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PlayAGS | 10-Q: Q2 2024 Earnings Report

PlayAGS | 10-Q: Q2 2024 Earnings Report

PlayAGS | 10-Q:2024財年二季報
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報告2024年第二季度營業收入爲9670萬美元,同比增長7.7%,這主要得益於設備銷售增長15.4%至3330萬美元,以及遊戲營收增長4%至6340萬美元。該公司在該季度售出了1,380台EGm設備,較2023年第二季度的1,259台有所增加。凈利潤爲40萬美元,而去年同期爲90萬美元。營業費用增加了11%,達到8300萬美元,主要是由於與2024年5月宣佈的Brightstar Capital Partners合併相關的專業費用增加。EGm業務保持強勁,總安裝基礎爲23,142台,同比增長2.7%,而互動業務則顯著增長,營業收入增長74.5%至480萬美元。該公司保持了良好的流...展開全部
PlayAGS報告2024年第二季度營業收入爲9670萬美元,同比增長7.7%,這主要得益於設備銷售增長15.4%至3330萬美元,以及遊戲營收增長4%至6340萬美元。該公司在該季度售出了1,380台EGm設備,較2023年第二季度的1,259台有所增加。凈利潤爲40萬美元,而去年同期爲90萬美元。營業費用增加了11%,達到8300萬美元,主要是由於與2024年5月宣佈的Brightstar Capital Partners合併相關的專業費用增加。EGm業務保持強勁,總安裝基礎爲23,142台,同比增長2.7%,而互動業務則顯著增長,營業收入增長74.5%至480萬美元。該公司保持了良好的流動性,現金爲4420萬美元,循環信貸額度下可用4000萬美元。2024年2月,PlayAGS修改了其信貸協議,以降低利率,並自願償還了1500萬美元的債務。與Brightstar Capital Partners的待定合併預計將在2025年下半年以每股12.50美元的價格完成,需等待監管批准。

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