LONDON (ShareCast) - Gaming machine hardware supplier Quixant has proposed a debut dividend after a transformational year that has seen it deliver encouraging maiden results as an AIM company, with its pipeline doubling in size from a year ago.

Quixant, which raised $5.9m as part of its AIM float in May 2013, increased revenues 12% to $24.2m and operating profits 25% to $6.4m, in line with expectations. A debut dividend of 1p per share has been proposed.

Chief Executive Nick Jarmany said the product was "gaining global recognition" as demonstrated by the increase in large customers.

"Our listing on AIM has further enhanced our perception among large manufacturers and we are confident in achieving strong growth in 2014 and beyond."

Quixant announced it has started to work with a new 'Tier 2' customer, in addition to the pair of similar-sized clients that began taking material shipments from Quixant towards the end of the year.

Said broker Numis: "The current order book is double the size it was a year ago."

House broker FinnCap added Quixant's budding success was based on "developing modern and innovative outsourced solutions to reduce R&D and regulatory burdens on machine manufactures, from small local suppliers to major Tier 1 multi-nationals" and that it expected 'Tier 1' customers to follow suit in the near future".

Shares in Quixant were up 1.7% to 146p at 10:15 on Tuesday.

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