UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32622 EVERI HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-0723270 (State or other jurisdiction of ...

LAS VEGAS, Feb. 13, 2024 /PRNewswire/ -- Everi Holdings Inc. (NYSE:EVRI) announced today that it will release its 2023 fourth quarter and full year results before the market opens on Thursday, February 29, 2024, and host a conference call and simultaneous webcast at 11:00 a.m. ET / 8:00 a.m. PT that day. The conference call may be accessed live over the phone by dialing (201) 689-8471. A replay will be available beginning at 2:00 p.m. ET that day and may be accessed by dialing (412) 317-6671; the PIN number ...

Financial Data and Key Metrics Changes - The company reported revenue of $206.6 million, adjusted EBITDA of $96.2 million, and free cash flow of $34.3 million for the quarter, bringing year-to-date free cash flow to $122.1 million [5][37] - Consolidated adjusted EBITDA was essentially flat year over year at $96.2 million, with adjusted EBITDA as a percentage of revenues at 46.6%, down from 47.3% a year ago [17][54] - Net interest expense increased to $20 million from $15 million in the prior year, with a weighted average borrowing rate of approximately 6.7% [18][19] Business Line Data and Key Metrics Changes - The FinTech business saw strong revenue growth, with financial access services increasing by $4 million (7%) and software and other revenues up by 12% [14][59] - The Games business experienced a 1% decline in revenues, with hardware sales down 20% from the prior year [32][33] - Digital Gaming business recorded a 27% revenue growth, driven by the acquisition of Video King assets [13] Market Data and Key Metrics Changes - The company highlighted a return to pre-pandemic daily same-store sales growth of low to mid single-digit year-over-year growth [25] - The company expects to expand its presence in the historical horse racing market and enter the video lottery terminal market in Illinois in the second quarter of 2024 [12] Company Strategy and Development Direction - The company is focused on improving player experience and driving operator efficiencies through its digital neighborhood strategy [7] - New product launches, including the CASHCLUB WALLET and the Buy digital gaming solution, are expected to drive future growth [8][9] - The company plans to maintain R&D spending at 8% to 8.5% of revenues to support growth initiatives [56][125] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the FinTech business continuing to grow at high single digits, while the Games business faces near-term headwinds [59][60] - The company anticipates a slight decline in its install base through the end of the year but expects growth to resume in 2024 [45][60] - Management remains committed to returning excess cash flow to shareholders through share repurchases, with $33.9 million returned in the quarter [24][58] Other Important Information - The company has completed the build-out of a new assembly and warehouse facility in Las Vegas, which is expected to support future growth [75] - The company has a remaining share repurchase authorization of $106 million [24] Q&A Session Summary Question: What is the outlook for the Games business and installations? - Management indicated that the installed base may slightly decline by year-end but expects growth to resume in 2024 as new cabinets gain traction [44][45] Question: How is the overall category market-wide sales trending for the stepper category? - Management remains bullish on mechanical products and believes they will maintain a strong market share despite competition [48][50] Question: What is the case for keeping the Games and FinTech businesses together? - Management highlighted the cost and revenue synergies from the combination of the two businesses, which have performed well since 2014 [65][66] Question: Can you provide insights on the international expansion plans? - Management noted that entering the Australian market, the second largest for gaming machines, presents significant growth opportunities [88] Question: What are the expectations for cash flow and capital expenditures in 2024? - Management expects cash flow to remain stable, with capital expenditures anticipated to be similar to 2023 levels, focusing on customer equipment [99][116]

WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32622 EVERI HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 20-0723270 (State or other jurisd ...

Revenue Performance - Total revenues for Q2 2023 reached $208.7 million, a 5.7% increase from $197.2 million in Q2 2022[10] - Gaming operations revenue was $77.8 million, up 5.8% from $74.1 million in the same period last year[10] - FinTech total revenues increased to $95.6 million, representing an 12.6% growth compared to $84.9 million in Q2 2022[10] - Total revenues for the three months ended June 30, 2023, were $208.7 million, an increase from $197.2 million in the same period of 2022, representing a growth of approximately 7.6%[10] - Games segment total revenues for the three months ended June 30, 2023, were $113.1 million, compared to $112.3 million in 2022, showing a slight increase of 0.7%[96] - FinTech segment total revenues for the three months ended June 30, 2023, reached $95.6 million, up from $84.9 million in 2022, reflecting a growth of about 12.7%[99] Income and Earnings - Net income for the six months ended June 30, 2023, was $55.5 million, down 13.4% from $64.0 million in the same period of 2022[10] - Basic earnings per share for Q2 2023 was $0.31, a decrease from $0.35 in Q2 2022[11] - The company reported a comprehensive income of $27.5 million for Q2 2023, down from $29.9 million in Q2 2022[10] - Operating income for the three months ended June 30, 2023, was $53.3 million, compared to $54.5 million in the same period of 2022, indicating a decrease of approximately 2.3%[10] - Net income for the three months ended June 30, 2023, was approximately $26.8 million, a decrease of 5.6% from $28.4 million in the same period in 2022[56] Assets and Liabilities - Total assets decreased to $1.71 billion as of June 30, 2023, from $1.92 billion at the end of 2022[14] - Total liabilities decreased to $1.47 billion as of June 30, 2023, compared to $1.70 billion at the end of 2022[14] - Cash and cash equivalents dropped to $210.6 million from $293.4 million at the end of 2022[14] - Total current assets as of June 30, 2023, were $528,842, a decrease from $773,206 as of December 31, 2022[14] - The balance of trade and other receivables as of June 30, 2023, was approximately $145.7 million, slightly down from $146.7 million at the end of 2022[63] Cash Flow and Investments - Cash provided by operating activities increased to $96,200,000, up 29.6% from $74,235,000 in the prior year[15] - Net cash used in investing activities rose to $119,085,000, compared to $93,774,000 in the same period last year, reflecting increased acquisitions[15] - The company reported a net decrease in cash and cash equivalents of $79,871,000 for the period, compared to a decrease of $64,150,000 in the prior year[15] - The company reported a total of $215,192,000 in cash, cash equivalents, and restricted cash as of June 30, 2023, down from $295,063,000 at the end of 2022[25] Research and Development - Research and development expenses for the six months ended June 30, 2023, were $32.7 million, up from $26.6 million in the same period last year[10] - Research and development expenses for the three months ended June 30, 2023, were $16.6 million, compared to $14.1 million in 2022, representing an increase of approximately 18%[10] - Research and development expenses for the Games segment increased to $11,172,000 in Q2 2023, compared to $9,467,000 in Q2 2022, a rise of 18.0%[96] Acquisitions - The acquisition of eCash Holdings Pty Limited involved an initial payment of approximately $15 million, with additional payments expected to total around $24.9 million[41] - The acquisition of Venuetize, Inc. was completed for approximately $18.2 million, with total expected consideration reaching approximately $21.0 million[43] - The total purchase consideration for the acquisition of VKGS LLC was approximately $61.3 million, including a post-closing working capital payment of $0.3 million[46][48] - The Company recognized approximately $31.4 million in revenue from beginning contract liabilities during the six months ended June 30, 2023, compared to $21.1 million for the same period in 2022[33] Stock and Shareholder Information - The company had approximately 87.7 million shares issued and outstanding as of June 30, 2023, with 34.6 million shares held in treasury[86] - During the three and six months ended June 30, 2023, the company repurchased 2.7 million shares at an average price of $14.80 per share for a total of $40 million[87] - The remaining availability under the $180 million share repurchase program was $140 million as of June 30, 2023[87] - The company authorized a new share repurchase program not to exceed $180 million, effective until November 3, 2024[86] Debt and Interest - Total long-term debt as of June 30, 2023, was $970.23 million, slightly down from $971.99 million at the end of 2022[69] - The weighted average interest rate on the Term Loan was 7.51% for the three months ended June 30, 2023[74] - The outstanding balance of the senior unsecured notes was $400.0 million, accruing interest at a rate of 5.00% per annum[75] - Interest expenses related to fund usage fees were approximately $5.9 million and $10.2 million for the three and six months ended June 30, 2023, respectively, compared to $1.7 million and $2.7 million for the same periods in 2022[57] Legal and Compliance - The company was in compliance with the covenants and terms of its credit facilities and unsecured notes as of June 30, 2023[76] - The company is involved in various legal proceedings, but believes that the resolution will not have a material adverse impact on its financial condition[77]

© 2023 Everi Holdings Inc. EVERI: WHO WE ARE Digital iGaming E V E R I H O L D I N G S I N C 2 N Y S E : E V R I • Approximately 71% of LTM 1Q-2023 revenue was of a recurring nature which was up 49% to $575 million compared to pre-COVID 2019 • Sticky 3-5 year financial access service contracts; average life of the relationship with our Top 30 customers in excess of 12 years • Regulatory compliance and player loyalty subscription services integrated into casinos operating protocols • As of 3/31/2023, 17,841 ...

Revenue Performance - Total revenues for Q1 2023 reached $200,472,000, a 14.1% increase from $175,616,000 in Q1 2022[10] - Gaming total revenues increased to $107,374,000, up 9.9% from $98,336,000 year-over-year[10] - FinTech total revenues rose to $93,098,000, representing a 20.4% increase compared to $77,280,000 in the same period last year[10] - Total revenues for the Games segment increased to $107,374 thousand in Q1 2023, up 9.4% from $98,336 thousand in Q1 2022[10] - The FinTech segment reported total revenues of $93,098 thousand for Q1 2023, representing a 20.4% increase from $77,280 thousand in Q1 2022[99] Income and Earnings - Operating income for Q1 2023 was $52,046,000, slightly down from $52,591,000 in Q1 2022[10] - Net income for Q1 2023 was $28,066,000, a decrease of 11.6% from $31,522,000 in Q1 2022[10] - Basic earnings per share for Q1 2023 was $0.32, compared to $0.34 in Q1 2022[12] - The company reported a net income of $28,066,000 for Q1 2023, compared to $31,522,000 for Q1 2022, indicating a decrease of approximately 11.5% year-over-year[17] - The effective income tax rate for the three months ended March 31, 2023, was 17.6%, down from 23.6% in the same period of 2022[92] Cash and Assets - Cash and cash equivalents at the end of Q1 2023 totaled $293,207,000, a slight decrease from $293,394,000 at the end of 2022[15] - Total assets decreased to $1,743,570,000 from $1,918,243,000 at the end of 2022[15] - As of March 31, 2023, total trade and other receivables amounted to approximately $143.5 million, a decrease from $146.7 million as of December 31, 2022[65] - Total liabilities decreased to $1,488,323,000 from $1,700,602,000 at the end of the previous year[15] Inventory and Expenditures - Total inventory increased to $68,608,000 as of March 31, 2023, from $58,350,000 at December 31, 2022, representing a 17.7% increase[68] - Capital expenditures for Q1 2023 amounted to $29,821,000, compared to $23,639,000 in Q1 2022[16] - Research and development expenses increased to $10,653 thousand in Q1 2023, compared to $7,630 thousand in Q1 2022, marking a rise of approximately 39.5%[96] Debt and Financing - Total long-term debt was $971,112,000 as of March 31, 2023, slightly down from $971,995,000 at December 31, 2022[72] - The weighted average interest rate on the Term Loan was 7.03% for the three months ended March 31, 2023[75] - The fair value of the $600 million term loan was estimated at $584.301 million as of March 31, 2023, while the fair value of the $400 million unsecured notes was $358 million[32] Acquisitions and Growth - The acquisition of eCash Holdings Pty Limited involved a total consideration of approximately $15 million, with additional payments of AUD$13 million expected[46] - The acquisition of Intuicode Gaming Corporation is expected to total approximately $27.1 million, with contingent consideration based on revenue targets[47] - The acquisition of Video King for approximately $59 million is expected to enhance growth in the Games segment and expand the addressable market for digital gaming content[103] Operational Challenges - The company continues to face challenges from macro-economic volatility, including inflation and supply chain disruptions, impacting operational costs and product delivery[25] - The company experienced macro-economic volatility impacting supply chain and pricing pressures, which have led to increased costs[25] Share Repurchase and Stock Information - As of March 31, 2023, the remaining availability under the existing $150 million share repurchase program was $65.7 million, with no shares repurchased during the three months ended March 31, 2023[88] - On May 3, 2023, the Board of Directors approved a new share repurchase program not to exceed $180 million, replacing the previous program[105] - The weighted average number of common shares outstanding for basic earnings per share was 88,355 thousand for the three months ended March 31, 2023, down from 91,408 thousand in 2022, indicating a decrease of approximately 3.8%[89]

▪ Record quarterly hardware sales of $18.2 million, up 102% Y/Y aided by the contribution from eCash acquisition ▪ Financial access transactions of 33.3 million, up 7% YoY ▪ Delivered more than $10 billion to customer's casino floors for the fourth consecutive quarter, reflecting continued positive casino patron behavior on a year-over-year same-store sales basis ▪ Favorably positioned to leverage industry leadership in financial access funding and self-service player loyalty products to lead the evolution ...

Everi Holdings Inc. (NYSE:EVRI) Q4 2022 Earnings Conference Call March 1, 2023 11:00 AM ET Company Participants Bill Pfund - Senior Vice President, Investor Relations Randy Taylor - Chief Executive Officer Mark Labay - Chief Financial Officer Dean Ehrlich - Games Business Leader Conference Call Participants David Bain - B. Riley Securities Barry Jonas - Truist Securities Jeff Stantial - Stifel Chad Beynon - Macquarie Research David Katz - Jefferies Edward Engel - Roth MKM George Sutton - Craig Hallum John D ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32622 EVERI HOLDING ...