In today’s H1 results, Nexteq has reported H1 revenue growth of +6% yoy to $56.3m, adjusted EBITDA +52% yoy to $7.2m, and net cash of $18.5m following EFCF of +$5.2m. Within the divisions, Quixant achieved +9% yoy growth to $34.3m, as it delivered against a strong order book with gaming shipments +13% yoy to 25.9k, and began delivery of the first mass production order of the turnkey gaming cabinets. Within Densitron, Broadcast delivered +10% yoy growth to $3.4m as existing and new customers cont ....
06 Sep 2023
Nexteq - Strong strategic progress through H1, forecasts reiterated
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Nexteq - Strong strategic progress through H1, forecasts reiterated
Nexteq PLC (NXQ:LON) | 146 0 0.0% | Mkt Cap: 97.4m
- Published:
06 Sep 2023 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
35
In today’s H1 results, Nexteq has reported H1 revenue growth of +6% yoy to $56.3m, adjusted EBITDA +52% yoy to $7.2m, and net cash of $18.5m following EFCF of +$5.2m. Within the divisions, Quixant achieved +9% yoy growth to $34.3m, as it delivered against a strong order book with gaming shipments +13% yoy to 25.9k, and began delivery of the first mass production order of the turnkey gaming cabinets. Within Densitron, Broadcast delivered +10% yoy growth to $3.4m as existing and new customers cont ....