Sep 30, 2021

Full House Resorts Q3 2021 Earnings Report

Full House Resorts reported a strong third quarter with revenue and operating income increases.

Key Takeaways

Full House Resorts announced a 12.6% increase in revenues compared to the prior-year period, reaching $47.2 million. Operating income improved to $11.1 million, and adjusted EBITDA increased to $13.6 million. The company is progressing with the construction of Chamonix Casino Hotel and competing for two development opportunities.

Revenues increased by 12.6% compared to the prior-year's third quarter.

Operating income improved to $11.1 million from $10.4 million in the third quarter of 2020.

Net income was $4.6 million, compared to $7.7 million in the prior-year period.

Adjusted EBITDA increased to $13.6 million from $12.5 million in the third quarter of 2020.

Total Revenue
$47.2M
Previous year: $42M
+12.6%
EPS
$0.13
Previous year: $0.28
-53.6%
Adjusted EBITDA
$13.6M
Previous year: $12.5M
+8.8%
Gross Profit
$28.1M
Previous year: $24.9M
+12.6%
Cash and Equivalents
$275M
Previous year: $34M
+707.4%
Free Cash Flow
-$6.77M
Previous year: $8.78M
-177.1%
Total Assets
$470M
Previous year: $208M
+126.0%

Full House Resorts

Full House Resorts

Full House Resorts Revenue by Geographic Location

Forward Guidance

The company is pursuing growth opportunities in Waukegan, Illinois, and Terre Haute, Indiana.