Light Science Technologies Holdings PLC (AIM:LST) CEO Simon Deacon speaks with Proactive’s Stephen Gunnion about the company’s c.30% revenue growth, profitability milestones, and innovations driving margin expansion.
Deacon highlighted growth across all divisions for the 12 months ended 30 November, particularly the Controlled Environment Agriculture (CEA) segment, which saw a 250% increase. He attributed profitability improvements to efficiency gains and the high-margin nature of products in the passive fire protection and CEA segments. Deacon noted that the group’s pipeline for CEA projects now exceeds £50 million, with significant contributions from environmental sensors and light recipe technology.
Looking ahead, Deacon discussed plans for global expansion, focusing on markets in the Americas, the Middle East, and Australia, facilitated by partnerships. Despite the discontinuation of a product line by a long-term pest control client, Deacon expressed confidence in the company’s cash runway and its ability to sustain growth into 2025.
“We’ve really turned the corner,” he said, adding that …