PlayAGS (AGS) Misses Q4 EPS by 28c, Revenues Beat

PlayAGS (NYSE: AGS) reported Q4 EPS of ($0.29), $0.28 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $72.1 million versus the consensus estimate of $69.69 million.

"We ended our first year as a public company with a solid fourth quarter and 35% growth in annual revenue," said Chief Executive Officer David Lopez. "Our continued top line growth, increased operating cash, and free cash flow generation reflects the industry-leading performance of our products and AGS' unique position given how underrepresented we are in the market. These two factors contributed to our phenomenal growth in electronic gaming machines ("EGMs"), ending the year with more than 4,300 sold units, a 71% increase from fiscal 2017. We kicked off 2019 with the close of our acquisition of Integrity Gaming Corp., which bolsters our recurring revenue footprint and provides long-term optimization opportunities. With new product and content launches, further penetration of both new and early-entry markets, and international expansion, AGS is positioned for another high-growth year in 2019."

For earnings history and earnings-related data on PlayAGS (AGS) click here.

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