Light Science Technologies Holdings PLC - Derby, England-based plant monitoring solutions company - Posts revenue of £8.2 million for 2022, up from £7.4 million in 2021. Notes record sales in its contract electronics manufacturing division. Pretax loss widens to £2.7 million from £2.3 million, as administrative expenses rise to £4.3 million from £3.3 million a year earlier. Operating loss widens to £2.6 million from £2.1 million. Looking ahead, expects inflation and energy costs to ease during 2023.
Chief Executive Officer Simon Deacon says: ‘There’s no doubting that this was a challenging period for the company. However the progress made during the year, as we expanded our routes to market across both divisions, means that we can look forward with a certain degree of confidence.’
Current stock price: 1.22 pence each, down 4.3% on Wednesday morning in London
12-month change: down 91%
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