Light Science Technologies Holdings (LN: LST)

Currency in GBP

Last close As at 25/01/2023

GBP0.05

−0.25 (−5.26%)

Market capitalisation

GBP8m

Light Science Technologies Holdings offers a range of products and services for improving productivity in controlled environment agriculture. It also offers an end-to-end, full-service contract electronic manufacturing capability (UK Circuits) based in the UK.

The group’s controlled environment agriculture division has signed the first two trial contracts for its sensorGROW product, which launched in June 2022. If successful, these two trials could roll into subscription contracts which generate up to £0.9m in recurring revenues from the provision of technology, data collection, advisory and maintenance services over a three year period.

Sector

Industrials

Equity Analyst

Anne Crow

Anne Margaret Crow

Director, TMT & Industrials

Key Management

  • Andrew Hempsall

    COO

  • Jim Snooks

    CFO

  • Myles Halley

    Non-executive chairman

  • Simon Deacon

    CEO

Balance Sheet

Forecast net debt (£m)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 28.6 (28.0) (72.7)
Relative 23.6 (35.3) (73.7)
52 week high/low 16.2p/3.2p

Financials

Light Science Technologies Holdings has signed two further trial contracts for its new sensorGROW system, which could roll into subscriptions collectively generating up to £0.2m over a three-year period. One of these contracts is with a leading UK manufacturer of preserves, marmalades and associated products. Following on from the first two trial contracts announced in September, which could generate up to £0.9m over a three-year period, we believe this demonstrates a high level of engagement from growers in exploring how sensorGROW can help them maximise yields and reduce energy, nutrient and water costs.

Y/E Nov Revenue (£m) EBITDA (£m) PBT (£m) EPS (p) P/E (x) P/CF (x)
2020A 6.9 0.5 0.2 0.10 45.0 16.1
2021A 7.4 (1.1) (1.6) (0.81) N/A N/A
2022E N/A N/A N/A N/A N/A N/A
2023E N/A N/A N/A N/A N/A N/A

Thematics

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

Industrials

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Industrials

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