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Lifesafe Holdings Plc ( (GB:LIFS) ) has provided an update.
LifeSafe Holdings Plc reported that its FY24 performance was in line with Board expectations, with revenue expected to be approximately £3.3 million and a significant improvement in underlying LBITDA to £0.7 million from the previous year’s £1.4 million. The company successfully reduced overheads by 43% through strategic reductions in marketing and logistics costs and shifted its US sales model to a B2B2C approach, which has improved gross and net margins, moving the company closer to profitability.
More about Lifesafe Holdings Plc
LifeSafe Holdings Plc is a fire safety technology company specializing in innovative fire extinguishing and prevention fluids and fire safety products. The company is focused on scaling its operations and improving its market presence, particularly through a strategic shift in its sales model in the US market.
YTD Price Performance: -18.92%
Average Trading Volume: 89,137
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.59M
For a thorough assessment of LIFS stock, go to TipRanks’ Stock Analysis page.