Inspired Q4 revenue grows 71% ex-VAT to $67M; net loss $1.2M, Adjusted EBITDA $22M

Inspired Entertainment, Inc.

Q4 revenue $67.0M, up 71% YoY excluding $32.5M VAT-related revenue in 2020.
Q4 net loss $1.2M ($0.05/share) vs net income $3.1M ($0.14) in prior-year period.
Q4 Adjusted EBITDA $22.0M, up 586% YoY excluding $31.7M VAT-related income in 2020.
Full-year interactive revenue +36%, virtual sports +26%; acquired Sportech Lotteries in Dec 2021.
Year-end liquidity ~$74.8M; warrant exercises yielded $30.5M proceeds; all warrants expired.

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