QXT has performed much better than feared in the face of unprecedented H1 challenges. COVID-19 closed both casinos and gaming machine factories around the world, halving its Gaming Division revenue. However, Densitron sales and earnings held up well, and swiftly implemented strict financial discipline saw group H1 adj. LBT minimised to just $1.2m, with cash outflow under $2.0m leaving net cash of $14.2m. Following Q3 trading and cash collection, QXT enters Q4 with a very comfortable $17.4m of
30 Sep 2020
Quixant - Beating the odds with a robust H1 performance
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Quixant - Beating the odds with a robust H1 performance
Nexteq PLC (NXQ:LON) | 152 3.8 1.7% | Mkt Cap: 101.5m
- Published:
30 Sep 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
13
QXT has performed much better than feared in the face of unprecedented H1 challenges. COVID-19 closed both casinos and gaming machine factories around the world, halving its Gaming Division revenue. However, Densitron sales and earnings held up well, and swiftly implemented strict financial discipline saw group H1 adj. LBT minimised to just $1.2m, with cash outflow under $2.0m leaving net cash of $14.2m. Following Q3 trading and cash collection, QXT enters Q4 with a very comfortable $17.4m of