Everi reports third quarter 2023 results

Las vegas , nov. 8, 2023 /prnewswire/ -- everi holdings inc. (nyse: evri) ("everi" or the "company"), today announced results for the third quarter ended september 30, 2023 and provided an update on its full year outlook. revenues increased 1% to $206.6 million from $204.3 million a year ago fintech segment revenues grew 4% to $95.1 million, reflecting a 12% increase in software and other revenues and a 7% rise in financial access revenues partially offset by a 20% decrease in hardware revenues games segment revenues declined 1% to $111.5 million, reflecting a 5% rise in gaming operations revenues offset by a 12% decline in gaming equipment and systems sales revenues  recurring revenues grew 7% to $154.3 million and represented 75% of total revenues; non-recurring revenues declined 14% to $52.3 million reflecting lower gaming unit and fintech hardware sales net income decreased to $26.6 million, or $0.29 per diluted share, compared to $29.4 million, or $0.30 per diluted share, in the 2022 third quarter, a slight decrease from the prior year period adjusted eps, a non-gaap financial measure, was $0.44 per diluted share flat with the prior-year period adjusted ebitda, a non-gaap financial measure, was $96.2 million compared with $96.6 million in the 2022 third quarter free cash flow, a non-gaap financial measure, was impacted by discrete capital expenditures of approximately $6.0 million related to the build-out of the new consolidated production facility and certain technology investments as well as higher net cash interest payments of $4.7 million resulting in free cash flow of $34.3 million in the third quarter of 2023 compared to $44.9 million in the prior-year period repurchased 2.4 million shares for $33.9 million in the 2023 third quarter, with $106.1 million remaining available under the current $180 million share repurchase authorization.
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