Published
Land-BasedCasinoFinancial

“Mixed” Q2 results for AGS as net loss rises

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.

AGSLogo

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.

Premium+ Connections
Premium

Lynon

 
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium

1xBet Partners

 
Premium

Digitain

 
Premium

GammaStack

 
 
Premium

RISK

 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...