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QXT Quixant Plc

175.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quixant Plc LSE:QXT London Ordinary Share GB00B99PCP71 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 175.00 172.00 178.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Quixant PLC Notice of Results Update (5365G)

18/03/2020 7:00am

UK Regulatory


Quixant (LSE:QXT)
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From Mar 2019 to Mar 2024

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TIDMQXT

RNS Number : 5365G

Quixant PLC

18 March 2020

18 March 2020

Quixant plc

("Quixant" or the "Group")

Notice of Results Update

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, announces that the publication of the Group's full year results are subject to a short delay of a week. This is due to the time needed by the Group's auditor, KPMG LLP, to complete its work, together with enhanced internal regulatory scrutiny.

The Board believes the accounts to be substantially complete . As announced in its January trading update, the Board expects to report revenue for the year of $92.3m, adjusted profit before tax of $10.7m and net cash of over $16m. The Group remains profitable and cash generative with a strong balance sheet and a net cash position at 29 February 2020 of $18.5m.

KPMG have confirmed that they will complete their work so that the Board can release its full year audited results on 31 March 2020.

Naturally the Board is disappointed by the delay. However, it emphasises that this delay relates solely to the additional level of scrutiny required by the auditor's internal sign-off formalities.

For further information please contact:

 
 Quixant plc                           Tel: +44 (0)1223 892 
                                                        696 
 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 / 
  Kieran Breheny 
 
 

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 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NORBDLLFBXLXBBZ

(END) Dow Jones Newswires

March 18, 2020 03:00 ET (07:00 GMT)

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