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Sep 30, 2020
PlayAGS Q3 2020 Earnings Report
Improved dramatically compared to the 2020 second quarter, with revenues, net loss, and adjusted EBITDA improving sharply on a sequential basis.
Key Takeaways
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.
Total revenue reached $49.3 million compared to $16.8 million in the 2020 second quarter.
Gaming operations revenue totaled $36.3 million compared to $10.2 million in the 2020 second quarter.
Net loss of $11.1 million improved dramatically from the $42.6 million net loss reported in the 2020 second quarter.
Total Adjusted EBITDA increased to $27.0 million from a $1.2 million loss in the 2020 second quarter.
PlayAGS
PlayAGS
Forward Guidance
No forward guidance was provided in the earnings report.