Light Science Technologies Holdings plc (GB:LST) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Light Science Technologies Holdings plc reports a 19.3% rise in revenue to £5.2m and an improved gross margin of 26.6% for the first half of 2024, with a reduction in loss before tax by 58.4%. The company is experiencing accelerated growth across its three divisions – controlled environment agriculture, contract electronics manufacturing, and passive fire protection. Strategic expansions and new contracts are expected to underpin further growth and the company is confident in reaching a breakeven point.
For further insights into GB:LST stock, check out TipRanks’ Stock Analysis page.
