Ags reports record second quarter 2023 results

Second quarter  2023 highlights: total revenue increased 17% y/y to a record $89.8 million; growth achieved across all three business segments global egm sales topped 1,250 units; up 35% y/y and 7% ahead of q2 2019 domestic egm recurring revenue grew 7% y/y; third consecutive all-time quarterly record table product revenue advanced 25% y/y to a record $4.4 million generated net income of $851 thousand adjusted ebitda increased by over 15% y/y to a record $39.6 million cash from operations eclipsed $25 million; free cash flow reached $12.6 million (+38% y/y) lowering targeted year-end 2023 net leverage range to 3.25x to 3.50x las vegas , aug. 3, 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 second quarter ended june 30, 2023.  commenting upon the company's second quarter results, ags president and chief executive officer david lopez said, "our record-setting second quarter financial performance clearly demonstrates the strength of our products, team members, and strategy, which is creating significant momentum within all three segments of our business.
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