PlayAGS, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 05, 2024 at 04:15 pm EST
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PlayAGS, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 59.6 million compared to USD 57.41 million a year ago. Revenue was USD 94.15 million compared to USD 81.74 million a year ago. Net income was USD 0.067 million compared to USD 2.54 million a year ago.
For the full year, sales was USD 240.24 million compared to USD 223.8 million a year ago. Revenue was USD 356.54 million compared to USD 309.44 million a year ago. Net income was USD 0.428 million compared to net loss of USD 8.04 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
PlayAGS, Inc. is a designer and supplier of electronic gaming machines (EGMs) and other products and services for the gaming industry. The Company's segments include EGMs, Table Products and Interactive Games. The EGM segment includes server-based systems and back-office systems that are used by Class II Native American and Mexico gaming jurisdictions and Class III Native American, commercial, and charitable jurisdictions. It offers a library of proprietary video slot titles developed for the global marketplace. The Table Products segment includes live felt table games, side-bets, and progressives, as well as card shufflers, including its newly introduced card shuffler, Pax S. The Interactive Games segment provides game content and access to its remote gaming server for real money gaming (RMG) online casino operators as well as social casino games available for desktop and mobile devices. It also offers business-to-consumer (B2C) free-to-play social casino apps.