Everi (EVRI)

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Everi (EVRI) - 2021 Q2 - Quarterly Report
2021-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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 jurisdictio ...
Everi (EVRI) - 2021 Q1 - Earnings Call Transcript
2021-05-06 02:40
Everi Holdings, Inc. (NYSE:EVRI) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Bill Pfund – Senior Vice President-Investor Relations Mike Rumbolz – Chief Executive Officer Randy Taylor – President and Chief Operating Officer Mark Labay – Chief Financial Officer Dean Ehrlich – Games Business Leader Darren Simmons – FinTech Business Leader Conference Call Participants David Bain – B. Riley Jeff Stantial – Stifel David Katz – Jefferies Barry Jonas – Truist Securities John Davis – ...
Everi (EVRI) - 2021 Q1 - Quarterly Report
2021-05-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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 jurisdicti ...
Everi (EVRI) - 2020 Q4 - Annual Report
2021-03-14 16:00
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, 2020 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 ...
Everi (EVRI) - 2020 Q4 - Earnings Call Transcript
2021-03-10 02:16
Everi Holdings Inc. (NYSE:EVRI) Q4 2020 Earnings Conference Call March 9, 2021 5:00 PM ET Company Participants Bill Pfund - Senior Vice President-Investor Relations Mike Rumbolz - Chief Executive Officer Randy Taylor - President & Chief Operating Officer Mark Labay - Chief Financial Officer Dean Ehrlich - Games Business Leader Darren Simmons - Fintech Business Leader Conference Call Participants David Bain - ROTH Capital Jeff Stantial - Stifel Barry Jonas - Truist Securities Mark Palmer - BTIG Chad Beynon - ...
Everi (EVRI) - 2020 Q3 - Earnings Call Transcript
2020-11-03 01:36
Financial Data and Key Metrics Changes - The third quarter results showed significant improvement in revenues, operating income, adjusted EBITDA, and free cash flow compared to the second quarter of 2020 [6][26] - Adjusted EBITDA was $59.8 million, and free cash flow was $22.8 million, more than doubling the amounts reported for the third quarter of 2019 [26] - The total principal face amount of debt outstanding declined to $1.1 billion, with a net cash position of $128 million at the end of the quarter [26][27] Business Line Data and Key Metrics Changes - In the gaming segment, the installed base of leased machines increased by 7% year-over-year, with a daily win per unit of $32.81, which was just below the average from the third quarter of 2019 [16][18] - The FinTech segment saw cash access revenues improve dramatically over the second quarter, although there was a decline compared to the third quarter of 2019 [21] - Information Services and other revenue grew by 22% year-over-year, driven by an increase in player loyalty subscription revenue [22] Market Data and Key Metrics Changes - The company reported that many casinos continued to reopen, with player attendance being good despite capacity restrictions [15] - The daily win for active games exceeded $37 per unit, indicating strong performance in the installed base [17] - The company expects slot spend by casino operators to remain at reduced levels during the fourth quarter and into the first half of 2021 [20] Company Strategy and Development Direction - The company is focused on long-term strategies and investments across its product portfolio, which has positioned it for growth in both business segments [7][10] - The introduction of the CashClub Wallet is a key advancement, providing convenience for players and cost efficiencies for operators [12][14] - The company aims to continue evaluating and optimizing its general office and warehouse facility needs to support a changing business climate [32] Management's Comments on Operating Environment and Future Outlook - Management expressed guarded optimism about the fourth quarter, expecting adjusted EBITDA to be comparable to the third quarter performance despite typical holiday declines [29] - The company anticipates that adjusted EBITDA as a percentage of total revenues will remain stronger than historical levels due to the current business mix and cost improvements [30] - Management acknowledged uncertainty in the gaming environment but noted that the recovery has occurred quicker and stronger than expected [15][28] Other Important Information - The company received industry recognition for its products, including awards for its premium game theme, The Vault, and its FinTech business [24] - The backlog for loyalty deliveries remains strong, and all future product developments will be under the Trilogy brand [23] Q&A Session Summary Question: Can you describe the current state of the business in metaphorical terms? - Management indicated that the business is off the rugged road and is cautiously optimistic about future performance [36][37] Question: What is the interest level for your game products among new customers? - Management noted that there is growing interest, especially with the success of premium products [38][39] Question: What feedback have you received from customers regarding new products and budgets for next year? - Management reported positive feedback on product strategy but noted that capital budgets may be constrained [43][46] Question: How do you see the digital wallet transforming your business? - Management believes the digital wallet will be additive and enhance existing services, creating new transaction types [50][51] Question: Can you break down the recurring revenue within the FinTech segment? - Management clarified that cash access revenue is primarily recurring, while kiosk and loyalty sales are not [53][55] Question: What are the expectations for unit sales in the fourth quarter? - Management expects slight sequential growth in unit sales, driven by customer capital releases [56][62] Question: Is the company considering acquisitions given the strong free cash flow? - Management confirmed that they are actively looking for accretive tuck-in acquisitions [75]
Everi (EVRI) - 2020 Q3 - Quarterly Report
2020-11-02 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 ...
Everi (EVRI) - 2020 Q2 - Earnings Call Transcript
2020-08-05 06:00
Everi Holdings, Inc. (NYSE:EVRI) Q2 2020 Earnings Conference Call August 4, 2020 5:00 PM ET Company Participants Bill Pfund – Vice President-Investor Relations Mike Rumbolz – Chief Executive Officer Randy Taylor – President and Chief Operating Officer Mark Labay – Executive Vice President and Chief Financial Officer Dean Ehrlich – Games Business Leader Darren Simmons – FinTech Business Leader Conference Call Participants David Bain – ROTH Capital John Davis – Raymond James Barry Jonas – SunTrust Brad Boyer ...
Everi (EVRI) - 2020 Q2 - Quarterly Report
2020-08-04 20:55
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value EVRI New York Stock Exchange For the quarterly period ended June 30, 2020 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 ...
Everi (EVRI) - 2020 Q1 - Earnings Call Transcript
2020-06-03 02:52
Everi Holdings Inc. (NYSE:EVRI) Q1 2020 Earnings Conference Call June 2, 2020 5:00 PM ET Company Participants Bill Pfund - Vice President of Investor Relations Mike Rumbolz - Chief Executive Officer Randy Taylor - President & Chief Operating Officer Mark Labay - Executive Vice President & Chief Financial Officer Dean Ehrlich - Games Business leader Darren Simmons - FinTech Business Leader Conference Call Participants Brad Boyer - Stifel David Katz - Jefferies Barry Jonas - SunTrust John Davis - Raymond Jame ...