Lifesafe Holdings Plc (GB:LIFS) has released an update.
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LifeSafe Holdings Plc, a developer of innovative fire safety technologies, reported a 46% increase in revenue to £5.9 million for the fiscal year 2023, despite a £2.2 million loss before tax. The company launched several new products, including a versatile fire extinguisher and eco-friendly fire suppression fluids, and established key partnerships to distribute their products globally. LifeSafe’s strategic shift to a B2B2C model and focus on partnerships is expected to improve profitability and shareholder value.
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