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Quixant (NXQ) AI Stock Analysis

GB:NXQ

Quixant

(LSE:NXQ)

Select Model
Rating:60Neutral
Price Target:GBX 42.00â–²(0.00% Upside)
Action:reiterated
Date:10/25/26

The score is led by solid underlying financial resilience from a conservative balance sheet, but is held back by weak technical momentum (broadly below key moving averages with negative MACD) and uneven cash-flow/profitability consistency. Valuation is supported by a very high dividend yield, though the negative P/E reduces confidence in earnings-based valuation.

Positive Factors
Conservative balance sheetVery low leverage gives Quixant financial flexibility and reduces solvency risk during cyclical demand changes. The substantial equity base provides resilience and leaves more capacity to support product investment or absorb weaker operating periods without relying heavily on debt.
Negative Factors
Cash-flow deteriorationThe sharp decline in operating cash flow and free cash flow reduces the reliability of internally generated funding. Although cash generation remains positive, weaker conversion and greater volatility could constrain reinvestment, dividends or other capital allocation if the pattern persists.

Quixant (NXQ) vs. iShares MSCI United Kingdom ETF (EWC)

-60%-40%-20%0%20%40%GB:NXQ-48.24%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
GBP 22.92M
Dividend Yield
9.29%
Average Volume (3M)
45.71K
Price to Earnings (P/E)
-8.8
Beta (1Y)
0.23
Revenue Growth
-7.13%
EPS Growth
-29.79%
Country
UK
Employees
212
Sector
Consumer Cyclical
Sector Strength
61
Industry
Hardware, Equipment & Parts

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 pr...

How the Company Makes Money

Quixant primarily makes money by selling proprietary hardware platforms and related software/firmware solutions to manufacturers of gaming machines and gaming terminals. Its core revenue stream is product sales of specialized, purpose-built computer...

Quixant Financial Statement Overview

Summary

Financials are mixed: a strong, low-debt balance sheet (very low leverage) supports resilience, but profitability remains thin versus prior peaks and cash flow has weakened materially in 2025 with more volatility.

Income Statement

64Positive

Balance Sheet

86Very Positive

Cash Flow

56Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue75.91M92.12M86.68M114.35M119.87M87.13M
Gross Profit24.14M30.23M31.11M41.52M38.55M25.90M
EBITDA-86.20K5.31M4.54M16.42M12.24M8.31M
Net Income-3.48M1.97M311.00K10.90M10.99M3.56M
Balance Sheet
Total Assets87.01M89.00M85.49M102.86M79.78M94.67M
Cash, Cash Equivalents and Short-Term Investments10.73M25.32M29.47M28.41M11.23M13.55M
Total Debt14.05M2.48M2.74M2.15M2.40M2.69M
Total Liabilities29.97M18.48M14.87M20.51M19.75M30.59M
Stockholders Equity57.05M70.53M70.62M82.35M60.03M64.08M
Cash Flow
Free Cash Flow-17.55M2.71M10.11M17.52M-1.61M1.63M
Operating Cash Flow-843.17K4.55M12.97M19.75M802.00K3.20M
Investing Cash Flow-19.44M-4.17M-1.51M-1.77M-2.78M-2.17M
Financing Cash Flow2.51M-4.51M-10.64M-3.22M-2.51M-2.71M

Quixant Technical Analysis

Technical Analysis SentimentNegative
Last Price42.00

Price Trends

50DMA43.90Negative
100DMA47.57Negative
200DMA56.99Negative

Market Momentum

MACD-0.43Negative
RSI46.66Neutral
STOCH50.00Neutral

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 42.00 is above the 20-day moving average (MA) of 41.75, below the 50-day MA of 43.90, and below the 200-day MA of 56.99, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 46.66 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

GB:NXQ against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
GB:CNCGB:CNC76OutperformGBP 265.26M48.5911.21%0.40%7.62%7.71%
GB:CCTGB:CCT64NeutralGBP 52.67M-33.89-5.25%2.30%-19.44%-132.34%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
GB:ULTPGB:ULTP61NeutralGBP 42.40M11.697.63%6.03%-3.48%-36.60%
GB:NXQGB:NXQ60NeutralGBP 22.75M-8.80-5.45%9.29%-7.13%-29.79%
GB:IGRGB:IGR55NeutralGBP 74.40M-37.38-2.17%1.20%――
GB:TSTGB:TST42NeutralGBP 5.55M-5.24-59.56%4.29%-0.23%-3223.26%

* Consumer Cyclical Sector Average

Performance Comparison

-50%0%50%GB:NXQGB:CCTGB:CNCGB:IGRGB:TSTGB:ULTPDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
GB:NXQ and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
GB:NXQQuixant plc42.00-39.61-48.54%
GB:CCTCharacter Group plc305.0037.1113.85%
GB:CNCConcurrent Technologies292.0052.0621.70%
GB:IGRIG Design83.5028.0850.66%
GB:TSTTouchstar plc70.00-1.65-2.30%
GB:ULTPUltimate Products plc50.60-10.93-17.76%

Quixant Corporate Events

Business Operations and StrategyFinancial Disclosures

Nexteq Endures H1 Downturn but Reaffirms Outlook Amid Gaming Headwinds

Negative
Sep 9, 2026

Nexteq reported a sharp first-half revenue decline to $26.7m and a swing to a $4.7m pre-tax loss, as tariffs, component cost inflation and weaker land-based gaming demand weighed on its Quixant business, while Densitron delivered resilient sales and...

Business Operations and StrategyFinancial Disclosures

Nexteq H1 profits slump as gaming headwinds bite, outlook held on strong pipeline

Negative
Sep 9, 2026

Nexteq reported a sharp year-on-year decline in first-half revenue and profitability, as land-based gaming weakness and higher component costs hit its Quixant business, while Densitron delivered resilient sales and record margins. Group revenue fell...

Financial DisclosuresShareholder Meetings

Nexteq schedules investor webcast to present interim 2026 results

Neutral
Aug 27, 2026

Nexteq plc, an AIM-listed strategic technology solutions provider, supports industrial customers by taking on non-core aspects of electronic product design, development and supply. Through its Quixant and Densitron brands, the group offers specialise...

Business Operations and Strategy

Nexteq’s Densitron wins strategic EV display deal, expanding into automotive sector

Positive
Aug 26, 2026

Nexteq’s Densitron brand has secured a strategic design win with a new customer, a leading automotive electronics supplier, to provide customised display and human machine interface solutions for a new electric delivery vehicle platform. The pr...

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 Densitro...

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-gener...

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 issued s...

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.

Date of analysis: Oct 25, 2026