LifeSafe Holdings Plc

LIFS

Equity

ISIN GB00BP83Y473 / Valor 119719441

LSE London Stock Exchange, SETS (2024-12-20)

GBP 0.1%

LifeSafe Holdings Plc
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About company

LifeSafe Holdings Plc is a fire safety technology business that specializes in developing eco-friendly fire extinguishing fluids and life-saving fire safety products. The company's core product, the StaySafe 5-in-1 fire extinguisher, has gained popularity on platforms like Amazon Prime and Screwfix in the UK. LifeSafe has also introduced innovative products such as the StaySafe All-in-1, which can extinguish ten different fire types, and a Thermal Runaway Fluid designed to combat lithium battery fires. With a focus on new technologies and digital marketing, LifeSafe is continuously expanding its product range to meet the evolving needs of the fire safety market.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

LifeSafe Holdings Plc reported a significant increase in revenue for the year ended 31 December 2023, reaching £5.9 million compared to £4.0 million in 2022. This growth was driven by the successful commercialisation of its eco-friendly fire extinguishing fluid.

Gross Profit and Margin

The gross profit for LifeSafe Holdings Plc also saw a substantial rise, amounting to £3.4 million in 2023, up from £2.3 million in 2022. The gross margin improved slightly to 57.6% from 57.0% in the previous year.

Underlying Loss Before Tax

Despite the revenue growth, LifeSafe Holdings Plc reported an underlying loss before tax of £1.6 million for the year ended 31 December 2023, compared to an underlying loss of £1.4 million in 2022. This figure excludes non-underlying items amounting to £0.6 million.

Net Debt Position

As of 31 December 2023, LifeSafe Holdings Plc had a net debt of £171,000, a shift from a net cash position of £1.1 million at the end of 2022. This change was primarily due to the utilisation of working capital facilities to increase stock in anticipation of higher demand.

Equity Placings and Subscriptions

During 2023, LifeSafe Holdings Plc successfully raised gross proceeds of £1.6 million through equity placings and subscriptions. Additionally, in May 2024, the company completed another equity placing, subscription, and retail offer, raising an additional £2.0 million to support its business opportunities.

Summarized from source with an LLMView Source

Key figures

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Performance

122%1Y

109%3Y

109%5Y

Volatility