When casino machine tech specialist Quixant (QXT) joined Aim in 2013 its major customer, Ainsworth, accounted for almost all of its revenues. Today Ainsworth contributes just a fifth to the top line thanks to the addition of new platform customers and expansion into gaming monitors. Plus Ainsworth has recently been acquired by market leader Novomatic, sparking speculation that this behemoth of the casino machine world may soon be turning to Quixant for more of its hardware and software needs.
But it's not just this speculation that is getting Quixant's investors excited. The group's 2015 acquisition, monitor business Densitron, contributed $37.4m (£29.9m) of revenue last year, while the existing business also steamed ahead, with revenues up 45 per cent to $53m.