In times of crisis, companies and management tend to be judged by metrics other than the normal key performance indicators.
A case in point is Quixant, which makes hardware, software and display technologies used predominantly by the gaming, broadcast and healthcare sectors.
Its recent interims, hailed by ‘house’ broker, finnCap, as ‘beating the odds’, revealed how management, led by Jon Jayal, was able to navigate some potentially treacherous markets as coronavirus began its deadly global spread in early 2020.
What stood out was not the modest loss, but Quixant’s ability to manage its financial reserves, which were $17.4million as at September 28, 2020, up from just over $16million at the end of last year. It also has $12.4million of undrawn borrowing facilities.
Revenues for the gaming operation halved as casinos from Macau to Vegas shuttered
Cash is king when you are being buffeted by the extraordinary economic turbulence caused by