Light Science Technologies Holdings
LST · AIM · Industrial Goods and Services · mcap £8.6m · 0.9p 3 open situations →
- EV
- £7.3m
- EV / EBIT
- –
- Net cash
- £1.4m
- FCF yield
- -14.6%
- Revenue
- £7.3m
- Share price 1y
- −86%
- Insiders 12m
- no deals
- Next report
- around 23 Apr
Open · 3
CEO succession
Follows from Profit warning – profit warning
On 21 Oct 2026 CEO Simon Deacon stepped down as CEO and director with immediate effect, three weeks after the 1 Oct 2026 FY2026 guidance cut. COO Andrew Hempsall became interim CEO the same day. No reason for the departure and no timetable for a permanent appointment were given.
- Departure
- Simon Deacon stepped down as CEO and Director with immediate effect, announced 21 Oct 2026 21 Oct 2026 ↗
- Interim CEO
- Andrew Hempsall, previously Chief Operating Officer, appointed with immediate effect 21 Oct 2026 ↗
- Reason
- Not stated 21 Oct 2026 ↗
- Permanent CEO
- No search or timetable stated 21 Oct 2026 ↗
Next: permanent CEO appointment or search update
- 21 Oct 2026 Interim CEO in place from 21 Oct 2026
Profit warning
Led to CEO succession – Interim CEO in place from 21 Oct 2026
On 1 Oct 2026 the company cut FY2026 revenue guidance to £9.0-9.5m (FY2025: £8.6m), blaming delayed PFP approvals that stop two installation contracts completing this year. Adjusted loss before tax is guided at £0.8-1.0m, with H2 at breakeven. Delayed projects are expected to progress in FY2027.
- Revenue guidance
- FY2026 £9.0m to £9.5m (FY2025: £8.6m), below previous expectations 1 Oct 2026 ↗
- Loss guidance
- Adjusted loss before tax £0.8m to £1m; H2 expected at breakeven 1 Oct 2026 ↗
- Cause
- Delayed PFP approvals; two installation contracts will not occur in FY2026 1 Oct 2026 ↗
- H2 vs H1
- H2 revenue expected approximately 50% higher than H1 1 Oct 2026 ↗
- Offsets
- CEM ahead of expectations; AgTech broadly in line 1 Oct 2026 ↗
- Next milestone
- Delayed PFP projects expected to progress during FY2027 1 Oct 2026 ↗
Next: FY2026 results and PFP projects progressing in FY2027
- 1 Oct 2026 profit warning · -19% on the day
Dowgate Group Limited selling down
Next: 9.82% still held
- 25 Sep 2026 9.82%
- 26 Aug 2026 10.84%
- 17 Aug 2026 12.44%
- 9 Jun 2026 13.92%
Closed · 4
Company filings. Not investment advice.