Nexteq's H1 revenue fell 34% to $26.7m, driving a statutory operating loss of $4.8m versus a $0.4m profit. Net cash fell to -$1.4m from $25.0m after a $12.0m Taiwan mortgage, though an agreed property sale is expected to lift net cash by over $15m.
Nexteq plc's Densitron brand has won a new order from a new automotive-electronics customer for customised displays in an electric delivery vehicle application. Production is expected to start in H2 FY2026, with volumes anticipated to materially increase over the following three years as the customer's rollout expands.
Nexteq has received a mass-production order from a new professional audio-visual customer for a Tactila-enabled display solution. The contract is expected to begin in H2 2026, with unit volumes increasing over four years.
Nexteq expects H1 2026 revenue of c.$26.7m versus $40.7m a year earlier, in line with revised expectations, and has kept its FY26 outlook unchanged. Quixant revenue is expected at c.$12.7m versus $26.9m.