Quixant performing in line with expectations

Quixant, a technology provider to the gaming industry, said that its results for calendar year 2016 will be in line with expectations after record sales of gaming monitors and growth in customer numbers.

The AIM-listed company said that sales of its core gaming platforms continued to build through the year, resulting in record sales and demand for gaming monitors, which exceeded the company’s expectations.

Meanwhile, the electronic screen manufacturing business Densitron, which the company bought in December 2015 for £7.7m, performed “extremely well” during the year.

Chief executive Nick Jarmany said: "We have had an outstanding year enjoying strong growth across all of our product ranges … I am very pleased with growth in customer numbers including the largest global manufacturers for our gaming platforms which gives us confidence that we can continue to grow sales in the long term.”

He added that Quixant has started 2017 well with continued growth.

Results for 2016 will be published on 22 March.

Shares in Quixant were down 2.13% to 345p at 1102 GMT.