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Quixant declares dividend even after swinging to loss | 14 April 2021

14 April 2021 | 07:42am
StockMarketWire.com - Gambling and broadcasting technology group Quixant swung to a full-year loss after the pandemic hurt the casino sector.
Pre-tax losses for the year through December amounted to $2.0 million, compared to a year-on-year profit of $9.4 million. Revenue droppped 31% to $63.8 million.
Adjusted pre-tax profit tumbled to $1.3 million, down from $10.7 million.
Quixant declared a full-year dividend of 2p per share, citing confidence in its prospects.
Considering that our key global gaming market was so materially impacted in 2020 due to the pandemic, I believe that to report an adjusted profit before tax and an improvement in our net cash position from 2019 is a remarkable achievement, chief executive Jon Jayal said. ....

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Quixant still expecting large fall in annual profit | 27 January 2021

27 January 2021 | 07:49am
StockMarketWire.com - Gambling and broadcasting technology group Quixant confirmed that it expected to report a slump in annual profit as the pandemic hurt sales.
Adjusted pre-tax profit was still expected to be at least $1 million, with revenue expected to be $63.8 million, the company said.
For 2019, it had reported adjusted pre-tax profit of $10.7 million and revenue of $92.3 million.
The company had in December forecast a fall in adjusted profit to at least $1 million and revenue of at least $61 million.
I am pleased with our resilient performance during a period which saw disruption of the gaming market during most of the second quarter of 2020 due to Covid-19, chief executive Jon Jayal said. ....

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