Revenue is on the rise at Light Science Technologies Holdings (LSTH) plc, which comprises the three divisions of controlled environment agriculture, contract electronics manufacturing, and passive fire protection.
According to a trading update for the 12 months ended 30 November 2023, the group saw revenue increase by approximately 13% to £9.25m, up from £8.17m in the year prior. This was driven by growth across each of the trading divisions, as LSTH made solid organic and acquisitive progress.
Overhead cost reductions during the period resulted in 20% cost savings, while gross margins grew by approximately 27% to 22.5%. As a result, the Derbyshire business expects to report an unaudited loss before tax of £1.3m, reducing from a £2.72m loss last year.
