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Lighting Science Group Corpora
Lighting Science Group Corporation (LSCG) is a developer and manufacturer of commercial, industrial, and consumer LED lighting solutions based in Satellite Beach, Florida. The company's products are designed to provide energy-efficient and environmental-friendly alternatives to traditional lighting technologies.
Here is some general information about LSCG, focusing on its financials and growth:
Revenue:
In 2021, LSCG reported net sales of $20.5 million, representing a 5% increase from the previous year. This revenue growth was driven by a 20% increase in the company's industrial and commercial sales, which offset a 4% decline in its consumer sales.
Earnings:
LSCG has reported net losses in recent years. In 2021, the company reported a net loss of $7.5 million, which was a slight improvement from the net loss of $8.2 million reported in 2020.
Growth:
LSCG has been focusing on expanding its presence in the industrial and commercial markets, as well as developing innovative new products. In 2021, the company introduced several new products, including its VioSafe Healthcare Solutions, which are designed to help prevent the spread of bacteria and viruses.
Valuation:
LSCG has a market capitalization of $11.3 million, as of March 9, 2023. The stock is currently trading at $0.17 per share, giving it a price-to-earnings (P/E) ratio of -3.4.
Overall, LSCG is a small company operating in a competitive market. While it has reported revenue growth in recent years, it has also reported net losses. The company's focus on expanding its presence in the industrial and commercial markets, as well as developing innovative new products, could help drive future growth. However, potential investors should carefully consider the company's financials and market position before making an investment decision.