10th Dec 2020 17:33
Quixant PLC - Cambridge-based technology outsourcer for gaming industry - Says trading in core gaming market has exceeded expectations since interim results release in September. Now expects to report full year adjusted pretax profit of at least USD1 million on revenue of at least USD61 million.
Chief Executive Jon Jayal says: "Given the magnitude of the impact of Covid-19 on the global gaming industry, I am delighted that trading has recovered to the extent that we will be able to more than offset the loss in the first half and report a profit for the year. Our business has been supported by the resiliency of Densitron through the pandemic, enabling us to also maintain a strong net cash position."
"While the macro-economic environment remains uncertain, there are encouraging signs our customers are preparing for improving conditions during 2021," he adds.
Current stock price: 146.00 pence
Year-to-date change: down 36%
By Lucy Heming;Â [email protected]
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