Quixant PLC Trading Update and Notice of Results (4121K)
July 30 2013 - 2:01AM
UK Regulatory
TIDMQXT
RNS Number : 4121K
Quixant PLC
30 July 2013
30 July 2013
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 its trading update for the six month period
ended 30 June 2013. The results are in line with market
expectations for the full year ending 31 December 2013. As stated
in the Company's admission document published in May 2013, whilst
the Company does not experience pronounced seasonality, revenues
tend to be higher in the second half of the financial year. The
Company expects its interim results for the six months ended 30
June 2013 to follow this pattern.
The Company expects to announce its interim results for the six
months ended 30 June 2013 during the week commencing 9 September
2013.
Nick Jarmany, CEO of Quixant, commented: "Our business continues
to develop well, as envisaged at the time of the flotation in May
2013. Quixant has a reliable base of repeat custom due to the long
life of its hardware and software, and expects to continue to gain
market share. The flotation proceeds and a heightened profile as a
public company fully underpin our growth plans. I look forward to
updating the market on our progress in our maiden interim results
as a listed company."
For further information please contact:
Quixant plc Tel: +44 (0) 1223 892696
Nick Jarmany, Managing Director
Jon Jayal, General Manager
Nominated Adviser and Broker:
Smith & Williamson Corporate Finance Limited Tel: +44 (0) 207 131 4000
Azhic Basirov, Siobhan Sergeant, Oliver Cummings
Financial PR:
Newgate Threadneedle Tel: +44 (0) 207 653 9850
John Coles, Fiona Conroy, Hilary Millar
About Quixant
Quixant, founded in 2005, designs and manufactures complete
advanced hardware and software solutions (Gaming Platforms) for the
pay-for-play gaming and slot machine industry. The Company
currently has a total of 56 employees and is headquartered outside
of Cambridge in the UK, with its global sales team, finance,
marketing and administrative functions based at its head office.
Its US subsidiary, based in Las Vegas, is responsible for sales and
sales support to the North American market. Quixant has its own
manufacturing and engineering operation in Taiwan, which has
evolved with the rapid growth of the Company. Quixant's Italian
subsidiary, Quixant Italia, houses the Group's software engineering
and customer support team.
Quixant's high quality, specialised products provide an
all-in-one solution, based on PC technology but with augmentative
hardware features and operating software developed specifically to
address the requirements of the gaming industry. Products feature
innovative mechanical designs which are optimised for operation in
the gaming and slot machine environment. Quixant's proprietary
hardware and embedded software is flexible in its design, enabling
Quixant to easily respond to changes in regulation or customers
operating in different markets or jurisdictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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