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Quixant PLC (QXT)

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Thursday 19 July, 2018

Quixant PLC

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: +44 (0) 1223 892696

 

Jon Jayal (Chief Executive Officer)

Cresten Preddy (Chief Financial Officer)

 

 

 

Nominated Adviser and Broker:

 

finnCap Ltd

Tel: +44 (0) 20 7220 0500

Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance)

Alice Lane (Corporate Broking)

 

 

 

Financial PR:

Tel: +44 (0) 20 3865 9667

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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