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7 March, 2006 - 17:22 By Staff Reporter

NXT revenues up

Huntingdon based sound solutions provider, NXT, increased revenues 42 per cent to £1.73m in the six months to the end of December. Huntingdon based sound solutions provider, NXT, increased revenues 42 per cent to £1.73m in the six months to the end of December.

Operating losses narrowed to £1.74m from £2.74m.

A total of 3.7 million speakers were shipped in the half – 72 per cent ahead – while royalty receipts increased by 34 per cent to £0.88m.

Significantly, the first mass market cars with NXT technology were announced and new products in key sectors were launched by Kensington, Logitech, NEC, Philips and Hitachi.

MacKay warned that NXT faced a number of challenges in the short term and, as a result, revenue growth in the second half would be restrained. “We anticipate only marginal progress over first-half levels,” he said.

He felt this was merely a “temporary hiatus” and that NXT was well positioned to continue its progress towards sustainable profitability.

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