Market's view on Light Science
Published on April 2024
- Stock watchers note that the company has made a strong announcement which includes securing orders worth approximately £1.4 million in the pest control sector and an overall forward order book standing at about £4.1 million in the CEM division.
- There is excitement about the company’s entry into the sports entertainment market with a new order valued at £130,000, highlighting potential for follow-on revenue in this new segment.
- Stock watchers appreciate the company’s strategic investments in manufacturing equipment which enhance automation and efficiency, aiming to bolster gross margin and product quality.
- Observations include the company’s revenue growth of approximately 13% to around £9.25 million, driven by growth across trading divisions and resulting in a 50% reduction in the unaudited loss before tax compared to the previous year.
- Discussions reflect a positive outlook due to the company’s broadened customer base and the focus on further growing margins and targeting larger contracts.
- The company’s consortium work, including adding Nitrous Oxide sensing, is highlighted as an important step in progress.
- Technical analysis from stock watchers points to a strong technical indicator for a rise due to the Golden Cross observed in stock charts.