PlayAGS Q4 2020 Earnings Report
Key Takeaways
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.
Orion Starwall saw encouraging initial adoption with over 300 games installed by the end of 2020.
Domestic Active Unit EGM RPD increased 8% year-over-year, reaching approximately $27.
Installed base of industry-leading Table Game Progressive Products increased by 127 units sequentially.
Received a Provisional Michigan i-Gaming Supplier License in December, with AGS content currently live.
PlayAGS
PlayAGS
Forward Guidance
AGS anticipates improved financial performance due to a strong liquidity position, an improving product portfolio, and organizational alignment.