Annonce • Jul 25
Nexteq plc Provides Earnings Guidance for the First and Second Half of 2026 Nexteq plc provided earnings guidance for the first and second half of 2026. Group H1 revenue for the six-month period is expected to be c. $26.7 million (H1 2025: $40.7 million). This reflects a robust performance in the displays division, trading under the Densitron brand, with revenue anticipated to be c. $13.9 million (H1 2025: $13.8 million), in line with expectations. As previously announced, the land-based gaming division, trading under the Quixant brand, continues to face difficult trading conditions, with revenue anticipated to be c. $12.7 million (H1 2025: $26.9 million).
H2 2026 revenue is expected to significantly exceed H1, in line with the traditional revenue pattern of the Group, with full year outcome remaining in line with recent market communication. Annonce • Jun 04
Nexteq plc to Report First Half, 2026 Results on Sep 09, 2026 Nexteq plc announced that they will report first half, 2026 results on Sep 09, 2026 Major Estimate Revision • May 22
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$85.0m to US$73.0m. Forecast loss of -US$0.025, down from profit of US$0.0097 per share profit previously. Hospitality industry in the United Kingdom expected to see average net income growth of 9.8% next year. Consensus price target broadly unchanged at UK£1.80. Share price fell 21% to UK£0.52 over the past week. Annonce • Apr 30
Nexteq plc, Annual General Meeting, May 22, 2026 Nexteq plc, Annual General Meeting, May 22, 2026. Location: huckletree bishopsgate, 8 bishopsgate, ec2n 4bq, london United Kingdom Upcoming Dividend • Apr 23
Upcoming dividend of UK£0.039 per share Eligible shareholders must have bought the stock before 30 April 2026. Payment date: 29 May 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.5%). Declared Dividend • Mar 20
Dividend of UK£0.039 announced Shareholders will receive a dividend of UK£0.039. Ex-date: 1st May 2026 Payment date: 30th May 2026 Dividend yield will be 5.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (296% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Annonce • Mar 19
Nexteq plc Proposes Dividend for the Year Ended 31 December 2025, Payable on 30 May 2026 Nexteq plc's board proposed a dividend of 3.9 pence per share for the year ended 31 December 2025 (2024: 3.7 pence per share). This dividend will be payable on 30 May 2026 to all Shareholders on the register on 2 May 2026. The corresponding ex-dividend date is 1 May 2026. New Risk • Mar 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 300% Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 300% Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (UK£42.2m market cap, or US$56.1m). Reported Earnings • Mar 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$0.032 (up from US$0.005 in FY 2024). Revenue: US$90.2m (up 4.1% from FY 2024). Net income: US$1.93m (up US$1.61m from FY 2024). Profit margin: 2.1% (up from 0.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Annonce • Feb 04
Nexteq plc Announces the Official Launch of Launchpad, a New Gaming Software Platform for Its Gaming Brand, Quixant Nexteq announced the official launch of Launchpad, a new Gaming Software platform for its Gaming brand, Quixant. Unveiled at ICE Barcelona 2026, Launchpad is designed to make it simpler and faster for customers to develop and run land-based casino games, such as slot machines, in regulated markets worldwide. It is powered by Quixant's established Software Suite, which has been used in the field for more than 20 years, and helps customers bring new games to market more efficiently, with reliable performance and built-in regulatory support - which is critical in gaming, where strict regulatory standards for fairness, security and player protection must be met before games can be approved for deployment. It builds on the Group's existing strengths, creating new customer opportunities while strengthening and expanding the Group's offer to existing hardware customers through added services and software-enabled support, helping drive deeper, longer-term relationships over time. Launchpad is optimised for Quixant hardware and can be integrated into existing customer systems. This allows game developers and gaming machine manufacturers to focus on creating engaging content and player experiences, while Quixant provides the underlying software platform that supports security, compliance and game operations. Launchpad is built for the global land-based gaming market and is adaptable across different regulatory environments. It also supports online game providers who want to enter the land-based casino sector, where requirements are typically more complex and certification is essential. By providing a ready-made, compliant software foundation, Launchpad offers these customers a faster and lower-risk route into land-based deployment. Launchpad has been pre-tested by GLI (Gaming Laboratories International), one of the world's leading independent testing and certification bodies for regulated gaming. GLI testing is an important step in the approval process for gaming products, and this pre-testing helps customers to speed up formal certification and deployment in regulated jurisdictions. The benefits include faster time-to-market, lower total cost of ownership, seamless integration, flexibility and optimised performance, with ongoing support through the Quixant Hub, their dedicated resource and support portal. Launchpad was extremely well received at ICE Barcelona 2026, with strong interest from both existing Quixant customers and new prospects, with discussions now advancing as adoption builds. Annonce • Jan 19
Nexteq plc Reconfirms Earning Guidance for the Year Ending December 31, 2025 and Fiscal Year 2026 Nexteq plc reconfirmed earning guidance for the year ending December 31, 2025 and Fiscal year 2026. For the year 2025, the company reconfirmed that trading is expected to be in line with market expectations.
For the Fiscal year 2026, the company remains in line with previous guidance. Annonce • Jan 09
Nexteq plc (AIM:NXQ) commences an Equity Buyback Plan for 5,988,515 shares, representing 11.25% of its issued share capital, under the authorization approved on September 18, 2025. Nexteq plc (AIM:NXQ) commences share repurchases on January 7, 2026, under the program mandated by the shareholders in the Annual General Meeting held on September 18, 2025. As per the mandate, the company is authorized to repurchase up to 5,988,515 shares, representing 11.25% of its issued share capital. The minimum price which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 5% above the average of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority will either be cancelled and the number of shares in issue reduced accordingly, or will be held in treasury. The authority shall expire on the conclusion of the next Annual General Meeting. As of September 1, 2025, the company had 59,885,154 issued shares including 6,653,906 treasury shares.
On December 19, 2025, the company announced a share repurchase program. Under the program, the company will repurchase up to £5.4 million worth of its shares. The purpose of the program is to provide short-term liquidity for the ordinary shares. The program will commence from today and will be valid till next annual general meeting of the company. Annonce • Oct 30
Nexteq plc Announces Appointment of Deborah Wilkinson as Independent Non-Executive Director and Chair of the Audit & Risk Committee, Effective 30 October 2025 Nexteq PLC,announced the appointment of Deborah Wilkinson to the Board of Directors as Independent Non-Executive Director and Chair of the Audit & Risk committee, effective 30 October 2025. Deborah brings significant finance expertise to Nexteq from both private and public companies, as well as strong technology industry experience. She served as Chair of the Audit and Risk Committee and thereafter the Chair of the Remuneration Committee up until June 2025 at Pennant International Group plc, a company providing training and equipment to the defence sector. Prior to Pennant, she held several Executive Board positions at IrvinGQ Limited, a defence manufacturing company, including Finance Director, Sales & Marketing Director and CEO. Deborah is currently a Non-Executive Director at Novomorphic Limited and at Compound Semiconductor Applications Catapult Limited, where she is Chair of the Audit and Risk Committee. Deborah is a Fellow of the Institute of Chartered Accountants England and Wales, having trained with Deloitte and holds a BEng (Hons) in Mechanical Engineering. Current directorships/partnerships: Compound Semiconductor Applications Catapult Limited; Novomorphic Limited; TDI Properties Limited. Former directorships/partnerships (within the last five years):Black Mountains Gliding Club; Pennant International Group Plc; TDI Financial Services Limited. Reported Earnings • Sep 15
First half 2025 earnings released: EPS: US$0.011 (vs US$0.058 in 1H 2024) First half 2025 results: EPS: US$0.011 (down from US$0.058 in 1H 2024). Revenue: US$40.7m (down 16% from 1H 2024). Net income: US$632.0k (down 84% from 1H 2024). Profit margin: 1.6% (down from 8.1% in 1H 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annonce • Sep 11
Nexteq plc to Report Fiscal Year 2025 Results on Mar 19, 2026 Nexteq plc announced that they will report fiscal year 2025 results on Mar 19, 2026 Buy Or Sell Opportunity • Aug 11
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to UK£0.75. The fair value is estimated to be UK£0.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.0%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 62% per annum over the same time period. Annonce • Jul 22
Nexteq plc to Report First Half, 2025 Results on Sep 10, 2025 Nexteq plc announced that they will report first half, 2025 results on Sep 10, 2025 Upcoming Dividend • Apr 24
Upcoming dividend of UK£0.037 per share Eligible shareholders must have bought the stock before 01 May 2025. Payment date: 30 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.0%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (2.2%). Annonce • Apr 04
Nexteq plc, Annual General Meeting, Apr 29, 2025 Nexteq plc, Annual General Meeting, Apr 29, 2025. Location: the company offices, the galleria, station road, rh10 1ww, crawley United Kingdom Annonce • Apr 03
Nexteq PLC Appoints Carol Thompson as Non-Executive Chair, Effective 2 April 2025 Nexteq PLC announced that, following an extensive selection process, Carol Thompson, currently independent Non-Executive Director, has been appointed as Non-Executive Chair with immediate effect. Carol has been a member of the Board since September 2022, serving as Audit and Risk Committee Chair and as a member of the Remuneration Committee. Interim Chair, Nick Jarmany, will remain on the Board of Nexteq PLC in the capacity of Non- Executive Deputy Chair, and will act as a mentor to the technology leadership in the business. The Board will immediately commence the process for recruiting an additional Independent Non-Executive Director. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 67% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 7x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (UK£38.9m market cap, or US$50.5m). New Risk • Mar 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (UK£38.0m market cap, or US$49.4m). Reported Earnings • Mar 20
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.005 (down from US$0.16 in FY 2023). Revenue: US$86.7m (down 24% from FY 2023). Net income: US$311.0k (down 97% from FY 2023). Profit margin: 0.4% (down from 9.5% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 88%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annonce • Mar 20
Nexteq plc Proposes Dividend for the Year Ended 31 December 2024, Payable on 30 May 2025 The Board of Nexteq plc proposed a dividend for the year ended 31 December 2024 of 3.7 pence per share (2023: 3.3 pence per share). This dividend will be payable on 30 May 2025 to all Shareholders on the register on 2 May 2025. The corresponding ex-dividend date is 1 May 2025. Major Estimate Revision • Jan 16
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$85.0m to US$86.7m. EPS estimate fell from US$0.05 to US$0.041 per share. Net income forecast to shrink 79% next year vs 28% growth forecast for Hospitality industry in the United Kingdom . Consensus price target down from UK£1.52 to UK£1.44. Share price was steady at UK£0.65 over the past week. Buy Or Sell Opportunity • Jan 15
Now 21% overvalued Over the last 90 days, the stock has fallen 28% to UK£0.65. The fair value is estimated to be UK£0.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to decline by 19% in a year. Earnings are forecast to decline by 79% in the next year. Annonce • Jan 15
Nexteq plc to Report Fiscal Year 2024 Results on Mar 19, 2025 Nexteq plc announced that they will report fiscal year 2024 results on Mar 19, 2025 Annonce • Sep 10
Nexteq plc Reaffirms Earnings Guidance for the Year Ending 31 December 2024 Nexteq plc reaffirmed earnings guidance for the year ending 31 December 2024. Profit and revenue expected to be in line with revised expectations as set out in July trading update. The current range of forecasts for the year ended 31 December 2024 is revenue of between $94.0 million and $96.0 million. Annonce • Aug 14
Nexteq plc Announces Board Changes Nexteq announced that Nick Jarmany, Non-Executive Deputy Chair, will assume the role of Interim Chair with immediate effect whilst the Board continues with the process to recruit a permanent Chair. Accordingly, Francis Small has now stepped down from his role as Chair of the Group. Nick is a founding Director of Quixant and was the Group's Chief Executive Officer until 2018 when he became Deputy Chair. Along with a deep familiarity of Nexteq's strategy and operations, Nick has extensive experience across technology markets. Following these changes, the Board comprises six Directors, of which four are Non-Executive Directors - Nick Jarmany (Chairman), Gary Mullins, Duncan Penny and Carol Thompson. Duncan Penny and Carol Thompson are independent Non-Executive Directors. Major Estimate Revision • Jul 25
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$115.4m to US$95.0m. EPS estimate fell from US$0.158 to US$0.091 per share. Net income forecast to shrink 43% next year vs 46% growth forecast for Hospitality industry in the United Kingdom . Consensus price target down from UK£2.73 to UK£1.90. Share price fell 35% to UK£0.80 over the past week. Annonce • Jul 24
Nexteq plc to Report First Half, 2024 Results on Sep 10, 2024 Nexteq plc announced that they will report first half, 2024 results on Sep 10, 2024 New Risk • Jul 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 29% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 29% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annonce • Jul 24
Nexteq plc Announces Board Changes Nexteq announced a transition in its Board of Directors. Francis Small (Non-Executive Chair), Jon Jayal (Chief Executive Officer) and Johan Olivier (Chief Financial Officer) have informed the Board that they will step down from the Board and leave the Group in the coming months. Francis, Jon and Johan intend to continue in their roles until successors have been identified and to facilitate an orderly handover. Processes are already underway for the selection of successors for these roles, and it is anticipated that the appointment of the new independent Non-Executive Chair will be announced shortly. Further announcements will be made in due course. Upcoming Dividend • Jul 18
Upcoming dividend of UK£0.033 per share Eligible shareholders must have bought the stock before 25 July 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (2.1%). Annonce • May 01
Nexteq plc (AIM:NXQ) commences an Equity Buyback Plan for 6,653,906 shares, representing 10% of its issued share capital, under the authorization approved on April 16, 2024. Nexteq plc (AIM:NXQ) commences share repurchases on April 30, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 16, 2024. As per the mandate, the company is authorized to repurchase up to 6,653,906 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is its nominal value and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority will either be cancelled and the number of shares in issue reduced accordingly, or will be held in treasury. The authority shall expire on the conclusion of the next Annual General Meeting. As of March 27, 2024, the company had 66,539,060 ordinary shares in issue and no shares in treasury.
On April 25, 2024, the company announced a share repurchase program. Under the program, the company intends to commence a limited share buy back program of up to £1 million. The purpose of the program is to provide short-term liquidity for the Group's shares in circumstances where otherwise this is lacking. Annonce • Mar 22
Nexteq plc, Annual General Meeting, Apr 16, 2024 Nexteq plc, Annual General Meeting, Apr 16, 2024, at 09:00 Coordinated Universal Time. Location: Galleria, Station Road Crawley United Kingdom Declared Dividend • Mar 15
Dividend of UK£0.033 announced Shareholders will receive a dividend of UK£0.033. Ex-date: 25th July 2024 Payment date: 23rd August 2024 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 9.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.2% over the next 2 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$0.16 (down from US$0.17 in FY 2022). Revenue: US$114.3m (down 4.6% from FY 2022). Net income: US$10.9m (flat on FY 2022). Profit margin: 9.5% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£1.39, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.72 per share. Major Estimate Revision • Sep 13
Consensus EPS estimates increase by 297% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.033 to US$0.131. Revenue forecast unchanged at US$119.6m. Net income forecast to shrink 28% next year vs 5.9% growth forecast for Hospitality industry in the United Kingdom . Consensus price target down from UK£2.70 to UK£2.63. Share price was steady at UK£1.26 over the past week. Annonce • Sep 08
Nexteq plc Provides Earnings Forecast for the Year Ending 31 December 2023 Nexteq plc provided earnings forecast for the year ending December 31, 2023. For the year company expects revenue of between $119.0 million and $120.1 million with a consensus of $119.6 million. Profit expected to be in line with market expectations for full year on revenues broadly in line with prior year. Reported Earnings • Sep 07
First half 2023 earnings released: EPS: US$0.065 (vs US$0.033 in 1H 2022) First half 2023 results: EPS: US$0.065 (up from US$0.033 in 1H 2022). Revenue: US$56.3m (up 5.6% from 1H 2022). Net income: US$4.34m (up 96% from 1H 2022). Profit margin: 7.7% (up from 4.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Aug 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 6.5% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£1.38, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 22x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£1.20 per share. Annonce • Jul 22
Nexteq plc to Report First Half, 2023 Results on Sep 06, 2023 Nexteq plc announced that they will report first half, 2023 results on Sep 06, 2023 Upcoming Dividend • Jul 20
Upcoming dividend of UK£0.03 per share at 1.8% yield Eligible shareholders must have bought the stock before 27 July 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (6.1%). In line with average of industry peers (1.8%). Board Change • May 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Duncan Penny was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 22
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: US$0.17 (up from US$0.054 in FY 2021). Revenue: US$119.9m (up 38% from FY 2021). Net income: US$11.0m (up 208% from FY 2021). Profit margin: 9.2% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 54%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.93, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Hospitality industry in the United Kingdom. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.51 per share. Annonce • Feb 04
Quixant Launches the QMAX Gaming platform, the Gaming Industry's Most Powerful PC Quixant announced the launch of its QMAX Gaming hardware platform, designed to deliver the highest resolution content, smoothest gameplay, and the ultimate player experience. The new platform is powered by Intel®, offering exceptional GPU performance, and is available with or without a dGPU, allowing customers to increase their hardware performance by adding their graphics card of choice. Highly customizable, it meets the requirements of all major global Gaming jurisdictions, including GLI-11. It comes with Quixant's game-optimizing Software solutions as standard which optimize game development and delivery and allow customers to focus on content development without worrying about regulatory requirements. Major Estimate Revision • Jan 17
Consensus EPS estimates increase by 25% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$115.3m to US$119.9m. EPS estimate increased from US$0.08 to US$0.11 per share. Net income forecast to grow 50% next year vs 9.0% decline forecast for Hospitality industry in the United Kingdom. Consensus price target up from UK£2.43 to UK£2.63. Share price was steady at UK£1.64 over the past week. Annonce • Jan 16
Quixant Plc to Report Fiscal Year 2022 Results on Mar 21, 2023 Quixant Plc announced that they will report fiscal year 2022 results on Mar 21, 2023 Annonce • Sep 13
Quixant Plc Announces Board Appointments Quixant Plc announced the appointments of Carol Thompson and Duncan Penny to the Board as independent Non-Executive Directors, effective 12 September 2022. Carol Thompson brings to Quixant significant finance expertise following a 20-year career in senior finance roles in both private and public companies, as well as strong technology industry experience. Between 2011 and 2015 she held the position of Chief Financial Officer at SSP plc, a global software company. Prior to SSP plc, she was Chief Financial Officer at Electricity North West, and has also served as Group Finance Director at The Tote and IT and Finance Director at Stanley Leisure plc. Carol is currently a Non-Executive Director at Maintel Plc, where she is Senior Independent Director and Chair of the Audit Committee, and Foresight Williams Plc, where she is Chair of the Audit Committee. Carol also acts as a strategic and transaction advisor to private equity. Carol is a Fellow of the Chartered Institute of Management Accountants. Duncan Penny has an exceptional track record of scaling businesses and delivering shareholder value. Duncan served as Chief Executive Officer at XP Power from February 2003 to December 2020 and was previously its Finance Director from April 2000 to 2003. He led the business through transformational growth to being a constituent of the FTSE 250 with a market cap in excess of £1bn. Duncan also served as a non-executive director on the board of Videndum plc (formerly The Vitec Group plc) until May 2022. Earlier in his career, Duncan held senior roles with Dell Computer Corporation and LSI Logic Corporation. Duncan has an MA in Chemistry from Oxford University. Reported Earnings • Sep 07
First half 2022 earnings released: EPS: US$0.033 (vs US$0.011 in 1H 2021) First half 2022 results: EPS: US$0.033 (up from US$0.011 in 1H 2021). Revenue: US$53.3m (up 46% from 1H 2021). Net income: US$2.22m (up 216% from 1H 2021). Profit margin: 4.2% (up from 1.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 21
Upcoming dividend of UK£0.024 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 26 August 2022. Payout ratio is a comfortable 61% and the cash payout ratio is 83%. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (1.2%). Major Estimate Revision • Jul 15
Consensus revenue estimates increase by 14% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from US$95.7m to US$109.5m. EPS estimate increased from US$0.08 to US$0.08 per share. Net income forecast to grow 54% next year vs 2.0% growth forecast for Hospitality industry in the United Kingdom. Consensus price target down from UK£2.63 to UK£2.58. Share price rose 4.2% to UK£1.61 over the past week. Annonce • Jul 14
Quixant Plc to Report First Half, 2022 Results on Sep 06, 2022 Quixant Plc announced that they will report first half, 2022 results on Sep 06, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Senior Independent Director & Non-Executive Chairman Francis Small was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 09
Quixant Plc, Annual General Meeting, May 05, 2022 Quixant Plc, Annual General Meeting, May 05, 2022. Reported Earnings • Apr 06
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: US$0.054 (up from US$0.045 loss in FY 2020). Revenue: US$87.1m (up 37% from FY 2020). Net income: US$3.56m (up US$6.52m from FY 2020). Profit margin: 4.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 9.8%, compared to a 38% growth forecast for the restaurants industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Annonce • Apr 06
Quixant plc Proposes Dividend for the Year Ended December 31, 2021, Payable on 26 August 2022 Quixant Plc's Board proposed a dividend for the year ended 31 December 2021 of 2.4 pence per share (2020: 2.0 pence per share). This dividend will be payable on 26 August 2022 to all shareholders on the register on 29 July 2022. The corresponding ex-dividend date is 28 July 2022. Major Estimate Revision • Jan 14
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from US$79.0m to US$87.1m. EPS estimate unchanged from US$0.045 at last update. Hospitality industry in the United Kingdom expected to see average net income growth of 136% next year. Consensus price target up from UK£2.36 to UK£2.44. Share price rose 3.5% to UK£1.78 over the past week. Annonce • Jan 14
Quixant Plc Provides Earnings Guidance for the Financial Year Ended December 31, 2021 Quixant Plc provided earnings guidance for the financial year ended December 31, 2021. For the period, the company expects full year revenue of $87.1 million, ahead of market expectations. Reported Earnings • Sep 23
First half 2021 earnings released: EPS US$0.011 (vs US$0.046 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$36.5m (up 31% from 1H 2020). Net income: US$702.0k (up US$3.73m from 1H 2020). Profit margin: 1.9% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Annonce • Sep 23
Quixant Plc Announces Revenue Guidance for the Full Year 2022 Quixant Plc announced revenue guidance for the Full year 2022. The Company expects Strong order intake 115% order coverage of full year management revenue expectations and visibility into 2022. Executive Departure • Sep 03
Interim Chief Financial Officer Andrew Jarvis has left the company On the 31st of August, Andrew Jarvis' tenure as Interim Chief Financial Officer ended after 1.1 years in the role. We don't have any record of a personal shareholding under Andrew's name. Andrew is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.75 years. 