Quixant PLC Trading Update and Notice of Results (8023L)
July 24 2017 - 1:00AM
UK Regulatory
TIDMQXT
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: +44 (0) 1223 892696
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap Ltd Tel: +44 (0) 20 7220 0500
Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance)
Simon Johnson / Alice Lane (Corporate Broking)
Financial PR: Tel: +44(0) 20 8004 4218
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTMMGZNKMFGNZM
(END) Dow Jones Newswires
July 24, 2017 02:00 ET (06:00 GMT)
Quixant (LSE:QXT)
Historical Stock Chart
From Apr 2024 to May 2024
Quixant (LSE:QXT)
Historical Stock Chart
From May 2023 to May 2024