Analyst Research Report Snapshot

Title:

QUIXANT - GATHERING PACE

Price:

$10.00

Provider:

Edison Investment Research

Date:

10 Sep 2013

Pages:

5

Type:

AcrobatPDF

Companies referenced:

QXT.L

Available for Immediate Download
Summary:

Interim results were in line with expectations and sales to the two new ‘tier 2’ manufacturers are gathering momentum, underpinning our forecast of a strong H2. Our full year estimates are unchanged and June net cash of $5.2m puts Quixant in a strong financial position. Quixant operates in a niche gaming computing segment and having achieved impressive growth on the back of one major customer, it is now gaining traction with a broad range of new customers. The shares have performed very well since the AIM listing in May and the prospective P/E of 19.7x is in line with the peer group average.

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