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Light Science Technologies Results Q&A: “We’ve had a record-breaking year”

13:41, 8th May 2024
John Hughman

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Vox Markets speaks to Simon Deacon, CEO of Light Science Technologies (LST Follow | LST), about a year which has seen rapid revenue growth and judicious cost management move the controlled environment agriculture and passive fire protection specialist move close to self-financing growth as it eyes global expansion.

0:28 The £100bn market opportunity for LST’s three divisions – contract electronics manufacturing, controlled environment agriculture CEA), and passive fire protection.
3:07 Highlights of the FY24 results, including 13.8% revenue growth, improved margins and positive operating cash flow, and the importance of acquisitions made throughout the year.
5:39 The experience added through recent board additions.
6:45 The importance of synergies between the three operating divisions, and the creation of a turnkey solution for controlled environment agriculture.
10:55 Plans to scale up the business, including the use of strategic partnerships and distribution to grow the CEA business internationally.
13:44 How recent fundraisings and an enhanced bank facility will fund ambitious growth plans with a plan to become self-funding.
15:01 Describing the uniqueness of LST’s technologies.


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