Light Science Technologies Holdings plc (GB:LST)
LSE:LST
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Light Science Technologies Holdings plc
(LSE:LST)
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Rating:55Neutral
Price Target:
2.50 p
▼(-46.81% Downside)
Action:ReiteratedDate:05/08/26
The score is held back primarily by volatile financial performance (FY2025 revenue decline and renewed losses), partially offset by positive recent cash generation and reduced debt. Technicals are supportive with the stock trading above key moving averages, but valuation remains pressured given negative earnings and no indicated dividend yield.
Positive Factors
Cash generation
Recent positive operating and free cash flow in FY2024–FY2025 shows the business can convert operations into cash, improving near-term liquidity and funding optionality. While volatile, sustained positive cash conversion reduces reliance on external financing and supports reinvestment or debt paydown over months.
Negative Factors
Return to losses
Reversion to operating and net losses in FY2025 demonstrates earnings fragility and execution risk. Persistent margin volatility reduces predictability of future profitability, complicates reinvestment planning, and raises the need for sustained cost discipline to achieve durable earnings recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Recent positive operating and free cash flow in FY2024–FY2025 shows the business can convert operations into cash, improving near-term liquidity and funding optionality. While volatile, sustained positive cash conversion reduces reliance on external financing and supports reinvestment or debt paydown over months.
Read all positive factors
Light Science Technologies Holdings plc (LST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£22.34M
Dividend YieldN/A
Average Volume (3M)2.06M
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees75
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding993,005,500
10 Day Avg. Volume958,288
30 Day Avg. Volume2,062,366
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)13.76
Price to Sales (P/S)1.82
P/FCF Ratio39.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)£11.70M
Light Science Technologies Holdings plc Business Overview & Revenue Model
Company Description
Light Science Technologies Holdings Plc designs, procures, and manufactures contract electronics manufacturing products. The company develops and manufactures lighting and technology products for the controlled environment agriculture sector. It o...
How the Company Makes Money
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Light Science Technologies Holdings plc Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.63M | 12.04M | 9.30M | 8.17M | 7.39M |
| Gross Profit | 2.91M | 3.64M | 2.17M | 1.44M | 1.64M |
| EBITDA | -114.00K | 804.47K | -521.60K | -2.31M | -1.85M |
| Net Income | -979.00K | -46.72K | -953.16K | -2.50M | -2.17M |
Balance Sheet | |||||
| Total Assets | 6.27M | 8.32M | 8.33M | 7.07M | 8.54M |
| Cash, Cash Equivalents and Short-Term Investments | 723.00K | 1.21M | 981.36K | 590.67K | 3.86M |
| Total Debt | 1.67M | 1.93M | 2.37M | 2.94M | 2.51M |
| Total Liabilities | 4.71M | 5.84M | 5.87M | 5.13M | 4.62M |
| Stockholders Equity | 1.14M | 2.08M | 2.10M | 1.59M | 3.59M |
Cash Flow | |||||
| Free Cash Flow | 399.00K | 1.51M | -451.82K | -3.38M | -2.29M |
| Operating Cash Flow | 519.00K | 1.53M | 175.57K | -2.75M | -1.98M |
| Investing Cash Flow | -517.00K | -577.66K | -457.42K | -627.37K | -305.05K |
| Financing Cash Flow | -494.00K | -723.18K | 672.54K | 110.41K | 6.11M |
Light Science Technologies Holdings plc Technical Analysis
Neutral
4.70
Price Trends
2.31
Negative
3.38
Negative
3.65
Negative
Market Momentum
-0.24
Negative
54.57
Neutral
77.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LST, the sentiment is Neutral. The current price of 4.7 is above the 20-day moving average (MA) of 1.24, above the 50-day MA of 2.31, and above the 200-day MA of 3.65, indicating a neutral trend. The MACD of -0.24 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 77.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:LST.
Light Science Technologies Holdings plc Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £67.15M | 3.57 | 22.93% | ― | 136.76% | ― | |
72 Outperform | £3.78B | 17.58 | 8.06% | 2.12% | 4.99% | -24.08% | |
67 Neutral | £253.45M | 25.56 | 3.10% | 2.19% | 10.66% | 23.08% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £329.69M | 135.40 | 6.24% | 1.89% | 9.13% | -47.18% | |
55 Neutral | £22.34M | -4.97 | ― | ― | ― | ― | |
54 Neutral | £210.48M | -1.27 | -31.21% | ― | -7.62% | 5.48% |
* Technology Sector Average
GB:LST
Light Science Technologies Holdings plc
2.25
-1.60
-41.56%
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48.24%
Light Science Technologies Holdings plc Corporate Events
Business Operations and Strategy
Light Science Technologies wins higher-margin healthcare electronics contract
Positive
May 7, 2026
Light Science Technologies Holdings’ contract electronics manufacturing arm, UK Circuits and Electronics Solutions, has won a new contract with a UK-headquartered international healthcare manufacturer of medical devices and consumables used ...
Business Operations and Strategy
Light Science Technologies CEO courts retail investors at London briefing
Positive
May 6, 2026
Light Science Technologies Holdings plc said chief executive Simon Deacon will present at the Yellowstone Advisory Private Investor evening in London on 13 May 2026, as the company steps up engagement with retail shareholders. The event gives mana...
Business Operations and StrategyM&A Transactions
Light Science Technologies Secures First Injectaclad Order After RLUK Acquisition
Positive
May 5, 2026
Light Science Technologies’ passive fire protection division has secured its first Injectaclad supply order following the recent acquisition of RLUK Injection, with a £0.41m contract to provide fire-resistant graphite barrier materials ...
Regulatory Filings and Compliance
Light Science Technologies Confirms Total Voting Rights and Share Capital
Neutral
Apr 30, 2026
Light Science Technologies Holdings plc has confirmed that its issued share capital currently consists of 993,005,500 ordinary shares of 1 pence each, with one voting right attached to every share. The company holds no shares in treasury, meaning ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Light Science Technologies refocuses portfolio and raises £6.6m to drive higher-margin growth
Positive
Apr 24, 2026
Light Science Technologies reported a sharp drop in annual revenue to £8.6m as it deliberately scaled back lower-margin contract electronics work, while lifting gross margins to 33.8% and posting a £0.89m pre-tax loss amid timing issues ...
Business Operations and StrategyFinancial Disclosures
Light Science Technologies Sets April Dates for Full-Year Results and Investor Briefings
Neutral
Apr 17, 2026
Light Science Technologies Holdings said it will publish its audited results for the year ended 30 November 2025 on 24 April 2026, alongside an online analyst briefing that morning and a live investor presentation on 27 April via the Investor Meet...
Business Operations and StrategyM&A Transactions
Light Science Technologies Completes Acquisitions to Consolidate Key Assets
Positive
Apr 15, 2026
Light Science Technologies Holdings plc has completed the acquisitions of RLUK Injection Ltd and its wholly owned subsidiary Injectaclad Ltd, alongside purchasing the remaining 10% minority interest in UK Circuits and Electronics Solutions Limited...
Delistings and Listing ChangesM&A TransactionsPrivate Placements and FinancingRegulatory Filings and ComplianceShareholder Meetings
Light Science Technologies investors back fundraise and acquisitions at General Meeting
Positive
Apr 9, 2026
Light Science Technologies Holdings plc has confirmed that shareholders approved all resolutions at its General Meeting, enabling the company to proceed with its previously announced Second Placing, Third Placing and Retail Offer, as well as relat...
Business Operations and Strategy
Light Science Technologies Sees UK Safety Plan Unlocking Fire Remediation Backlog
Positive
Apr 9, 2026
Light Science Technologies Holdings said it expects a strategic plan from the UK Building Safety Regulator for 2026-27 to ease bottlenecks in building safety approvals, particularly for cladding remediation schemes. The regulator aims to deliver d...
Regulatory Filings and Compliance
Light Science Technologies Confirms Total Voting Rights at 399.6 Million Shares
Neutral
Mar 31, 2026
Light Science Technologies Holdings plc announced that its issued share capital currently consists of 399,606,600 ordinary shares of 1 pence each, with one voting right attached to every share and no shares held in treasury. This disclosure clarif...
Business Operations and StrategyFinancial Disclosures
Light Science Technologies Wins New AgTech Contract and Expands University Projects
Positive
Mar 30, 2026
Light Science Technologies Holdings has secured an approximately £300,000 contract, plus an expected annual £19,000 maintenance package, to refurbish a Welsh university glasshouse into a 29-zone, state-of-the-art research facility with a...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Light Science Technologies Raises £0.6m in Oversubscribed Retail Offer
Positive
Mar 17, 2026
Light Science Technologies Holdings has closed its latest Retail Offer, raising £0.6 million before expenses through the issue of 60,000,000 new shares at 1 pence each, following significant oversubscription from existing shareholders. Condit...
Private Placements and Financing
Light Science Technologies Raises £6m in Deep-Discount Share Placing
Neutral
Mar 11, 2026
Light Science Technologies Holdings plc has completed a £6 million placing through the issue of 600,000,000 new shares at 1 pence, a 65.5% discount to the prior closing price, structured as a firm placing, an EIS/VCT placing and a general pla...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Light Science Technologies to Buy Injectaclad Owner and Full UK Circuits Stake in £6.6m-Funded Growth Push
Positive
Mar 11, 2026
Light Science Technologies Holdings has agreed conditional deals to acquire RLUK Injection, owner of passive fire protection specialist Injectaclad, and the remaining 10% minority stake in its UK Circuits electronics unit, plus a related property,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.