13th Aug 2025 14:26
(Alliance News) - Light Science Technologies Holdings PLC shares fell on Wednesday after it reported half-year results, despite saying it is is "well-positioned to deliver significant upside" going forward.
The stock was down 11% at 3.46 pence on Wednesday afternoon in London.
For the six months ended May 31, revenue decreased 2.7% to GBP5.1 million from GBP5.2 million the year before.
The Passive Fire Protection division's revenue climbed to GBP953,467 from GBP300,481, while AgTech revenue rose 43% to GBP549,074 from GBP384,764. For Contract Electronics Manufacturing, which contributed 70.3% of the total group figure, revenue declined 22% to GBP3.6 million from GBP4.5 million.
The company's pretax loss was GBP163,014 for the period, narrowed from GBP333,773. Its basic & diluted loss per share narrowed to 0.06p from 0.10p.
Cash & cash equivalents totalled GBP1.1 million as of May 31, up slightly from GBP1.0 million one year prior but down from GBP1.2 million at November 30.
"The board remains confident of the opportunities available across the group," Chief Executive Simon Deacon said. "Having set out its stall to focus on trading at a net profitable level, significant strides have been made...Key progress has been made in establishing a foundation for long-term growth and development across all parts of the Group, including progression towards new accreditations and obtaining a patent on its key sensorGROW product.
"With a focus on investment and automation, and establishing a base to deliver larger, longer-term contracts as well as higher-margin revenues, and given the global opportunity, the board believes that the group is well-positioned to deliver significant upside to shareholder value."
By Emma Curzon, Alliance News reporter
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