PlayAGS, Inc
PlayAGS, Inc. has reported revenue of $72.9m for the for the first time canton of 2022, a 32% step-up from the number 1 quarter of 2021.
EGM revenue led the way of life with $66.9m, with Table Products and Interactive amounting to $3.5m and $2.5m respectively. EGM grew 32% year-on-year, with Table Products and Interactive growing 26% and 19% respectively.
As noted by AGS, it’s the 5th sequentially quarter inward which the fellowship achieved quarterly sequential revenue growth.
The troupe stated: “Q1 2022 consolidated revenue exceeded the level reached inward Q4 2021 past close to 4%, supported by an just about 15% step-up in house servant EGM unit sales, sustained strength within our house servant EGM revenant revenue business, put down Table Products performance, and farther retrieval inward our international EGM gaming trading operations revenue.”
Total Adjusted Earnings Before Interest Taxes Depreciation and Amortization grew 25% year-on-year to $32.8m, patch the group reported a Q1 2022 network deprivation of $12.6m, compared to $7.8m inwards Q1 2021.
AGS noted many highlights for the period, including the 995 EGM Units sold globally, the highest pull down achieved since Q4 2019, and table mathematical product revenue reaching a new all-time record of $3.5m, its thirdly consecutive record-breaking quarter.
“I am encouraged past the arcdegree to which the operating momentum we established end-to-end 2021 continued into the foremost quarter,” said AGS President and CEO Jacques Louis David Lopez.
“We have heavily invested inwards strengthening the groundwork of our fellowship o'er the past tense dyad of years and are showtime to realise accelerating returns on these investments. To that end, i believe our unanimous number 1 billet public presentation simply foreshadows what our laser-focused organisation can accomplish inwards the quarters and years ahead.”