Trading Update and Notice of Results

RNS Number : 8023L

Quixant PLC

24 July 2017

 

24 July 2017

Quixant plc

("Quixant" or the "Company")

Trading Update and Notice of Results

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming industry, is pleased to announce an update on trading for the six month period ended 30 June 2017.

Trading in the first six months of the year has been stronger than previously anticipated and we expect to report revenue for the first half of approximately $56m, with both the core gaming division and Densitron performing well.  We have seen elevated demand from key customers in the core gaming division in the first half of the year which has boosted revenue in the period. As a result, we currently anticipate that, unlike previous years, the Company's full year results will be first half weighted.

The Company's interim results for the six months ended 30 June 2017 are expected to be announced on 21 September 2017.

Jon Jayal, Chief Operating Officer of Quixant, commented: "I am delighted with the Group's strong performance in the first half of the year.  As a result we are very confident of achieving market expectations for the full year."

For further information please contact:

Quixant plc	Tel: [phone]
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap Ltd	Tel: [phone]
Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance) Simon Johnson / Alice Lane (Corporate Broking)
Financial PR:	Tel: [phone]
Alma PR
John Coles
Hilary Buchanan

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. All the specialised products software and manufacturing are produced in-house and Quixant owns all its own IP much of which is copyright protected.

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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