PlayAGS Earnings Reports

PlayAGS reported record second quarter results with significant momentum across all three business segments. Recurring revenue reached a record $61.0 million, up 8% year-over-year. Total Adjusted EBITDA increased 16% year-over-year to a record $39.6 million.

PlayAGS reported record-setting first quarter revenue and adjusted EBITDA, driven by strategic investments and a strong product lineup. Gaming operations revenue increased, particularly in the domestic EGM sector, and international EGM recurring revenue also saw growth. The company remains focused on optimizing capital deployment and reducing net leverage.

PlayAGS, Inc. reported record-setting fourth quarter results, reflecting returns on investments in R&D, sales, and product management. The company's gaming operations revenue increased, and total Adjusted EBITDA reached a record $37.3 million.

PricewaterhouseCoopers LLP consented to the incorporation by reference of PlayAGS, Inc.'s financial statements and schedules from their report dated March 10, 2022, in Registration Statements on Form S-3 and Form S-8.

PlayAGS reported strong Q2 2022 results, driven by investments in R&D, sales, and product management. The company saw year-over-year growth in net revenues, net income, and Adjusted EBITDA. Recurring revenue accounted for approximately 74% of consolidated Q2 2022 revenue.

PlayAGS reported solid first-quarter performance with recurring revenue accounting for approximately 73% of consolidated revenue. Total Adjusted EBITDA increased year-over-year within all three operating segments, and the company remains confident in achieving its year-end 2022 net leverage target.

PlayAGS saw operating momentum within all three business verticals, which continued into the fourth quarter. The company is focused on leveraging improvements in people, products, and processes to strengthen financial performance in 2022.

PlayAGS reported strong Q3 2021 results, with revenue growth driven by improved product momentum and execution across all operating segments. The company is now expected to be nicely free cash flow positive for the full year 2021 and to end the year with net leverage inside of 4.5x TTM Adjusted EBITDA.

AGS reported record gaming operations revenue of $55.0 million and a total Adjusted EBITDA of $32.1 million. The company's domestic EGM revenue per day reached a new record of $33.11. They are focused on delivering consistent financial performance and strengthening shareholder value.

AGS reported a positive first quarter in 2021, with gaming operations revenue increasing by 4.1% year-over-year and total Adjusted EBITDA increasing by 7.4% year-over-year. The company is focused on strengthening organizational alignment and improving operating efficiency.

PlayAGS, Inc. reported fourth quarter and full year 2020 financial results, highlighting strategic improvements and resilience during the COVID-19 pandemic. The company focused on refining strategy, improving efficiency, and strengthening its balance sheet, positioning itself for improved financial performance in 2021.

PlayAGS reported better than expected third quarter 2020 financial results with total revenue reaching $49.3 million and a net loss of $11.1 million. The company was free cash flow positive and reported a strong liquidity position of $113.2 million at quarter end.

AGS reported a decrease in total revenue to $16.8 million, primarily due to decreased gaming operations revenue and unit sales in the EGM segment. The company experienced a net loss of $42.6 million, which increased year-over-year. However, initial game performance on EGM units in-service has been strong and better-than-expected.

AGS reported a decrease in total revenue by 26% to $54.3 million, primarily driven by decreased unit sales and gaming operations revenue in the EGM segment due to COVID-19 related casino closures. The company took early steps to formulate and implement a comprehensive plan that included costs savings through Company-wide salary reductions, layoffs, and furloughs, capital expenditure reductions, and strengthening their liquidity position.

PlayAGS's Q4 2019 saw revenue increase by 8% to $77.8 million, driven by strong EGM and Table Products performance. Adjusted EBITDA grew by 18% to a record $37.3 million, and net income increased to $1.4 million from a net loss of $10.3 million in the previous year.