Ags reports first quarter 2023 results

First quarter  2023  highlights: total revenue increased 14% y/y to a record $83.2 million; up sequentially for the ninth straight quarter net loss improved y/y to $334 thousand adjusted ebitda reached a first quarter record $36.5 million domestic egm recurring revenue grew by 10% y/y; second consecutive all-time quarterly record global egm sales topped 1,100 units; unique customer count up by over 45% y/y domestic premium egm mix eclipsed 15% at quarter end; footprint has grown for thirteen quarters in a row table product revenue grew by over 15% y/y to a record $4.1 million remain on target to exit 2023 with net leverage in the range of 3.25x to 3.75x las vegas , may 9, 2023 /prnewswire/ -- playags, inc. (nyse: ags) ("ags", "us", "we" or the "company"), a designer and developer of equipment and services solutions for the global gaming industry, today reported operating results for the first quarter ended march 31, 2023. commenting upon the company's first quarter results, ags president and chief executive officer david lopez said, "our record-setting first quarter revenue and adjusted ebitda performance is yet another testament to the way in which the strategic investments we have made in our people and products over the past several years have strengthened the underlying resiliency and vibrancy of our business.
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