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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Quixant Plc    QXT   GB00B99PCP71

QUIXANT PLC

(QXT)
  Report  
Delayed Quote. Delayed London Stock Exchange - 10/18 11:35:16 am
194 GBp   --.--%
10/07QUIXANT : Director/PDMR Transfer Shareholding
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09/17QUIXANT : Second Price Monitoring Extn
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07/23QUIXANT : Trading Update and Notice of Results
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Quixant : Trading Update and Notice of Results

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07/23/2019 | 02:40am EDT

The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

23 July 2019

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 provide an update on trading for the six months ended 30 June 2019.

Revenue and profit before tax are in line with management expectations for the first half and the guidance given in March. A growing order book during H1 positions us well to deliver a strong second half to the year. Gross margin in the first half remained robust.

Jon Jayal, Quixant CEO, said:

'H1 2019 was completed as we expected and reported in March, with the lower than anticipated consumption of some major customers improving as we enter the second half. As a result, full year results will be a little more second half weighted than in previous years, as previously guided. We have continued to convert new business opportunities to orders which positions us well for long term growth.'

The Company's interim results for the six months ended 30 June 2019 are expected to be announced on 24 September 2019.

For further information please contact:

Quixant plc

Tel: +44 (0) 1223 892696

Jon Jayal (Chief Executive Officer)
Guy Millward (Chief Financial Officer)

Nominated Adviser and Broker:

finnCap Ltd

Tel: +44 (0) 20 7220 0500

Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)

Financial PR:

Tel: +44 (0) 20 3405 0205

Alma PR

John Coles

Hilary Buchanan

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.

Disclaimer

Quixant plc published this content on 23 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2019 06:39:01 UTC

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Financials (USD)
Sales 2019 95,9 M
EBIT 2019 12,1 M
Net income 2019 10,2 M
Finance 2019 19,1 M
Yield 2019 1,69%
P/E ratio 2019 15,8x
P/E ratio 2020 12,6x
EV / Sales2019 1,55x
EV / Sales2020 1,31x
Capitalization 167 M
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Technical analysis trends QUIXANT PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 3,21  $
Last Close Price 2,52  $
Spread / Highest target 73,6%
Spread / Average Target 27,7%
Spread / Lowest Target -13,2%
EPS Revisions
Managers
NameTitle
Jonathan Francis Jayal Chief Executive Officer & Executive Director
Michael John Peagram Non-Executive Chairman
Sandra Lowman Operations Director
Guy Leighton Millward Chief Financial Officer
Nicholas Charles Leopold Jarmany Executive Vice Chairman
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