Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Light Science flags strong momentum in contact electronics division
(Sharecast News) - Light Science Technologies, which operates through three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - reported strong momentum in its CEM division on Monday, driven by a record-breaking year in the pest control market. The AIM-traded company said it expected pest control revenue for the current year to significantly exceed those of the 2023 financial year.
Recently, Light Science Technologies added £0.63m in committed forward orders within its CEM division.
The orders were over and above the historical forward order profiles.
Consequently, pest control revenues already booked and forward orders to be fulfilled in the current financial year were £0.83m, or 15% higher than the total revenues from the segment in 2023.
Additionally, the CEM division had experienced strong trading in new market segments.
The division received a follow-on order worth £0.13m from a client in the sports entertainment segment.
That follow-on order, announced initially in February, indicated the beginning of a broader rollout and reflected the significant revenue potential from the segment, the board said.
The CEM division was continuing to capitalise on its recent strategic positioning to manage larger volume projects, leveraging wider market trends and the shift away from manufacturing in the Far East.
Overall, Light Science Technologies anticipated reporting full-year revenues for the CEM segment between £9m and £9.5m.
Trading in the company's other two divisions, CEA and PFP, remained in line with management expectations as reported on 4 July.
"I'm delighted with the continued momentum within the CEM division," said chief executive officer Simon Deacon.
"Importantly we are establishing long-term relationships with clients that have the ability to underpin repeat business opportunities, which will result in increased visibility as we convert our strong quoted sales pipeline.
"We are excited by the significant opportunity within our existing and potential customer base and look forward to providing further updates in due course."
At 1420 BST, shares in Light Science Technologies were up 6.67% at 2.88p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
