Nexteq

NXQ · AIM · Technology · mcap £22m · 42.0p

Nexteq designs and supplies specialist electronics. Its Quixant division makes computing platforms for casino gaming machines, and its Densitron division makes display and control products for broadcast, automotive and industrial customers.

Target	Promise	Said	Status
2025
31 Dec 2025	More than 10 customers worth $1m or more in 2025	22 Jul 2025	… In progress
	“The Group is on track to deliver an increased number of $1m customers in 2025, up from 10 customers within the $1m cohort in 2024.” Also stated 10 Sep 2025 Result Not yet due.
Today · 11 Oct 2026
2026
31 Oct 2026	Close the Taiwan property sale by October 2026 at a small profit	9 Sep 2026	… In progress
	“The Taiwan property sale is expected to realise a small profit” Status so far Not yet due.
31 Dec 2026	Deliver revenue from the Brazil mass production order in FY26	17 Sep 2025	… In progress
	“This mass production purchase order is expected to deliver revenues in FY26 based on current component lead times” Status so far Not yet due.
31 Dec 2026	Launch DDR-5 variants of key products in 2026 to reduce DDR4 reliance	19 Jan 2026	… In progress
	“The launch of DDR-5 variants of key products is a key risk mitigation strategy which will allow multiple product lines to move away from DDR4 reliance in 2026” Status so far Not yet due.
31 Dec 2026	Cash balance to improve in H2 2026	24 Jul 2026	… In progress
	“The Board expects the cash balance to improve in H2, supported by the Group's normal second-half revenue weighting and the unwind of strategic inventory positions.” Status so far Not yet due.
2027
31 Dec 2027	Gaming software solution with $4-5m repeatable revenue by end 2027	26 Feb 2025	… In progress
	“Creation of a new Gaming software solution, targeting $4-5m repeatable revenue by the end of 2027” Status so far Not yet due.
31 Dec 2027	Return to growth in 2027	21 May 2026	… In progress
	“return to growth in FY2027 as Nexteq continues to build a more diversified and higher-quality revenue base” Also stated 9 Sep 2026 Status so far Not yet due.
2028
31 Dec 2028	Three-year plan financial expectations achieved by end FY28	18 Dec 2025	… In progress
	“the Group's financial expectations set out in its three-year plan will be achieved, however, given the short-term headwinds impacting FY26, delivery is now expected to be delayed by 12 months to the end of FY28” Status so far Not yet due.
2050
31 Dec 2050	Achieve Net Zero emissions by 2050	13 Mar 2024	… In progress
	“We have also committed to achieving Net Zero emissions by 2050 and the organisation was Carbon Neutral in 2023.” Status so far Not yet due.