2024-03-05
Pressrelease
AGS Reports Third Quarter 2023 Results
AGS reported operating results for the third quarter ended September 30, 2023
2024-03-05 23:27Pressrelease
AGS Reports Record Fourth Quarter and Full Year 2023 Results
Fourth Quarter 2023 Highlights:
- Total Revenue Increased 15% Y/Y to a Record $94.2 Million; Eleventh Consecutive Quarter of Double-Digit Y/Y Growth
- Global EGM Sales Reached a Record 1,519 Units; Up by Over 30% Y/Y for the Third Straight Quarter
- Table Products Revenue Surged 24% Y/Y to a New Record; Supported by Accelerating PAX S Adoption
- Interactive Revenue Grew More than 30% Y/Y to a Record $3.4 Million; Up 8% Versus Q3 2023
- Income From Operations Increased 19% Y/Y to $16.0 Million; Net Income Totaled $67 Thousand
- Total Adjusted EBITDA Advanced to a Record $42.8 Million; Total Adjusted EBITDA Margin Exceeded 45%
- Cash From Operating Activities Totaled $26.4 Million; Free Cash Flow Topped $10 Million for the Third Quarter in a Row
- Net Leverage Fell to 3.2x at Quarter End; Targeting Year End 2024 Net Leverage in the Range of 2.75x to 3.00x
View the full earnings release on AGS' IR site here.
Topics: Company News
About AGS
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Our roots are firmly planted in the Class II Native American gaming market, and our customer-centric culture and growth have helped us branch out to become a leading all-inclusive commercial gaming supplier. Powered by high-performing Class II and Class III slot products, an expansive table products portfolio, real-money gaming platforms and content, highly rated social casino solutions for operators and players, and best-in-class service, we offer an unmatched value proposition for our casino partners. Learn more at www.playags.com.