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Quixant PLC (QXT)

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Friday 09 April, 2021

Quixant PLC

Announcement of Final Results

RNS Number : 0336V
Quixant PLC
09 April 2021
 

9 April 2021

 

Quixant plc

 

("Quixant" or "the Group")

 

 

Announcement of Final Results

Quixant (AIM:QXT) a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, announce that due to internal process delays at their auditors, KPMG, the 2020 year end results will now be announced on Wednesday 14 April 2021.  It is not expected that this delay will have any impact on the figures contained within the results.

Quixant confirms that the financial results are slightly ahead of previous guidance. Improved trading and a return to profitability in the second half of the year led to unaudited Group revenue for the year ended 31 December 2020 of $63.8m (2019: $92.3m) and adjusted pre-tax profit of $1.3m (2019: $10.7m). Unaudited net cash at 31 December 2020 was $17.4m (2019: $16.1m). 

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

For further information please contact:

 

Quixant plc

Jon Jayal, Chief Executive Officer

Andrew Jarvis, Interim Chief Financial Officer

 

Tel: +44 (0)1223 892 696

Nominated Adviser and Broker:

finnCap Ltd

Matt Goode / Simon Hicks (Corporate Finance)

Alice Lane (ECM)

 

Tel: +44 (0) 20 7220 0500

Joint Broker:

Canaccord Genuity Limited

Simon Bridges / Andrew Potts

 

Tel: +44 (0) 20 7523 8000

Financial PR:

Alma PR

John Coles / David Ison / Kieran Breheny

Tel: +44 (0)20 3405 0205

 

 

About Quixant

 

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming and broadcast industries. The Company is headquartered in Cambridge in the UK, with offices throughout Europe, North America and Asia.  Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support teams based in Italy and Slovenia. All the specialised products software and manufacturing are produced in-house and Quixant owns all its own IP some of which is protected by patents and design rights.

 

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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