16th Jan 2023 10:51
Quixant PLC - Cambridge-based technology products provider for gaming and broadcast industries - Upgrades 2022 revenue expectations following positive trading and strong demand for its products. The company says it is expecting revenue of USD119.9 million, an increase of 38% from a year ago, and its highest ever revenue performance. Pretax profit is expected to be slightly ahead of market expectations, the company says.
Chief Executive Officer Jon Jayal says: "Driven by our growth strategy, we have exited the year with a more diversified product set, broader customer base and more robust platform from which to grow."
Current stock price: 172.21 pence, up 3.1% on Monday
12-month change: down 3.0%
By Harvey Dorset, Alliance News reporter
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