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Quixant
(LSE:NXQ)
Select Model
Select Model
Rating:65Neutral
Price Target:
51.00 p
▲(13.33% Upside)
Action:Reiterated
Date:07/25/26
Overall score is driven by a strong, low-debt balance sheet but tempered by compressed margins and weaker/volatile cash generation. Technicals are notably bearish with the price below key moving averages (despite oversold readings), while valuation is supported by a high dividend yield but only moderate earnings multiple.
Positive Factors
Revenue Rebound
The strong 2025 recovery shows that demand can rebound materially after a weaker period. Sustained OEM adoption and gaming-machine refresh cycles could support medium-term growth, although the company must improve consistency beyond the latest recovery.
Negative Factors
Compressed Profit Margins
Thin profitability leaves limited protection against component costs, pricing pressure, or execution setbacks. The decline from prior margin levels suggests that revenue recovery has not yet translated into durable operating leverage or restored historical returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
The strong 2025 recovery shows that demand can rebound materially after a weaker period. Sustained OEM adoption and gaming-machine refresh cycles could support medium-term growth, although the company must improve consistency beyond the latest recovery.
Read all positive factors
Quixant (NXQ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£25.19M
Dividend Yield8.86%
Average Volume (3M)35.19K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-7.13%
EPS Growth-29.79%
CountryUK
Employees212
SectorConsumer Cyclical
Sector Strength84
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.06
Shares Outstanding54,174,130
10 Day Avg. Volume21,223
30 Day Avg. Volume35,187
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.78
Price to Sales (P/S)0.60
P/FCF Ratio20.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£73.00M
Quixant Business Overview & Revenue Model
Company Description
Nexteq is a technology solutions provider to industrial markets. The company operates through two brands: Quixant, which designs and manufactures gaming platforms and display solutions for the casino and slot machine industry, and Densitron, which...
How the Company Makes Money
Quixant makes money mainly by selling gaming-optimized computing hardware and associated software/services to gambling equipment manufacturers (OEMs). Its core revenue stream is product sales of embedded computing platforms (e.g., gaming- and casi...
Quixant Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.91M | 92.12M | 86.68M | 114.35M | 119.87M | 87.13M |
| Gross Profit | 24.14M | 30.23M | 31.11M | 41.52M | 38.55M | 25.90M |
| EBITDA | -86.20K | 5.31M | 4.54M | 16.42M | 12.24M | 8.31M |
| Net Income | -3.48M | 1.97M | 311.00K | 10.90M | 10.99M | 3.56M |
Balance Sheet | ||||||
| Total Assets | 87.01M | 89.00M | 85.49M | 102.86M | 79.78M | 94.67M |
| Cash, Cash Equivalents and Short-Term Investments | 10.73M | 25.32M | 29.47M | 28.41M | 11.23M | 13.55M |
| Total Debt | 14.05M | 2.48M | 2.74M | 2.15M | 2.40M | 2.69M |
| Total Liabilities | 29.97M | 18.48M | 14.87M | 20.51M | 19.75M | 30.59M |
| Stockholders Equity | 57.05M | 70.53M | 70.62M | 82.35M | 60.03M | 64.08M |
Cash Flow | ||||||
| Free Cash Flow | -17.55M | 2.71M | 10.11M | 17.52M | -1.61M | 1.63M |
| Operating Cash Flow | -843.17K | 4.55M | 12.97M | 19.75M | 802.00K | 3.20M |
| Investing Cash Flow | -19.44M | -4.17M | -1.51M | -1.77M | -2.78M | -2.17M |
| Financing Cash Flow | 2.51M | -4.51M | -10.64M | -3.22M | -2.51M | -2.71M |
Quixant Technical Analysis
Negative
45.00
Price Trends
49.00
Negative
53.56
Negative
62.06
Negative
Market Momentum
-0.68
Positive
28.62
Positive
20.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:NXQ, the sentiment is Negative. The current price of 45 is below the 20-day moving average (MA) of 47.78, below the 50-day MA of 49.00, and below the 200-day MA of 62.06, indicating a bearish trend. The MACD of -0.68 indicates Positive momentum. The RSI at 28.62 is Positive, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:NXQ.
Quixant Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £41.90M | 10.54 | 8.41% | 6.22% | -3.78% | -43.43% | |
72 Outperform | £236.19M | 42.43 | 11.21% | 0.45% | 7.62% | 7.71% | |
65 Neutral | £25.19M | -9.28 | -5.45% | 8.86% | -7.13% | -29.79% | |
64 Neutral | £54.27M | -34.78 | -5.25% | 2.24% | -19.44% | -132.34% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | £5.55M | -5.30 | -41.54% | 4.64% | -1.04% | -398.21% | |
39 Underperform | £77.49M | -38.75 | -2.17% | 1.04% | -38.65% | -792.57% |
* Consumer Cyclical Sector Average
GB:NXQ
Quixant
44.00
-31.48
-41.70%
GB:CCT
Character
313.00
36.34
13.14%
GB:CNC
Concurrent Technologies
255.00
36.96
16.95%
GB:IGR
IG Design
86.00
31.96
59.15%
GB:TST
Touchstar
70.00
-11.52
-14.13%
GB:ULTP
Ultimate Products plc
49.00
-9.69
-16.50%
Quixant Corporate Events
Other
Nexteq Chair Boosts Stake with Fresh Share Purchase
Positive
Jul 31, 2026
Nexteq plc, the AIM-listed strategic technology solutions provider to industrial markets, supports manufacturers of electronic equipment by taking on non-core design, development and supply tasks. The group, operating through its Quixant and Densi...
Business Operations and StrategyProduct-Related Announcements
Nexteq’s Densitron Wins Mass Production Deal for Tactila-Based Pro-AV Display System
Positive
Jul 29, 2026
Nexteq’s Densitron brand has secured a mass production purchase order for a professional audio-visual integrated display solution incorporating its Tactila technology, combining display, human machine interface and tactile control in next-ge...
Business Operations and Strategy
Nexteq Audit Chair Increases Stake, Signalling Confidence in Growth Strategy
Positive
Jul 28, 2026
Nexteq has disclosed that Deborah Wilkinson, Non-Executive Chair of its Audit and Risk Committee, purchased 11,078 ordinary shares at 48.68 pence each, increasing her total holding to 23,006 shares, equivalent to 0.04% of the company’s issue...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Nexteq warns of sharp H1 revenue drop as gaming arm struggles and co-founder departs board
Negative
Jul 24, 2026
Nexteq reported first-half 2026 revenue of about $26.7m, down sharply from $40.7m a year earlier, as its Quixant land-based gaming division suffered from weak North American demand, tariff pressures, higher component costs and a major customer con...
Business Operations and StrategyExecutive/Board Changes
Nexteq grants performance-based share options to senior executives
Positive
Jun 30, 2026
Nexteq plc has granted 675,675 performance share award options under its 2022 Long Term Incentive Plan to senior management, including Group CEO Duncan Faithfull and Group CFO Matt Staight. The awards, exercisable at the nominal share value, lift ...
Business Operations and StrategyShareholder Meetings
Nexteq Wins Full Shareholder Backing as All AGM Resolutions Pass
Positive
May 22, 2026
Nexteq plc reported that all resolutions proposed at its Annual General Meeting held on 22 May 2026 were passed, with proxy voting results showing strong shareholder support across both ordinary and special resolutions. The outcomes confirm contin...
Business Operations and StrategyFinancial Disclosures
Nexteq Cuts 2026 Revenue Outlook but Pins Hopes on 2027 Recovery
Negative
May 21, 2026
Nexteq plc has warned that revenue for 2026 will fall below prior expectations as its Quixant division, which targets the land-based gaming market, is hit by higher costs for critical memory and storage components and the indirect impact of US tar...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.