Inspired Q1 revenue $63.1M (-7% cc); net loss widens to $5.7M

Inspired Entertainment, Inc.

2024-Q1 EPS reported -$0.20 revenue$63,100,000

Revenue fell 3% reported (7% constant currency) to $63.1M from $64.9M; net loss of $5.7M vs $1.4M loss a year ago.
Gaming revenue down 11% to $24.0M; Virtual Sports down 16% to $12.4M; Interactive up 37% to $8.1M; Leisure up 9% to $18.6M.
Adjusted EBITDA of $16.3M; digital business (Virtual Sports + Interactive) contributed 76% of Adj. EBITDA vs 69% prior year.
Expanded VLT placements with WCLC (720 additional Valor terminals in Saskatchewan); exclusive NBA Re-Play launch with OPAP in Q2.
Initiated cost improvement initiative; management sees improving trends in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Inspired Entertainment, Inc. reported the three-month period ended March 31, 2024 results: revenue $63.1 million, net income Net Loss of $(5.7) million, EPS $(0.20) per diluted share.

Period: the three-month period ended March 31, 2024
Revenue: $63.1 million
Net income: Net Loss of $(5.7) million
EPS: $(0.20) per diluted share
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 () --- EX-99.1 2 ex99-1.htm Exhibit 99.1 INSPIRED REPORTS FIRST QUARTER 2024 RESULTS ● First Quarter Revenue of $63.1 million versus $64.9 million in the prior year period ● First Quarter Net Loss of $(5.7) million ● First Quarter Adjusted EBITDA of $16.3 million ● Expanded video lottery terminal

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Source: SEC EDGAR

accession 0001493152-24-018568

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