Light Science Technologies achieves positive EBITDA with expanding margins

Light Science Technologies Holdings plc (AIM: LST) stated in its recent trading update the group was EBITDA positive for the first time with revenue growing and margins expanding. Simon Deacon, Founder and Chief Executive Officer, explains how each of the Group’s three operating divisions (controlled environment agriculture (CEA); contract electronics manufacturing (CEM) and passive fire protection (PFP) with its Injecta fire barrier and how they each target different but large markets. “We've got lots of strings to our bow with irrigation, control system, software, sensors and lighting and we provide that turnkey solution and turnkey product range for our customers and we've seen quite a change in the last six months, the passive fire protection has got a huge market with a £50bn addressable market in the UK as there's a lot of buildings which need work doing on them to make them fire safe.” commented Simon Deacon, CEO at Light Science Technologies Holdings plc In this interview investors will learn: - How the Group structure delivers shareholder value - How CEM continues to generate steady revenues and is benefiting from recent positioning to handle larger volume projects - Why PFP represents the most immediate route to significant revenue growth, targeting the growing fire safety retrofit market in the UK - When the CEA landscape materially improved, and why the Board remains confident this division has largest long-term growth opportunity for the group - How the company intends to grow both organically and via acquisitions - Why Australia, New Zealand, Middle East, South Africa and the Americas will be lucrative territories for the Group - What the company plans to do with its AI initiatives - When the Company plans to convert its £47m pipeline into recognised revenue Reasons to put Light Science Technologies on your watchlist: - Highly experienced and motivated management team - Large and growing commercial development pipeline of more than £47m and a committed orderbook of almost £5m: - Group gross margin is expected to expand significantly to c.26.5% (1H23: 20.9%), up by approximately 27.0% - Strong balance sheet with flexible debt facilities with long standing lender Close Brothers underpinned by an additional £0.85m facility Simon Deacon, CEO at Light Science Technologies Holdings plc, was interviewed by Sarah Lowther for focusIR.