---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-006577"
form_type: "8-K"
ticker: "INSE"
cik: "0001615063"
company_name: "Inspired Entertainment, Inc."
filed_at: "2022-03-11T23:59:59+00:00"
generated_at: "2026-06-26T23:37:30.608818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-22-006577
- form_type: 8-K
- ticker: INSE
- cik: 0001615063
- company_name: Inspired Entertainment, Inc.
- filed_at: 2022-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1615063/000149315222006577/0001493152-22-006577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1615063/000149315222006577/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-006577
- JSON: https://secwatch.observer/filing/0001493152-22-006577.json
- Plain text: https://secwatch.observer/filing/0001493152-22-006577.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.