secwatch.observer — SEC 8-K summary
======================================

Issuer:     Inspired Entertainment, Inc. (INSE)
CIK:        0001615063
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001493152-24-018568
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615063/000149315224018568/0001493152-24-018568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615063/000149315224018568/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-018568

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