Inspired Reports First Quarter 2020 Results
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Inspired Entertainment (INSE) Misses Q1 EPS by 14c, Revenues Miss
May 18, 2020 9:03 AM EDTInspired Entertainment (NASDAQ: INSE) reported Q1 EPS of ($0.78), $0.14 worse than the analyst estimate of ($0.64). Revenue for the quarter came in at $52.3 million versus the consensus estimate of $53.89 million.
First Quarter Revenue Increased 55.4% Year-Over-Year, to $52.3 Million, Despite Disruption from the Ongoing COVID-19 Global Pandemic That Has Impacted the Company's Land-Based BusinessFirst Quarter Adjusted EBITDA1 of $10.1 Million Declined Year-Over-Year Primarily Due to the Abrupt Nature of the Customer Closures Related to COVID-19 and the Delay in Realizing Effects from Associated Expense Reductions161 Valor Terminals Sold in North America During the First QuarterStrong... More