NXQ Nexteq Plc

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. 

26 February 2025 

Nexteq plc 

("Nexteq" or the "Group") 

Capital Markets Event

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, will today host an in-person Capital Markets Event in London at 14:30 for institutional investors and equity research analysts to provide detail on the Group's three-year plan and strategic ambitions for the end of 2027.

The event will be hosted by the Group's recently appointed management team of Duncan Faithfull, CEO, and Matt Straight, CFO, as well as the plc Board members and founders, and will include presentations from senior leaders across the business. The presentations will showcase, through practical demonstrations, the Group's innovative new technology solutions which are being launched across Nexteq's focus markets.

The event will focus on Nexteq's strategy and execution plans to deliver on its three-year organic growth ambitions, targeting revenue of $108m-$120m, gross margin of 35-38% and 10-15% EBITDA¹ margin by the end of 2027. This strategy will be delivered through the Group's granular understanding of its addressable markets, product innovation, deep customer relationships and careful cost management. Organic growth will be augmented by targeted bolt-on M&A to accelerate scale in key addressable market verticals.

Presentations will also cover topics, including:

·    Organisational refocus as 'One Nexteq' providing solid foundations for the Group's next stage of growth, underpinned by excellent people

·    A deeper understanding of Densitron and its key role within Nexteq's growth strategy

·    The opportunity and growth drivers within Nexteq's key verticals of Gaming, Broadcast and Medical

·    Creation of a new Gaming software solution, targeting $4-5m repeatable revenue by the end of 2027

·    Ruthless execution of new product development to facilitate growth in the proportion of products with Nexteq IP

Post-event recording

For those unable to attend in person, a video and associated slides of the event will be made available on the Company's website after the event at  Investor Hub - Nexteq plc.

^[1] Adjusted EBITDA

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business' success.

Our solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our Taiwan operation is at the heart of Asian supply networks and facilitates cost effective manufacturing and strategic supply chain management.

The Group operates in six countries and services over 500 customers across 47 countries.

Nexteq operates two distinct brands: Quixant, a specialised computer platforms provider, and Densitron, leaders in human machine interface technology, each with dedicated sales, account management and product innovation teams. Founded in 2005, and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023.

Further information on Nexteq and its divisions can be found at www.nexteqplc.com.