secwatch.observer — SEC 8-K summary
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Issuer:     Everi Holdings Inc. (—)
CIK:        0001318568
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001318568-24-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Everi Q1 revenue down 5.6% to $189.3M; net income falls to $4.6M; guidance reduced
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- Q1 revenue $189.3M vs $200.5M YoY; net income $4.6M ($0.05 diluted EPS) vs $28.1M ($0.30).
- Adjusted EBITDA $80.3M vs $92.5M YoY; $15.7M in merger-related costs hit earnings.
- Games installed base fell to 16,917 units; daily win per unit $34.51 vs $38.37 a year ago.
- FY2024 Adjusted EBITDA expected to decline from 2023; FinTech flat in Q2, H2 growth anticipated.
- Proposed merger with IGT Global Gaming & PlayDigital expected to close late 2024 or early 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000077/0001318568-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318568/000131856824000077/evri-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001318568-24-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer