LSI Industries up on contract with new quick service restaurant customer

LSI Industries

13/04/2022 16:01

** Shares of lightning products and graphics firm  LYTS.O 
up 2% at $5.97
    ** LSI Industries on Tuesday after markets closed announced
an order from a new global quick service restaurant customer
    ** Roth Capital says it estimates order at $50 mln
opportunity over next couple of years, with installations likely
starting later this year
    ** Adds contract increases potential for revenue upside in
late 2022, with more of a probable uplift to 2023
    ** Brokerage maintains "Buy" rating and PT of $13
    ** Stock fell ~13% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))