3rd May 2023 11:04
Light Science Technologies Holdings PLC - Derby, England-based plant monitoring solutions company - Posts revenue of GBP8.2 million for 2022, up from GBP7.4 million in 2021. Notes record sales in its contract electronics manufacturing division. Pretax loss widens to GBP2.7 million from GBP2.3 million, as administrative expenses rise to GBP4.3 million from GBP3.3 million a year earlier. Operating loss widens to GBP2.6 million from GBP2.1 million. Looking ahead, expects inflation and energy costs to ease during 2023.
Chief Executive Officer Simon Deacon says: "There's no doubting that this was a challenging period for the company. However the progress made during the year, as we expanded our routes to market across both divisions, means that we can look forward with a certain degree of confidence."
Current stock price: 1.22 pence each, down 4.3% on Wednesday morning in London
12-month change: down 91%
By Xindi Wei, Alliance News reporter
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