Trading Update and Notice of Results

RNS Number : 0737V

Quixant PLC

19 July 2018

 

19 July 2018

Quixant plc

("Quixant" or the "Company")

Trading Update and Notice of Results

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, is pleased to provide an update on trading for the six months ended 30 June 2018.

Revenue and profit before tax is in line with management expectations for the first half and consistent with meeting full year management expectations, continuing the Group's record of strong annual growth.  Gross margin in the first half remained robust.

Commenting on trading Jon Jayal, Quixant CEO said:

"We are very pleased with the performance of the Group in the first six months, with both the Gaming Division and Densitron performing in line with our expectations. In 2017 revenue was significantly first half weighted which we explained was atypical and not likely to be an ongoing trend. This is proving to be the case and for the full year 2018 we anticipate a return to our traditional second half weighting."

The Company's interim results for the six months ended 30 June 2018 are expected to be announced on 19 September 2018.

For further information please contact:

Quixant plc	Tel: [phone]
Jon Jayal (Chief Executive Officer) Cresten Preddy (Chief Financial Officer)
Nominated Adviser and Broker:
finnCap Ltd	Tel: [phone]
Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance) Alice Lane (Corporate Broking)
Financial PR:	Tel: [phone]
Alma PR
John Coles
Susie Hudson

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming industry. The Company is headquartered in Cambridge in the UK where the global sales function is based. North America sales and sales support is run from their subsidiary in Las Vegas. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support team based in Italy.

In November 2015 Quixant acquired Densitron Technologies plc. Densitron has a strong heritage in the sale of electronic display solutions to global industrial markets. Through Densitron's experienced sales team, Quixant has a robust platform to build its business into wider industrial markets. In-depth information on the Company's products, markets, activities and history can be found on the corporate website at www.quixant.com.

 

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