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Light Science Technologies Holdings plc (LST) AI Stock Analysis

GB:LST

Light Science Technologies Holdings plc

(LSE:LST)

Select Model
Rating:44Neutral
Price Target:GBX 0.75â–¼(-20.84% Downside)
Action:reiterated
Date:10/23/26

The score is held down primarily by weak financial performance (return to losses and a sharp FY2025 revenue decline) and very bearish technicals (price well below all major moving averages with negative MACD). Recent positive cash flow and reduced debt provide some support, but the negative P/E and lack of dividend data limit valuation comfort.

Positive Factors
Reduced DebtDebt reduction improves financial flexibility and can lower pressure from interest and refinancing needs. Although leverage remains a consideration, the smaller debt burden gives the company more capacity to manage operating volatility and support its controlled-environment agriculture strategy.
Negative Factors
Unstable ProfitabilityThe return to operating and net losses shows that the business has not yet established dependable earnings power. Repeated margin volatility can restrict reinvestment, weaken resilience during slower demand, and make future growth less valuable if revenue does not translate into sustainable profits.

Light Science Technologies Holdings plc (LST) vs. iShares MSCI United Kingdom ETF (EWC)

-100%-75%-50%-25%0%25%50%GB:LST-83.33%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 3.04M
Dividend Yield
―
Average Volume (3M)
6.37M
Price to Earnings (P/E)
-3.0
Beta (1Y)
0.91
Revenue Growth
―
EPS Growth
―
Country
UK
Employees
66
Sector
Technology
Sector Strength
61
Industry
Hardware, Equipment & Parts

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 technolog...

Light Science Technologies Holdings plc Financial Statement Overview

Summary

Overall financial quality is pressured by earnings volatility. The income statement is weak (FY2025 returned to losses with ~27% revenue decline after a stronger FY2024), partially offset by better cash discipline (recent positive operating cash flow/free cash flow, though FY2025 FCF fell sharply vs FY2024) and a balance sheet that shows reduced debt but still mixed strength (equity compressed vs FY2024).

Income Statement

34Negative

Balance Sheet

46Neutral

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMNov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Income Statement
Total Revenue7.30M8.63M12.04M9.30M8.17M7.39M
Gross Profit2.21M2.91M3.64M2.17M1.44M1.64M
EBITDA-841.00K-114.00K804.13K-521.60K-2.31M-1.85M
Net Income-1.22M-979.00K-46.72K-953.16K-2.50M-2.17M
Balance Sheet
Total Assets12.77M6.27M8.32M8.33M7.07M8.54M
Cash, Cash Equivalents and Short-Term Investments2.44M723.00K1.21M981.36K590.67K3.86M
Total Debt1.28M1.67M1.93M2.37M2.94M2.51M
Total Liabilities5.77M4.71M5.84M5.87M5.13M4.62M
Stockholders Equity7.00M1.14M2.08M2.10M1.59M3.59M
Cash Flow
Free Cash Flow-1.13M399.00K1.51M-451.82K-3.38M-2.29M
Operating Cash Flow-556.33K519.00K1.53M175.57K-2.75M-1.98M
Investing Cash Flow-3.71M-517.00K-577.66K-457.42K-627.37K-305.05K
Financing Cash Flow5.64M-494.00K-723.18K672.54K110.41K6.11M

Light Science Technologies Holdings plc Technical Analysis

Technical Analysis SentimentNegative
Last Price0.95

Price Trends

50DMA1.42Negative
100DMA1.53Negative
200DMA1.98Negative

Market Momentum

MACD-0.15Negative
RSI36.15Neutral
STOCH60.00Neutral

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 0.95 is below the 20-day moving average (MA) of 0.98, below the 50-day MA of 1.42, and below the 200-day MA of 1.98, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:LST against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:RSWGB:RSW78OutperformGBP 3.88B32.5012.53%1.43%14.41%41.98%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
GB:TTGGB:TTG56NeutralGBP 347.99M-9.73-24.38%―-2.68%47.33%
GB:JDGGB:JDG54NeutralGBP 226.46M-377.78-0.72%3.48%-8.18%-105.44%
GB:KMKGB:KMK49NeutralGBP 35.71M49.551.32%―2.30%-81.36%
GB:LSTGB:LST44NeutralGBP 9.43M-2.97-29.91%―――

* Technology Sector Average

Performance Comparison

-50%0%50%GB:LSTGB:JDGGB:KMKGB:RSWGB:TTGDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:LST and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:LSTLight Science Technologies Holdings plc0.95-4.75-83.33%
GB:JDGJudges Scientific3400.00-2158.77-38.84%
GB:KMKKromek Group plc5.45-1.30-19.26%
GB:RSWRenishaw plc5330.001923.0956.45%
GB:TTGTT Electronics195.0043.6028.80%

Light Science Technologies Holdings plc Corporate Events

Business Operations and StrategyExecutive/Board Changes

Light Science Technologies names interim CEO as founder steps down

Neutral
Oct 21, 2026

Light Science Technologies Holdings plc, listed on AIM, operates across passive fire protection, contract electronics manufacturing and AgTech, supplying solutions that address building safety, global food security and climate change. Its Injectaclad...

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. The...

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 th...

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 cavity f...

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 &#163...

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 Ag...

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 speci...

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.

Date of analysis: Oct 23, 2026