This Cambridge high flyer has fallen to earth, is it a buying opportunity?
A high-tech stock, combining software and hardware attractions supplying into the vibrant global gaming sector should make for a compelling investment opportunity. Unfortunately Quixant has failed to live up to expectations with a series of profit warnings dragging the share price down precipitously. Our research here considers whether this could be a good time to buy into the previous high flyer or if there could be worse to come.
Quixant (AIM:QXT) was established in 2005 and designs and manufactures complete advanced hardware and software solutions (“Gaming Platforms”) for the pay-to-play gaming and slot machine industry. The Group uniquely combines deep computer and electronic hardware and software engineering experience, a deep understanding of the requirements and regulations of the gaming and slot machine industry and cost effective, high quality manufacturing facilities and systems. Compelling investment credentials, until recently Quixant had compelling investment credentials as a high-tech stock, combining both software and hardware attractions. Up until the beginning of 2019, revenue and profit was growing meaningfully and the business justified a…