Quixant is the world's premier company focused exclusively on the design and manufacture of the most advanced PC based computer systems for the global gaming industry. Based in the UK, Quixant currently has subsidiary companies in Italy, USA and Taiwan with customers in every region of the world.

Quixant was established by a core team of individuals with many years experience of the design, manufacture and sales of specialised systems to the global slot machine industry. Our systems are in use by blue chip slot manufacturers all around the world. Our in-depth knowledge of all aspects of gaming machines allows us to bring genuine innovation and significant benefits to our customers. Our systems are not just motherboards, they are complete solutions that solve real problems and deliver maximum value.

The combination of global design and support staff and our own manufacturing facility in Taiwan makes Quixant an unbeatable proposition for any leading edge slot machine vendor. Quixant specialises in working closely together with its customers to enable truly ground breaking results to be achieved.

Quixant’s continuous investment in new technology, products and service are testament to our long-term commitment to be the best supplier in the industry to the world’s premier gaming companies.

(QXT:AIM)

http://www.quixant.com/

Final Results
RNS
RNS Number : 2384I
Quixant PLC
24 March 2015

24 March 2015

Quixant plc

("Quixant" or the "Company")



Final Results



Quixant (AIM: QXT), a leading provider of specialised computing platforms for casino gaming machine applications, is pleased to announce its Final Results for the year ended 31 December 2014.

Highlights


· Revenue growth of 32% to $31.9 million (2013: $24.2 million)

· Adjusted EBITDA1 increased 22% to $7.9 million (2013: $6.5 million)

· Adjusted profit before tax1 increased 18% to $7.2 million (2013: $6.1 million)

· Adjusted fully diluted EPS2 of $0.0941 per share (2013: $0.0777 per share)

· Proposed full year dividend of 1.2p per share (2013: 1.0p)

· Net cash from operating activities of $2.1 million (2013: $2.5 million)

1. Adjusted by adding back $0.16 million in respect of share based payments (2013: $0.11 million).



2. Adjusted by adding back $0.16 million in respect of share based payments and subtracting the associated tax effect of $0.032 million (2013: $0.11 million adjustment less tax effect of $0.023 million).

Operational highlights


· Further penetration of Tier 1 and Tier 2 customer segments and overall growth of customer numbers.

· Significant investment for future growth with an increase in human resources and enhancements in facilities and infrastructure.

· Launch of new high and low end products.



Nick Jarmany, CEO of Quixant commented: "I am pleased that we are again reporting strong growth in revenue and profits, in line with market expectations. We continue to attract new customers, both large and small, as the benefits of outsourcing computer platform development become more widely adopted.



There has been widespread M&A activity amongst the larger gaming manufacturers which has resulted in them seeking increased efficiencies. I believe this could be of significant benefit to Quixant and look forward to 2015 and beyond with confidence."


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24 Mar Numis 190.00 Buy
24 Mar finnCap 195.00 Corporate

Trading Update and Notice of Results
RNS
RNS Number : 6804T
Quixant PLC
22 July 2015

22 July 2015

Quixant plc

("Quixant" or the "Company")

Trading Update and Notice of Results

Quixant (AIM:QXT), a leading provider of specialised computing platforms for casino gaming and slot machine applications, is pleased to announce an update on trading for the six month period ended 30 June 2015.

Trading over the first six months of the year was in line with management's expectations and we enter the second half with a strong order book.

The Company's interim results for the six months ended 30 June 2015 are expected to be announced on 16th September 2015.

Nick Jarmany, Chief Executive of Quixant, commented: "We are pleased with our progress over the first 6 months of the year. There has been significant M&A among larger manufacturers over the last year which will increase their focus on cost efficiencies. We anticipate that long term this should prove of significant benefit to Quixant."

Half Yearly Report
RNS
RNS Number : 1636Z
Quixant PLC
16 September 2015

16 September 2015

Quixant plc

("Quixant" or the "Company")



Interim Results



Quixant (AIM:QXT), a leading provider of specialised computing platforms for casino gaming and slot machine applications, is pleased to announce its interim results for the six months ended 30 June 2015.



1H 2015 Financial Highlights



· Revenue up 10% to US$13.59m (1H 2014: US$12.35m)

· Gross profit up 6% to US$6.00m (1H 2014: US$5.64m)

· Adjusted profit before tax1 up 20% to US$2.70m (1H 2014: US$2.25m)

· Adjusted fully diluted EPS2 up 10% to US$0.032 (1H 2014: US$0.029)

· Net cash from operating activities of US$5.12m (1H 2014: US$2.34m), growth of 119%

· Net cash as at 30 June 2015 of $6.76m (31 December 2014 $3.42m)

· Trading over the half is in line with management expectations

· On target to achieve full year management expectations



1. Profit before tax is adjusted by adding back $0.097 million (1H 2014: $0.082 million) in respect of share based payments.

2. Fully diluted EPS are adjusted by adding back $0.097 million in respect of share based payments and subtracting the associated tax effect of $0.019 million (1H 2014: $0.082 million adjustment less tax effect of $0.016 million).



Nick Jarmany, Chief Executive of Quixant, commented:

"We have again delivered strong growth over the first six months of the year in line with management expectations and enter the second half of the year with a healthy order book, keeping us on track for the full year. We are pleased with our continued progress in expanding the breadth and depth of our customer relationships.



We now have greater clarity on the impact of last year's M&A activity among the larger manufacturers has had on our markets. With their focus on cost efficiencies, we believe that in the long term this will be of considerable benefit to Quixant."



Copies of the interim results of the Company for the six months ended 30 June 2015 are being posted to shareholders today and are available on the Company's website at www.quixant.com.

Quixant (AIM:QXT) winning at the casino. More at http://tinyurl.com/nuvznqq

Half-year Report

RNS


RNS Number : 7586J

Quixant PLC

14 September 2016




14 September 2016



Quixant plc
("Quixant", "Group" or the "Company")



Interim Results



Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, is pleased to announce its interim financial results for the six months ended 30 June 2016. The results include a full six month contribution by Densitron Technologies Ltd, acquired in November 2015.



H1 2016 Financial Highlights
•Group Revenue of $41.3m ◦Quixant core gaming division revenue up 56% to $21.2m (1H 2015 $13.6m)
◦Densitron division revenue of $20.1m

•Group Gross Margin 35% ◦Quixant core gaming division gross margin 42% (1H 2015: 44%)
◦Densitron division gross margin 28%

•Group Adjusted EBITDA1 of $6.0m (1H 2015: $3.1m) ◦Quixant core Gaming division up 52% to $4.7m (1H 2015:$3.1m)
◦Densitron division $1.3m

•Group Pre-tax profit of $4.4m (1H: $2.6m)
•Group Adjusted pre-tax profit1 of $4.5m (1H 2015: $2.7m) ◦Quixant core Gaming division up 27% to $3.4m (1H 2015: $2.7m)
◦Densitron division $1.1m

•Fully diluted EPS of $0.052/share (1H 2015 $0.031/share)
•Adjusted fully diluted EPS2 of $0.052/share (1H 2015: $0.032/share)
•Net cash from operating activities of $6.1m (1H 2015: $5.1m)
•Net debt at 30 June 2016 of $3.3m (31 December 2015: $7.9m)



1. Adjusted by adding back $0.150m in respect of share based payments (1H 2015: $0.097m)

2. Adjusted by adding back $0.150m in respect of share based payments and subtracting the associated tax effect of $0.030m (1H 2015: $0.097m adjustment less tax effect of $0.019m).



Operational Highlights
•Commenced volume shipments of gaming platforms to a Tier 1 side project won in 2015
•Secured side project business with another new Tier 1 for gaming platforms
•Strong growth in gaming monitor business with several customers now in mass production, including a Tier 1 customer
•Delivered strong performance from Densitron division and made strategic enhancements to the business to improve long term revenue growth and profitability.



Nick Jarmany, CEO of Quixant commented: "I am delighted with the performance of the Group over the first six months of the year. Our core gaming business is going from strength to strength and has continued its track record of revenue and profit growth. I am particularly pleased to see our progress in the largest gaming machine manufacturers and our increasingly diversified customer base. As we continue to diversify our customer base and revenue streams our historic second half weighting will reduce.



The Densitron division since acquisition in November 2015 has performed well. We have worked hard to leverage the benefits of the combined business and introduced new strategic initiatives which we believe will enhance performance. We are also being introduced to the wider industrial marketplace and seeing opportunities to leverage Quixant's capabilities and infrastructure in a number of sectors.

Quixant is in an excellent position to continue its track record of profitable growth. Our share of the gaming market is growing fast, although in percentage terms is still relatively modest. We have an excellent reputation and are a highly trusted partner of many major gaming machine manufacturers. Densitron has grown strongly and we believe that the enhancements we have introduced will lead to continued growth in both revenue and profits.

We remain on track to achieve full year market expectations and are well placed to continue our record of strong growth."

10:10 14/09/2016
Broker Forecast - finnCap issues a broker note on Quixant

finnCap today reaffirms its corporate investment rating on Quixant (LON:QXT) and raised its price target to 250p (from 220p). Story provided by StockMarketWire.com