- Revenue rose 14% from
$172.6 million in Q2 2021 to$197.22 million for the quarter endingJune 30, 2022 . Recurring revenues grew 7% to$139.7 million and revenues from non-recurring sales increased 37% to$57.5 million . -
Net income fell from
$36.21 million to$35.52 million , as the provision for income taxes increased$9.3 million in the 2022 second quarter related to the reversal of deferred tax asset valuation allowance in the 2021 fourth quarter; cash taxes paid were essentially flat at$100,000 . -
Basic EPS fell from
41 cents to35 cents , while diluted EPS fell from36 cents to33 cents . -
Games segment revenue grew 13% to a record
$112.3 million compared to$99.3 million in the second quarter of 2021, primarily driven by record sales of gaming machines and ongoing growth in digital gaming revenues. -
Fintech revenue increased 16% to an all-time quarterly record
$84.9 million compared to$73.2 million in the 2021 second quarter, reflecting a 14% increase in financial access services, a 22% increase in software and other revenues, and a 17% improvement in revenues from hardware sales. Revenues from the recent acquisition of ecash Holdings inAustralia contributed$4.2 million in the 2022 second quarter.
Shares traded at
The
"Our strong operating momentum continued in the second quarter, as we delivered all-time quarterly record revenues, income before income tax, adjusted EBITDA and free cash flow," CEO
Everi reiterated its full year 2022 guidance for net income of
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