Quixant plc (AIM: QXT) – great results and plenty to play for!
The leading provider of specialised computing platforms for casino gaming machine applications announced excellent results for the year ending 31st December 2014. This highly business appears to have a rosy future.
Quixant, founded in 2005, designs and manufactures complete advanced hardware and software solutions (Gaming Platforms) for the pay-for-play gaming and slot machine industry. The Company is headquartered in Balsham, just outside of Cambridge, in the UK. The Group has its own manufacturing and engineering operation in Taiwan. Revenue for the year grew a whopping 32% to US$31.9m, adjusted profit before tax increased 18% to US$7.2m and adjusted (adding back share based payments) fully diluted EPS grew 21% to US$0.0941 per share. The full year dividend was lifted 20% to 1.2p per share although it remains a token. Customer concentration fell…