In terms of sales, a total of 663 EGM units were sold compared to 387 units and 1,391 units in Q3 2020 and 2019, respectively. The report said the company sold units in 23 US states and two Canadian provinces throughout Q3 2021 and showed Nevada, Florida and Michigan to be the top three sales markets.
The report mentioned several highlights in terms of products: the Orion Curve Premium package and the Ultimate Choice Jackpots, and Coin Bonanza games are said to be “performing well above house average” and to be “delivering solid performance”.
As of 30 September 2021, AGS has $117.8m of total available liquidity, comprised of an $87.8m available cash balance and $30m of revolving availability. The total amount of debt outstanding, as of 30 September 2021, was $617.5m.
The supplier issued an additional $95m secured term loan in May 2020, to increase the cash position and strengthen its financial flexibility in response to the uncertain gaming industry operating environment; which emerged following the Covid pandemic.
AGS President and CEO, David Lopez, said: "Our third-quarter financial performance once again reflects our growing product momentum and improved execution across all three of our operating segments.
"The investments we have made into our business over the past eighteen months have strengthened our company's foundation, which should pave the way for meaningful shareholder value creation in the coming quarters."
