Quixant (GB:NXQ) has released an update.
Nexteq anticipates a challenging fiscal year with expected revenue below market expectations due to industry-wide de-stocking and delayed projects, but maintains a robust financial position with a $33 million net cash balance. The company is optimistic about future growth, driven by strategic investments in new products and the appointment of Matt Staight as CFO, succeeding Johan Olivier. Nexteq plans to unveil a growth strategy to investors in early 2025, focusing on long-term expansion.
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