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The latest update is out from Quixant ( (GB:NXQ) ).
Nexteq plc announced its audited full-year results for 2024, revealing a challenging year marked by a 24% drop in group revenue due to destocking and economic conditions. Despite a decrease in revenue and profit, the company maintained high margins and customer satisfaction, introduced new products, and restructured its organization under a new leadership team. The company is optimistic about its three-year growth plan, aiming to leverage its strong cash reserves and innovative technology solutions to drive future growth and diversification.
More about Quixant
Nexteq plc is a strategic technology solutions provider serving selected industrial markets. The company enables manufacturers of global electronic equipment to outsource the design, development, and supply of non-core aspects of their products, allowing them to focus on critical business drivers. Nexteq operates two brands: Quixant, specializing in computer platforms, and Densitron, known for human-machine interface technology. The company operates globally, with a significant presence in Asia, and services over 500 customers across 47 countries.
YTD Price Performance: 7.09%
Average Trading Volume: 95,386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £40.72M
Learn more about NXQ stock on TipRanks’ Stock Analysis page.
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