Everi Holdings Inc. (NYSE: EVRI) saw a notable increase in its stock price during the Tuesday after-market session, climbing by 3.16% to $7.84. This rise counterbalanced the regular-session dip of 1.43%, ending the day at $7.60. The stock's volatility followed the release of the company's financial results last week, which have seemingly helped stabilize its value.
- Financial Results And Merger Progress
- Continued Support And Growth Projections
- Investment In Future Growth
Financial Results And Merger Progress
Everi Holdings (EVRI) announced its first-quarter 2024 results, highlighting advancements toward completing its proposed merger with IGT's Global Gaming and PlayDigital businesses, expected either later this year or in early 2025. By prioritizing client wants and offering a diverse and complementary range of products, this strategic combination holds the potential to yield substantial long-term value for shareholders and create many opportunities for development.
Compared to the same period last year, when Everi's sales was $200.5 million, it was $189.3 million in the first quarter of this year. Although the company's rollout of its newest cabinet family and unique content has taken longer than planned, it is still gathering steam and anticipates faster growth in the second half of the year. Beginning in the second quarter, sequential quarterly gains in unit sales are projected.
Continued Support And Growth Projections
Everi plans to maintain support for its game products portfolio post-merger. In its FinTech business, the highest-margin financial access, software, and other revenue categories showed continued growth in the first quarter, although this was partially offset by a decline in hardware revenues, which are less predictable quarterly.
Despite early-year weather-related headwinds, financial access revenue trends have improved, and Everi expects consistent growth to persist. Consolidated hardware sales are also projected to recover over the remainder of the year.
Investment In Future Growth
Everi has stepped up its investments in personnel and technology in order to create next-generation goods and set itself up for long-term success. Even if it has taken longer than anticipated to turn these expenditures into higher income, Everi is still on schedule to complete a number of projects in the second half of 2024. These initiatives include initial video lottery terminal (VLT) placements and the launch of its first gaming products for the Australian market.
Everi Holdings Inc.(紐約證券交易所代碼:EVRI)的股價在週二盤後交易時段顯著上漲,上漲3.16%,至7.84美元。這一漲勢抵消了常規交易日跌幅1.43%,收於7.60美元。該股的波動是在該公司上週公佈財務業績之後出現的,這似乎有助於穩定其價值。
- 財務業績和合並進展
- 持續支持和增長預測
- 對未來增長的投資
財務業績和合並進展
Everi Holdings(EVRI)公佈了其2024年第一季度業績,重點介紹了其在完成與IGT全球遊戲和PlayDigital業務的擬議合併方面取得的進展,該合併預計將於今年晚些時候或2025年初完成。通過優先考慮客戶需求並提供多樣化和互補的產品,這種戰略組合有可能爲股東帶來可觀的長期價值,併爲發展創造許多機會。
與去年同期Everi的銷售額爲2.05億美元相比,今年第一季度的銷售額爲1.893億美元。儘管該公司推出其最新機櫃系列和獨特內容的時間比計劃要長,但它仍在蓄勢待發,預計下半年將實現更快的增長。從第二季度開始,預計單位銷售額將連續季度增長。
持續支持和增長預測
Everi計劃在合併後繼續支持其遊戲產品組合。在其金融科技業務中,利潤率最高的金融准入、軟件和其他收入類別在第一季度顯示出持續增長,儘管這被硬件收入的下降部分抵消,而硬件收入的下降則難以預測。
儘管存在與天氣相關的不利因素,但金融准入收入趨勢有所改善,Everi預計持續增長。預計合併後的硬件銷售也將在今年剩餘時間內恢復。
對未來增長的投資
Everi加大了對人員和技術的投資,以創造下一代產品併爲長期成功做好準備。儘管將這些支出轉化爲更高的收入所花費的時間比預期的要長,但Everi仍按計劃在2024年下半年完成一些項目。這些舉措包括首次投放視頻彩票終端(VLT)以及向澳大利亞市場推出其首款遊戲產品。