Fourth quarter recurring revenue was $51.6m, up 5% from 2018, while adjusted EBITDA was $37.3m, an increase of 18%.
Net income saw an increase of 114%, at $1.4m, due to the impact of a non-cash, pre-tax impairment of goodwill and debt modification-related expenses on the previous year’s total.
Full year revenue was $304.7m for 2019, a rise of 7%, while adjusted EBITDA was $146m, up 7% from 2018.
David Lopez, AGS President and CEO, said: "Fourth quarter adjusted EBITDA growth of 18% year-over-year was driven by strong EGM and Table Products performance, with continued demand for titles on Orion Portrait, as well as our Super 4 Progressive for table games.
“2020 is one of — if not the most — significant product launch years in AGS' history, with the Orion Rise, the Orion Curve, the Starwall, and the Pax S card shuffler all debuting on casino floors this year.
“We feel confident that this line-up of new products, along with brand extensions and innovative offerings on our current portfolio, will provide meaningful long-term growth opportunities for AGS."
