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PlayAGS | 10-Q: Q2 2024 Earnings Report

PlayAGS | 10-Q: Q2 2024 Earnings Report

PlayAGS | 10-Q：2024财年二季报
美股SEC公告 ·  2024/08/08 05:01

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PlayAGS reported Q2 2024 revenue of $96.7 million, up 7.7% year-over-year, driven by a 15.4% increase in equipment sales to $33.3 million and a 4% rise in gaming operations revenue to $63.4 million. The company sold 1,380 EGM units during the quarter, up from 1,259 units in Q2 2023. Net income was $0.4 million, compared to $0.9 million in the prior year period.Operating expenses increased 11% to $83 million, primarily due to higher professional fees related to the pending Brightstar Capital Partners merger announced in May 2024. The EGM segment remained strong with a total installed base of 23,142 units, up 2.7% year-over-year, while the Interactive segment saw significant growth with revenue increasing 74.5% to $4.8 million.The company maintained solid liquidity with $44.2 million in cash and $40 million available under its revolving credit facility. In February 2024, PlayAGS amended its credit agreement to reduce interest rates and voluntarily repaid $15 million of debt. The pending merger with Brightstar Capital Partners at $12.50 per share is expected to close in the second half of 2025, subject to regulatory approvals.
PlayAGS reported Q2 2024 revenue of $96.7 million, up 7.7% year-over-year, driven by a 15.4% increase in equipment sales to $33.3 million and a 4% rise in gaming operations revenue to $63.4 million. The company sold 1,380 EGM units during the quarter, up from 1,259 units in Q2 2023. Net income was $0.4 million, compared to $0.9 million in the prior year period.Operating expenses increased 11% to $83 million, primarily due to higher professional fees related to the pending Brightstar Capital Partners merger announced in May 2024. The EGM segment remained strong with a total installed base of 23,142 units, up 2.7% year-over-year, while the Interactive segment saw significant growth with revenue increasing 74.5% to $4.8 million.The company maintained solid liquidity with $44.2 million in cash and $40 million available under its revolving credit facility. In February 2024, PlayAGS amended its credit agreement to reduce interest rates and voluntarily repaid $15 million of debt. The pending merger with Brightstar Capital Partners at $12.50 per share is expected to close in the second half of 2025, subject to regulatory approvals.
PlayAGS报告2024年第二季度营业收入为9670万美元，同比增长7.7%，这主要得益于设备销售增长15.4%至3330万美元，以及ARVR游戏营收增长4%至6340万美元。该公司在该季度售出了1,380台EGm设备，较2023年第二季度的1,259台有所增加。净利润为40万美元，而去年同期为90万美元。营业费用增加了11%，达到8300万美元，主要是由于与2024年5月宣布的Brightstar Capital Partners合并相关的专业费用增加。EGm业务保持强劲，总安装基础为23,142台，同比增长2.7%，而互动业务则显著增长，营业收入增长74.5%至480万美元。该公司保持了...展开全部
PlayAGS报告2024年第二季度营业收入为9670万美元，同比增长7.7%，这主要得益于设备销售增长15.4%至3330万美元，以及ARVR游戏营收增长4%至6340万美元。该公司在该季度售出了1,380台EGm设备，较2023年第二季度的1,259台有所增加。净利润为40万美元，而去年同期为90万美元。营业费用增加了11%，达到8300万美元，主要是由于与2024年5月宣布的Brightstar Capital Partners合并相关的专业费用增加。EGm业务保持强劲，总安装基础为23,142台，同比增长2.7%，而互动业务则显著增长，营业收入增长74.5%至480万美元。该公司保持了良好的流动性，现金为4420万美元，循环信贷额度下可用4000万美元。2024年2月，PlayAGS修改了其信贷协议，以降低利率，并自愿偿还了1500万美元的债务。与Brightstar Capital Partners的待定合并预计将在2025年下半年以每股12.50美元的价格完成，需等待监管批准。

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