Full House Resorts Q1 2023: Revenue up 21% to $50.1M, net loss $11.4M on preopening costs

FULL HOUSE RESORTS INC

2023-Q1 EPS reported -$0.33 revenue$50,106,000

Revenue $50.1M (+21% YoY); net loss $11.4M ($0.33 diluted loss) includes $10.5M preopening costs.
Adjusted EBITDA rose 20.6% to $10.1M, driven by The Temporary opening in February 2023.
The Temporary generated $10.4M revenue and $3.6M Adjusted Property EBITDA (34.3% margin) in 1.5 months.
Chamonix Casino Hotel opening set for December 26, 2023; fine dining by Barry Dakake partners.
Illinois sportsbook expected to launch by August 2023; total annualized minimum sports skin revenue $10M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FULL HOUSE RESORTS INC reported first quarter ended March 31, 2023 results: revenue $50.1 million, net income $11.4 million, EPS $(0.33).

Period: first quarter ended March 31, 2023
Revenue: $50.1 million
Net income: $11.4 million
EPS: $(0.33)
Result: reported results

Exact text from the filing

On a consolidated basis, revenues in the first quarter of 2023 were $50.1 million, a 21.0% increase from $41.4 million in the prior-year period. Net loss for the first quarter of 2023 was $11.4 million, or $(0.33) per diluted common share, which includes $10.5 million of preopening and development costs, primarily related to the February 2023 opening of The Temporary and the Company’s Chamonix construction project.

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Source: SEC EDGAR

accession 0000891482-23-000019

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