Business
Notice of Results Update
Notice of Results Update.
About this update from Nexteq Plc
[{"type":"text","content":"\n \n \n RNS Number : 5365G\n Quixant PLC\n 18 March 2020\n \n \n \n \n 18 March 2020\n \n \n Quixant plc\n \n \n (\"Quixant\" or the \"Group\")\n \n \n \n \n \n Notice of Results Update\n \n \n Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, announces that the publication of the Group's full year results are subject to a short delay of a week. This is due to the time needed by the Group's auditor, KPMG LLP, to complete its work, together with enhanced internal regulatory scrutiny. \n \n The Board believes the accounts to be substantially complete\n . As announced in its January trading update, the Board expects to report revenue for the year of $92.3m, adjusted profit before tax of $10.7m and net cash of over $16m. The Group remains profitable and cash generative with a strong balance sheet and a net cash position at 29 February 2020 of $18.5m.\n \n \n KPMG have confirmed that they will complete their work so that the Board can release its full year audited results on 31 March 2020.\n \n Naturally the Board is disappointed by the delay. However, it emphasises that this delay relates solely to the additional level of scrutiny required by the auditor's internal sign-off formalities. \n \n \n \n \n \n \n \n \n For further information please contact:\n \n \n \n \n \n \n \n \n Quixant plc\n \n \n \n \n Tel: +44 (0)1223 892 696\n \n \n \n \n \n \n Jon Jayal, Chief Executive Officer\n \n \n Guy Millward, Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Nominated Adviser and Broker:\n \n \n \n \n \n \n \n \n \n \n \n \n \n finnCap Ltd\n \n \n \n \n Tel: +44(0)20 7220 0500\n \n \n \n \n \n \n Matt Goode / Simon Hicks (Corporate Finance)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Alice Lane (Corporate Broking)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Financial PR:\n \n \n \n \n Tel: +44 (0) 20 3405 0205\n \n \n \n \n \n \n Alma PR\n \n \n \n \n \n \n \n \n \n \n \n \n \n John Coles / Hilary Buchanan / Kieran Breheny\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n About Quixant\n \n \n \n \n \n Quixant, founded in 20...