Nexteq revenue rises 4% on gaming growth, earnings fall 29%

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices slide over 2% on Iraq-Kurdish supply deal; Iran fears persist Up 31%+, this AI-picked energy infrastructure play is a Middle East conflict win Wall Street extends this week’s rebound a day ahead of Fed interest rate decision Oil inventories seen falling to record lows in April amid Hormuz disruptions FLASH SALE (South Africa Philippines Nigeria) FLASH SALE Nexteq revenue rises 4% on gaming growth, earnings fall 29% By Editor Maria Ponnezhath Stock Markets Editor Maria Ponnezhath Published 03/18/2026, 03:21 AM Nexteq revenue rises 4% on gaming growth, earnings fall 29% 0 NXQ 0.66% Investing.com - UK technology solutions provider Nexteq reported full-year revenue of $90.20 million, up 4% from the prior year, driven by growth in its gaming segment. Adjusted earnings per share fell 29% to $0.04 as gross margin declined to 32.8% amid higher component prices. The company reported adjusted pretax profit of $3.60 million and pretax profit of $3.20 million. Quixant gaming hardware platform sales rose during the period, with new customer wins and expanded product offerings offsetting reduced volumes from the historically largest customer. The gross margin decline was attributed to higher memory component prices and changes in customer and product mix, particularly as AI-driven demand tightened DDR4 and DDR5 supply. Revenue concentration risk materialized as the largest customer was acquired, leading to a 70% drop in its volume and requiring Nexteq to diversify and replace lost sales at lower margins. The company completed a share buyback and acquired a new Taipei office, funded partly by mortgage. Nexteq expects reduced Quixant revenue in 2026 following the acquisition of its largest customer. The company said component shortages, tariffs and geopolitical risks are creating customer uncertainty in 2026. The company now targets $108 million revenue, 35-38% gross margin and 10-15% EBITDA margin by end-2028. Th...