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PlayAGS | 10-Q: Q3 2024 Earnings Report

PlayAGS | 10-Q: Q3 2024 Earnings Report

PlayAGS | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/08 11:35

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PlayAGS reported strong financial results for Q3 2024, with total revenue increasing 11% to $99.2 million compared to $89.4 million in Q3 2023. Equipment sales revenue surged 29.6% to $36.7 million, driven by a 22% increase in EGM unit sales to 1,641 units. Gaming operations revenue grew 2.3% to $62.4 million, despite a slight decline in EGM revenue per day to $25.09.Operating income rose 20.2% to $17.5 million, while net income improved significantly to $2.4 million compared to a net loss of $0.2 million in the prior year period. The company's EGM segment, representing 89% of total revenue, saw an 8.3% increase in revenue to $88.7 million. The Interactive segment demonstrated exceptional growth with revenue up 89.9% to $5.9 million.The company maintained strong liquidity with $45.0 million in cash and $40.0 million available under its revolving credit facility. PlayAGS continues to progress toward its planned merger with Brightstar Capital Partners, expected to close in the second half of 2025, subject to regulatory approvals and other customary closing conditions.
PlayAGS reported strong financial results for Q3 2024, with total revenue increasing 11% to $99.2 million compared to $89.4 million in Q3 2023. Equipment sales revenue surged 29.6% to $36.7 million, driven by a 22% increase in EGM unit sales to 1,641 units. Gaming operations revenue grew 2.3% to $62.4 million, despite a slight decline in EGM revenue per day to $25.09.Operating income rose 20.2% to $17.5 million, while net income improved significantly to $2.4 million compared to a net loss of $0.2 million in the prior year period. The company's EGM segment, representing 89% of total revenue, saw an 8.3% increase in revenue to $88.7 million. The Interactive segment demonstrated exceptional growth with revenue up 89.9% to $5.9 million.The company maintained strong liquidity with $45.0 million in cash and $40.0 million available under its revolving credit facility. PlayAGS continues to progress toward its planned merger with Brightstar Capital Partners, expected to close in the second half of 2025, subject to regulatory approvals and other customary closing conditions.
PlayAGS公佈了2024年第三季度強勁的財務業績,總營業收入同比增長11%,達到9920萬美元,而2023年第三季度爲8940萬美元。設備銷售收入激增29.6%,達到3670萬美元,得益於EGm單元銷售增長22%,達到1641個單位。儘管EGm每日收入略有下降至25.09美元,遊戲運營收入仍增長2.3%,達到6240萬美元。營業收入上升20.2%,達到1750萬美元,而凈利潤顯著改善至240萬美元,相較於去年同期的20萬美元淨虧損。公司的EGm板塊佔總營業收入的89%,收入增長8.3%,達到8870萬美元。互動板塊表現出色,收入增長89.9%,達到590萬美元。公司保持強勁的流動性,現金爲4500萬美元,循環信貸額度可用4000萬美元。PlayAGS繼續推進與Brightstar Capital Partners計劃中的合併,預計將在2025年下半年完成,需依賴監管批准和其他常規交割條件。
PlayAGS公佈了2024年第三季度強勁的財務業績,總營業收入同比增長11%,達到9920萬美元,而2023年第三季度爲8940萬美元。設備銷售收入激增29.6%,達到3670萬美元,得益於EGm單元銷售增長22%,達到1641個單位。儘管EGm每日收入略有下降至25.09美元,遊戲運營收入仍增長2.3%,達到6240萬美元。營業收入上升20.2%,達到1750萬美元,而凈利潤顯著改善至240萬美元,相較於去年同期的20萬美元淨虧損。公司的EGm板塊佔總營業收入的89%,收入增長8.3%,達到8870萬美元。互動板塊表現出色,收入增長89.9%,達到590萬美元。公司保持強勁的流動性,現金爲4500萬美元,循環信貸額度可用4000萬美元。PlayAGS繼續推進與Brightstar Capital Partners計劃中的合併,預計將在2025年下半年完成,需依賴監管批准和其他常規交割條件。
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