Sound progress at NXT
Audio technology group NXT said efforts to launch its flat-panel speaker systems into the aerospace sector were making progress, but admitted that the fast-moving world of consumer electronics would be the key to its short-term growth.
NXT claimed a ‘landmark year’ following final results that showed a 26 per cent increase in revenue to £2.6m. Shipments were two-thirds better than 2004 with 5.1m NXT-enabled loudspeakers leaving the factories. NXT said losses were down sharply thanks to a combination of the extra sales and a £1.7m cost-cutting drive since July 2004.
The firm is best known for its flat-panel loudspeaker technology, which uses small transducers (or ‘exciters’) to generate high-quality sound on a variety of surfaces.
Chairman David MacKay said: ‘This has been a landmark year, with innovative product launches in all our target sectors. We are adequately financed, the brand is benefiting from increasing global consumer awareness and retail distribution continues to grow.’
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