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Light Science Technologies Holdings plc
(LSE:LST)
Select Model
Select Model
Rating:45Neutral
Price Target:
1.00 p
▼(-43.82% Downside)
Action:Reiterated
Date:10/03/26
The score is held down primarily by weak financial performance (earnings volatility, FY2025 revenue decline, and a return to losses) and bearish technicals (price below all key moving averages with negative MACD and oversold momentum). Positive operating/free cash flow and reduced debt provide some support, while valuation is inconclusive given the negative P/E and missing dividend yield.
Positive Factors
Recent cash generation
Positive operating and free cash flow in the two most recent years indicates that the business has recently converted operations into cash despite earnings pressure. This supports internal funding capacity and provides some resilience as management works to restore profitability.
Negative Factors
FY2025 revenue contraction
A roughly 27% annual revenue decline weakens confidence in near-term demand durability and reduces operating leverage across the business. If lower sales persist, the company may struggle to spread fixed costs, invest consistently, and rebuild a stable earnings base.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent cash generation
Positive operating and free cash flow in the two most recent years indicates that the business has recently converted operations into cash despite earnings pressure. This supports internal funding capacity and provides some resilience as management works to restore profitability.
Read all positive factors
Light Science Technologies Holdings plc (LST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£11.42M
Dividend YieldN/A
Average Volume (3M)6.43M
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees66
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding993,005,500
10 Day Avg. Volume7,310,953
30 Day Avg. Volume6,434,163
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)£11.50M
Light Science Technologies Holdings plc Business Overview & Revenue Model
Company Description
Light Science Technologies Holdings Plc (LSTH) offers expertise in the design, procurement, and assembly of custom electronics for various industries. A core area of their business involves developing and manufacturing advanced lighting and techno...
Light Science Technologies Holdings plc Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.30M | 8.63M | 12.04M | 9.30M | 8.17M | 7.39M |
| Gross Profit | 2.21M | 2.91M | 3.64M | 2.17M | 1.44M | 1.64M |
| EBITDA | -873.43K | -114.00K | 804.47K | -521.60K | -2.31M | -1.85M |
| Net Income | -1.22M | -979.00K | -46.72K | -953.16K | -2.50M | -2.17M |
Balance Sheet | ||||||
| Total Assets | 12.77M | 6.27M | 8.32M | 8.33M | 7.07M | 8.54M |
| Cash, Cash Equivalents and Short-Term Investments | 2.44M | 723.00K | 1.21M | 981.36K | 590.67K | 3.86M |
| Total Debt | 1.28M | 1.67M | 1.93M | 2.37M | 2.94M | 2.51M |
| Total Liabilities | 5.77M | 4.71M | 5.84M | 5.87M | 5.13M | 4.62M |
| Stockholders Equity | 7.00M | 1.14M | 2.08M | 2.10M | 1.59M | 3.59M |
Cash Flow | ||||||
| Free Cash Flow | -1.13M | 399.00K | 1.51M | -451.82K | -3.38M | -2.29M |
| Operating Cash Flow | -556.33K | 519.00K | 1.53M | 175.57K | -2.75M | -1.98M |
| Investing Cash Flow | -3.71M | -517.00K | -577.66K | -457.42K | -627.37K | -305.05K |
| Financing Cash Flow | 5.64M | -494.00K | -723.18K | 672.54K | 110.41K | 6.11M |
Light Science Technologies Holdings plc Technical Analysis
Negative
1.78
Price Trends
1.67
Negative
1.76
Negative
2.32
Negative
Market Momentum
-0.12
Positive
25.57
Positive
18.97
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LST, the sentiment is Negative. The current price of 1.78 is above the 20-day moving average (MA) of 1.65, above the 50-day MA of 1.67, and below the 200-day MA of 2.32, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 25.57 is Positive, neither overbought nor oversold. The STOCH value of 18.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | £4.34B | 35.70 | 12.53% | 1.33% | 14.41% | 41.98% | |
66 Neutral | £335.29M | 83.05 | 3.33% | 0.80% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | £313.73M | -9.38 | -24.38% | 3.68% | -2.68% | 47.33% | |
54 Neutral | £240.45M | -400.00 | -0.72% | 1.91% | -8.18% | -105.44% | |
50 Neutral | £39.97M | 54.55 | 1.32% | ― | 2.30% | -81.36% | |
45 Neutral | £11.42M | -3.59 | -29.91% | ― | ― | ― |
* Technology Sector Average
GB:LST
Light Science Technologies Holdings plc
1.15
-2.80
-70.89%
GB:GHH
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106.24%
GB:JDG
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3,600.00
-2,493.17
-40.92%
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Kromek Group plc
6.00
-0.30
-4.76%
GB:RSW
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5,855.00
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GB:TTG
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187.80
85.00
82.68%
Light Science Technologies Holdings plc Corporate Events
Business Operations and StrategyFinancial Disclosures
Light Science Technologies trims 2026 outlook but flags strong pipeline
Negative
Oct 1, 2026
Light Science Technologies Holdings expects full-year 2026 revenue of £9.0 million to £9.5 million, up from £8.6 million a year earlier but below prior expectations due to delayed approvals in its passive fire protection division. T...
Business Operations and StrategyFinancial Disclosures
Light Science Technologies wins follow-on CEM healthcare contract and boosts AI-led capacity
Positive
Sep 22, 2026
Light Science Technologies’ contract electronics manufacturing division has secured a follow-on order from a healthcare devices client, worth about £342,000, with revenues to be recognised between November 2026 and February 2027, taking...
Business Operations and StrategyFinancial Disclosures
Light Science Technologies Secures £0.8m in New Passive Fire Protection Contracts
Positive
Sep 9, 2026
Light Science Technologies Holdings plc has reported further commercial traction in its Passive Fire Protection division, securing about £0.8 million of new business since its June trading update. The additional orders cover Injectaclad cavit...
Business Operations and Strategy
Light Science Technologies Sees Momentum Build in UK Fire Remediation Market
Positive
Aug 27, 2026
Light Science Technologies Holdings plc has highlighted rising procurement activity in the UK passive fire protection market, citing a new four‑year public sector framework from Efficiency East Midlands worth up to £800 million, with &#...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Light Science Technologies banks on acquisitions and backlog easing for stronger H2
Positive
Aug 13, 2026
Light Science Technologies Holdings reported a transitional first half to 31 May 2026 marked by a £6.6m fundraise and three strategic acquisitions that are reshaping its operations across passive fire protection, electronics manufacturing and...
Business Operations and StrategyFinancial Disclosures
Light Science Technologies Sets Interim Results Date and Investor Briefing
Positive
Aug 11, 2026
Light Science Technologies Holdings plc, listed on AIM as LST, operates in passive fire protection, agricultural technology and contract electronics manufacturing, supplying fire remediation solutions, controlled-environment farming systems and sp...
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.