secwatch.observer — SEC 8-K summary
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Issuer:     Inspired Entertainment, Inc. (INSE)
CIK:        0001615063
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001493152-24-008002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inspired Q3 revenue $97.5M (+31% YoY); net income falls 65%; restatement complete
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615063/000149315224008002/0001493152-24-008002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615063/000149315224008002/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008002

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