AGS Reports Third Quarter 2023 Results

Third Quarter 2023 Highlights:

• Total Revenue Increased 14% Y/Y to $89.4 Million; Strong Growth Achieved Across All Three Segments
• Domestic EGM Recurring Revenue Grew 6% Y/Y; Far Outpacing Market-Wide GGR Trends
• Global EGM Sales Increased More Than 30% Y/Y to 1,345 Units
• Interactive Revenue Reached a Record $3.1 Million; Y/Y Growth Surpassed 20%
• Generated a Modest Net Loss of $156 Thousand
• Adjusted EBITDA Eclipsed $40 Million for the First Time; Adjusted EBITDA Margin Expanded 90bps Y/Y
• Cash From Operations Totaled $30 Million; Free Cash Flow Grew to a Record $12.7 Million
• Net Leverage Fell to 3.4x at Quarter End; Within the Targeted Year-End Range of 3.25x to 3.50x
  

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