our quoted pipeline continues to grow, now at £51 million." The company's strategy includes expanding its global presence, with new distribution agreements in South Africa, Australia, the Middle East, and the Americas.
Cash availability increased to £1.5 million, supported by an enhanced debt facility of £850,000. Two new board members, Dr Graham Cooley and Richard Mills, have joined, bringing valuable market experience. The acquisition of Tomtech has bolstered revenue in the controlled environment agriculture sector.
The Passive Fire Protection (PFP) division is poised for growth, targeting a £50 billion market opportunity in the UK. The company's innovative solutions, such as the injector-clad product, offer significant cost savings and minimal disruption during installation.
Light Science Technologies is also making strides in sensor technology for agriculture, aiming to reduce fertiliser waste and greenhouse gas emissions.
The company's Contract Electronics Manufacturing (CEM) division continues to thrive, with notable growth in the sports entertainment sector. Deacon emphasised, "We are a growing company, increasing profit margins year on year, and our focus is to become cash-generative by 2025."
