Light Science Technologies CEO Targets £1m Healthcare Revenue Amid Growing Defence Opportunities
Light Science Technologies Holdings PLC (LSTH) is aiming to generate £1 million in healthcare revenue within a 12-month cycle, driven by repeat orders from an existing customer. The company's CEO, Simon Deacon, highlighted the importance of follow-on contracts as part of its strategy to expand into new markets and strengthen client relationships. Deacon also discussed opportunities in defence, noting that onshoring trends and UK investment in key infrastructure are creating openings for LSTH. Additionally, efforts to diversify the customer base have reduced reliance on a single pest control client from 60% of annual revenue down to around 25%. The company is investing in AI-powered optical inspection equipment as it scales into healthcare, medical, and defence sectors. Looking ahead, Deacon expressed confidence about growth for the year and beyond. He also mentioned ongoing projects such as passive fire protection installations and university-based smart technology centers.
Topics: contract expansion defence diversification healthcare revenue growth