Share Prices & Company Research

Market News

10 Jan 2024 | 09:25

Light Science Technologies halves FY pre-tax losses

(Sharecast News) - Technology solutions provider Light Science Technologies roughly halved pre-tax losses in the year ended 30 November as revenues rose and overheads were reduced and margins expanded. Light Science said revenues increased by approximately 13% to roughly £9.25m, driven by growth across each of its three trading divisions, while overhead cost reductions resulted in an approximately 20% cost savings, while gross margins grew by approximately 27% to 22.5%.

As a result, the AIM-listed group expects to report an unaudited loss before tax of around £1.3m, a marked improvement from the prior year's £2.72m loss.

Looking forward, Light Science said the core focus for the group remains on growing revenues and margins, controlling overhead costs, and ultimately becoming operationally cash-self-funded.

As of 1050 GMT, Light Science shares were up 6.30% at 2.44p.







Reporting by Iain Gilbert at Sharecast.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.