“Mixed” Q2 results for AGS as net loss rises

By Tim Poole

AGS has reported a 2% year-on-year growth in Q2 revenue, to $74.5m, although its net loss widened significantly for the same quarter.

The supplier posted its highest-ever quarterly recurring revenue of $53.6m, also a growth of 2%, while its 1,181 EGM Unit sales represented a rise of 12%.

However, net loss increased 42% to $7.6m, while Adjusted EBITDA (according to non-GAAP accounting) fell 2% to $35.7m.

AGS CEO David Lopez said: "Results in the second quarter were mixed, with 2% year-over-year growth in both total and recurring revenue offset by a slight decrease in Adjusted EBITDA.

"The decrease was related to increased operating expenses as we continue to invest in strategic areas of our business, particularly in R & D, to capitalise on the vast whitespace in front of us."

Lopez will be speaking exclusively to Gambling Insider in our G2E preview magazine, which will be published in September.


Share This Post


More News

The Western Australian government will hold a royal commission to examine Crown Perth’s suitability to continue operating. The decision to look into the operations of the Burswood casino and resort comes soon...

This article originally appeared in the January/February edition of Gambling Insider magazine: UK gambling regulation expert Steve Donoughue has some strong views about the Gambling Commission which many may disagree with....