AGS Reports Record Second Quarter 2023 Results

Second Quarter 2023 Highlights:

• Total Revenue Increased 17% Y/Y to a Record $89.8 Million; Growth Achieved Across All Three Business Segments
• Global EGM Sales Topped 1,250 Units; Up 35% Y/Y and 7% Ahead of Q2 2019
• Domestic EGM Recurring Revenue Grew 7% Y/Y; Third Consecutive All-Time Quarterly Record
• Table Product Revenue Advanced 25% Y/Y to a Record $4.4 Million
• Generated Net Income of $851 Thousand
• Adjusted EBITDA Increased by over 15% Y/Y to a Record $39.6 Million
• Cash From Operations Eclipsed $25 Million; Free Cash Flow Reached $12.6 Million (+38% Y/Y)
• Lowering Targeted Year-End 2023 Net Leverage Range to 3.25x to 3.50x

View the full earnings release on AGS' IR site here.