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Casino equipment manufacturer and financial technology (Fintech) supplier Everly Holdings Inc. reported a fourth-quarter net profit of $25.4 million, up 13.9% from a year earlier. The company said in a press release Wednesday that the results represent “record” quarterly sales.

The group’s fourth-quarter 2022 net profit fell 69.8% year-on-year, the company said, as the same period last year included “a $63.5 million non-cash tax benefit related to the return of valuation allowances on certain deferred tax assets.”

Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) were $93.4 million in the final quarter of 2022, up 5.2% from the previous quarter. 파친코

In the three months to December 31, sales in the gaming sector were at $113.2 million, up 7.4% year-over-year. The number of game consoles sold in the quarter rose 1.8% year-on-year to 1,944.

The company said revenue growth in the gaming sector reflected “a 12% increase in revenue from game console sales and a 5% increase in revenue from game operations, including digital game operations.”

EVERY’S INSTALLATION BASE WAS 17,975 AS OF DECEMBER 31, 2022, UP 6.3% Y/Y AND INCREASED 240 IN QUARTER.

“Every closed 2022 on record fourth-quarter revenue and another strong quarter of earnings, including adjusted EBITDA,” group chief executive Randy Taylor said in a prepared statement accompanying Wednesday’s earnings release.

EVERY reported full-year 2022 net income growth of 18.5% year-on-year to $782.5 million. It reflected a 15.8% increase in sales in the gaming sector and a 22.0% increase in sales in the fintech sector.

Group-wide adjusted annual EBITDA was $374.1 million, 7.7% higher than in 2021. Free cash flow was $186.7 million, up 17.6% from 2021.

Every announced in a separate announcement on Tuesday that it would “integrate and streamline” its production facilities.

The company said it has begun construction of a new facility in Las Vegas, Nevada, U.S., and will integrate the manufacture, assembly and distribution of the group’s game consoles, along with the assembly of cash access kiosks, loyalty kiosks and other financial technology products once completed.

Avery said he expects the integration process to “simplify production and simplify the distribution of supply chain processes and finished products to customers.”

17 replies on “Casino equipment manufacturer and financial technology (Fintech) supplier Everly Holdings Inc. reported a fourth-quarter net profit of $25.4 million, up 13.9% from a year earlier. The company said in a press release Wednesday that the results represent “record” quarterly sales.”

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