PlayAGS Q4 2019 Earnings Report
Key Takeaways
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.
Total revenue increased 8% to $77.8 million, driven by EGM sales and increased gaming operations.
Recurring revenue increased 5% to $51.6 million, driven by an increase in our domestic EGM and Table Products installed base.
Net income of $1.4 million increased year-over-year from a net loss of $10.3 million due to an increase in operating income.
Total Adjusted EBITDA (non-GAAP) increased 18% to a quarterly record of $37.3 million, driven by increased contributions from our EGM and Table Products segments, in addition to reduced operating expenses in our Interactive segment.
PlayAGS
PlayAGS
PlayAGS Revenue by Segment
Forward Guidance
The company expects to generate total adjusted EBITDA of $148 - $153 million in 2020 and capital expenditures to be in the range of $67 - $71 million.