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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 ·  08/08 05:01

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PlayAGS, a leading designer and supplier of electronic gaming machines (EGMs) and other products for the gaming industry, reported a 7.7% increase in total revenues for the quarter ended June 30, 2024, reaching $96.7 million compared to $89.8 million in the same period last year. The growth was driven by a 4.0% rise in gaming operations revenue and a significant 15.4% jump in equipment sales. Despite the revenue growth, net income for the quarter decreased by 48.3% to $440 thousand, down from $851 thousand in the previous year. The company's effective income tax rate for the quarter was 19.6%, a decrease from 36.3% in the prior year. Operating expenses saw an 11.0% increase, primarily due to higher costs of equipment sales and selling, general and administrative expenses, which included a notable increase...Show More
PlayAGS, a leading designer and supplier of electronic gaming machines (EGMs) and other products for the gaming industry, reported a 7.7% increase in total revenues for the quarter ended June 30, 2024, reaching $96.7 million compared to $89.8 million in the same period last year. The growth was driven by a 4.0% rise in gaming operations revenue and a significant 15.4% jump in equipment sales. Despite the revenue growth, net income for the quarter decreased by 48.3% to $440 thousand, down from $851 thousand in the previous year. The company's effective income tax rate for the quarter was 19.6%, a decrease from 36.3% in the prior year. Operating expenses saw an 11.0% increase, primarily due to higher costs of equipment sales and selling, general and administrative expenses, which included a notable increase in professional and legal fees related to the Merger. Interest expense decreased by 4.1%, and the company also reported other non-cash charges and stock-based compensation expenses. The EGM segment remains the largest, contributing 91% of the total revenue for the first half of the year. PlayAGS also highlighted its entry into the mechanical reel category with the release of its first three-reel stepper product, Revel. The company's future plans include completing a merger with Bingo Holdings I, LLC, and Bingo Merger Sub, Inc., affiliates of Brightstar Capital Partners, with the transaction expected to close in the second half of 2025.
playags,領先的電子遊戲機(EGM)和其他ARVR遊戲行業板塊產品設計師和供應商,報告截至2024年6月30日的季度總營業收入增長7.7%,從去年同期的8980萬美元增至9670萬美元。增長得益於遊戲運營收入上漲4.0%和設備銷售大幅上漲15.4%。儘管營收增長,本季度的淨利潤下降了48.3%,從去年的$85.1萬美元下降至$44萬美元。本季度公司的有效所得稅率爲19.6%,較上年的36.3%有所下降。營業費用增加了11.0%,主要由於設備銷售成本和銷售,管理和行政費用增加,其中包括與合併相關的專業和法律費用的顯著增加。利息費用減少了4.1%,公司還報告了其他非現金費用和股票補償費用。E...展開全部
playags,領先的電子遊戲機(EGM)和其他ARVR遊戲行業板塊產品設計師和供應商,報告截至2024年6月30日的季度總營業收入增長7.7%,從去年同期的8980萬美元增至9670萬美元。增長得益於遊戲運營收入上漲4.0%和設備銷售大幅上漲15.4%。儘管營收增長,本季度的淨利潤下降了48.3%,從去年的$85.1萬美元下降至$44萬美元。本季度公司的有效所得稅率爲19.6%,較上年的36.3%有所下降。營業費用增加了11.0%,主要由於設備銷售成本和銷售,管理和行政費用增加,其中包括與合併相關的專業和法律費用的顯著增加。利息費用減少了4.1%,公司還報告了其他非現金費用和股票補償費用。EGm業務仍是今年上半年營收最大的細分市場,佔總營收的91%。PlayAGS還強調其進入機械卷軸類別,推出了其首款三卷軸步進產品Revel。該公司未來計劃包括完成與Bingo Holdings I,LLC和Bingo Merger Sub,Inc.的合併,這是Brightstar Capital Partners的附屬公司,交易預計將在2025年下半年完成。

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