WINNERS & LOSERS: Filtronic SpaceX deal; Light Science revenue warning

(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Thursday.

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Main Market small-cap winners

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Cindrigo Holdings Ltd, up 33% at 2.50p

Imaging Biometrics Ltd, up 22% at 1.10p, hails pipeline

Corpus Resources PLC, up 15% at 0.01p

Critical Mineral Resources PLC, up 15% at 2.50p, gets "strategic" backing from fund managed by Nebari Partners LLC

Caffyns PLC, up 11% at 500.00p

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Main Market small-cap losers

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RC365 Holding PLC, down 13% at 7.00p

Sealand Capital Galaxy Ltd, down 11% at 0.43p

Solvonis Therapeutics PLC, down 8.7% at 0.11p

Technology Minerals PLC, down 7.7% at 0.06p

New Frontier Minerals Ltd, down 7.1% at 0.33p

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AIM winners

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RentGuarantor Holdings PLC, up 17% at 112.00p

Active Energy Group PLC, up 14% at 0.08p

Futura Medical PLC, up 14% at 0.23p

Harvest Minerals Ltd, up 11% at 0.25p

MS International PLC, up 9.5% at 1,550.00p

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AIM losers

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Light Science Technologies Holdings PLC, down 22% at 1.25p, warns of revenue below expectations

Kropz PLC, down 19% at 0.42p

Huddled Group PLC, down 17% at 0.48p

Fiinu PLC, down 14% at 3.00p

Litigation Capital Management Ltd, down 14% at 0.56p

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Small-cap and AIM movers in focus:

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Imaging Biometrics, up 22% at 1.10p, 12-month range 0.40p-1.45p. The medical imaging technology firm says its operating unit has entered "active discussions with a number of prominent US academic medical centres and health systems". "IB's pipeline strengthened during the quarter, reflecting the demand IB anticipated following its renewed focus on its core imaging business," the firm says. In the quarter ended September 30, two annual IB Clinic subscriptions were announced.

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Light Science Technologies Holdings PLC, down 22% at 1.25p, 12-month range 1.00p-7.10p. The agricultural lighting and monitoring systems provider now expects revenue of GBP9.0 million to GBP9.5 million for the year ending November 30, "below previous expectations". It would represent a rise from GBP8.6 million in financial 2025, however. "The revenue shortfall is largely attributable to delayed approvals within the Passive Fire Protection division, which in particular impacted the commencement of two installation contracts that the company had previously expected to conclude during the second half and which will now no longer occur during FY2026," Light Science says.

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MS International PLC, up 9.5% at 1,550.00p, 12-month range 1,120.00p-1,800.00p. defence equipment manufacturer wins a three-year deal from the US Navy for the supply of stabilised gun mounts and electro-optical sights. "Under the first year of the contract, the US Navy has committed to purchase 22 MK88 Gun Mounts and 23 MK48 Electro-Optical Sights, with a total Year 1 contract value of USD61.3 million. The quantities to be supplied in each subsequent year will be agreed annually, in accordance with the customary structure of this type of US Navy contract," MS adds.

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Filtronic PLC, up 4.7% at 248.65p, 12-month range 117.00p-480.00p. Filtronic reports it has won a USD68.1 million follow-on order from SpaceX. It is for the supply of its Cerus E-band gallium nitride solid state power amplifier, the manufacturer of radio frequency solutions says. It represents its largest order received from SpaceX to date. "The new order is expected to be materially fulfilled during FY2028, underpinning the board's expectations for FY2028, providing stronger visibility over future revenues," Filtronic adds.

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By Eric Cunha, Alliance News news editor

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