UK's Quixant gains on higher FY revenue

Nexteq

21/03/2023 09:30

** Shares of gaming technology company Quixant  QXT.L  up as
much as 8.41% at 190.8p
    ** Co posts 38% jump in FY revenue to $119.9 mln from $87.1
mln a year earlier 
    ** Says group revenue was driven by double digit revenue
growth across Gaming and Densitron segments 
    ** FY adj. profit before tax jumps 89% to $10.2 mln from
$5.4 mln in 2021
    ** Says healthy order backlog provides visibility into H2
2023
    ** Board proposes to change name of Quixant Plc to Nexteq
Plc, while maintaining Quixant as the Gaming brand and Densitron
as the Broadcast market - Co
    ** As of last close, shares up ~16% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))