Inspired Reports Third Quarter 2020 Results
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Inspired Entertainment (INSE) Tops Q3 EPS by 62c, Revenues Beat
November 12, 2020 7:55 AM ESTInspired Entertainment (NASDAQ: INSE) reported Q3 EPS of $0.01, $0.62 better than the analyst estimate of ($0.61). Revenue for the quarter came in at $60.1 million versus the consensus estimate of $40.32 million.
Total Revenue increased to $60.1 million, from $15.6 million in second quarter 2020 and $26.6 million in third quarter 2019 on a reported basis5. Third quarter 2020 revenue included a $9.3 million payment from a UK LBO customer related to our contractual revenue share of a customer's VAT rebate ("VAT-related income") and $24.3 million from the Novomatic Gaming Technology Group that Inspired acquired on October 1, 2019 ("Acquired Businesses").Adjusted EBITDA increased to $25.0... More