earnings
confidence high
sentiment negative
materiality 0.75
Inspired Q3 revenue $97.5M (+31% YoY); net income falls 65%; restatement complete
Inspired Entertainment, Inc.
2023-FY EPS reported
$0.26
revenue$323,000,000
- Revenue $97.5M, up 31% YoY (22% functional currency); Interactive revenue up 38%.
- Net income $3.4M ($0.12 diluted EPS) vs $9.2M ($0.32), down 65% YoY.
- Completed financial restatement; FY2022 Adj. EBITDA impact less than 1% ($0.6M decrease).
- Expect Q4 revenue and Adj. EBITDA in-line with consensus; ransomware impact nearly $2M.
- Repurchased 121,847 shares (~$1.5M) in Q3; 1.2M shares repurchased since May 2022.