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Inspired(INSE) - 2024 Q4 - Annual Report
2025-03-26 20:01
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, 2024 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ COMMISSION FILE NUMBER: 001-36689 INSPIRED ENTERTAINMENT, INC. (Exact name of registrant as specified in its charter) | Delaware | 47-1025534 | | --- | -- ...
Inspired Entertainment: Undervalued For A Reason
Seeking Alpha· 2025-03-20 08:31
Core Insights - The article discusses the expertise of a specialized equity analyst in the restaurant sector, focusing on various dining segments in the U.S. market [1] Group 1: Company Overview - The company, Goulart's Restaurant Stocks, is dedicated to analyzing restaurant stocks across multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] Group 2: Industry Engagement - The analyst actively participates in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] - Previous contributions include writing for Investing, where topics such as monetary policy, financial education, and financial modeling were discussed [1]
Inspired Entertainment Announces Long-Term Contract Extension with Buzz Bingo
Newsfilter· 2025-03-18 12:30
NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ:INSE), a leading provider of gaming content, systems, and solutions, is pleased to announce the extension of its partnership with Buzz Bingo, Britain's leading omni-channel bingo operator. This contract extension marks a significant milestone in the long-standing collaboration between Inspired and Buzz Bingo, ensuring the supply of 500 Category B3 and C terminals across 79 Buzz Bingo venues. This ...
Inspired(INSE) - 2024 Q4 - Annual Results
2025-03-17 21:15
INSPIRED REPORTS FOURTH QUARTER AND YEAR END 2024 RESULTS New York, New York, March 17, 2025 - Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware and services, today reported financial results for the three-month period and fiscal year ended December 31, 2024. "We ended the year with a fourth quarter that reflects the strength and resilience of our diversified business model," said Lorne Weil, Executive Chairman of Inspir ...
Inspired Entertainment (INSE) Tops Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-17 14:40
Core Viewpoint - Inspired Entertainment reported quarterly earnings of $2.33 per share, significantly exceeding the Zacks Consensus Estimate of $0.29 per share, marking an earnings surprise of 703.45% compared to break-even earnings per share a year ago [1] - The company posted revenues of $83 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.14% and showing an increase from year-ago revenues of $81.2 million [2] Financial Performance - Over the last four quarters, Inspired Entertainment has surpassed consensus EPS estimates only once [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.03 on revenues of $66.2 million, and for the current fiscal year, it is $0.81 on revenues of $305 million [7] Market Performance - Inspired Entertainment shares have declined approximately 7.5% since the beginning of the year, while the S&P 500 has decreased by 4.1% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Technology Services industry, to which Inspired Entertainment belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Inspired(INSE) - 2024 Q4 - Earnings Call Transcript
2025-03-17 14:34
Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 was $30.9 million, up 22% from the previous year, with full-year adjusted EBITDA of $100.1 million compared to $99.3 million for 2023 [6][8] - The company received a letter from the SEC indicating that their inquiry is now closed, with no further action required [7] Business Line Data and Key Metrics Changes - The Interactive business saw revenue and EBITDA growth of 45% and 105% respectively in Q4, accounting for approximately 22% of overall company EBITDA [8][12] - The Digital business is expected to approach 60% of EBITDA by year-end, driven by growth in Interactive and modest acceleration in Virtual Sports [12][29] - The land-based gaming segment had EBITDA growth of 42% year-over-year in Q4, attributed to gaming hardware sales [25] Market Data and Key Metrics Changes - The company noted that in states with both iGaming and Sports Betting, iGaming outperforms Sports Betting by a ratio of 4 or 5 to 1 [9] - The company is optimistic about the potential growth in the Brazilian market, which is expected to become a significant contributor [53] Company Strategy and Development Direction - The company is focusing on enhancing product development in the Virtual Sports segment, which had previously been under-invested due to the success of Interactive [74] - The company is exploring the sale of its holiday parks segment while maintaining a strong performance in other business areas [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business structure, with over 85% of revenue being contractually recurring [13] - The company anticipates that the eventual spread of iGaming legislation across states is inevitable, providing limitless opportunities [10] Other Important Information - The company plans to file its 10-K by the end of the week following the earnings call [7] - The company is working on a new credit facility expected to be more flexible and likely at floating rates [16] Q&A Session Summary Question: Challenges in Virtual Sports segment - Management acknowledged that the struggles are primarily driven by one customer but noted stabilization and modest growth in the rest of the business [32][34] Question: Update on M&A strategy - The company is exploring the sale of holiday parks and remains open to M&A opportunities that fit their criteria [36][39] Question: U.K. white paper impact - Management expects minimal impact from new stake limits and is hopeful for liberalization of B3 cabinets, which would benefit sales [42][44] Question: Cash balance guidance - Management indicated that cash balance may be slightly lower than previously guided due to delays in receivables [45][46] Question: CapEx needs and cash flow - CapEx needs are planned and budgeted, with no unexpected expenses anticipated [60][62] Question: Opportunities in lottery business - The company is excited about the launch of a new cloud-based lottery system and sees significant growth potential in the lottery segment [64][68]
Inspired Reports Fourth Quarter and Year End 2024 Results
GlobeNewswire· 2025-03-17 12:24
Fourth Quarter Revenue of $83.0 million, driven primarily by record Interactive revenue, up 45% year-over-yearFourth Quarter Net Income of $68.0 million and Adjusted Net Income of $4.7 millionFourth Quarter Adjusted EBITDA of $30.9 million, up 22% from last year and driven by record Interactive Adjusted EBITDA, up 105% year-over-year NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, ha ...
Inspired Entertainment and Welcome Break Extend Partnership
GlobeNewswire· 2025-03-14 20:15
NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware, and services, today announced the extension of its long-standing partnership with Welcome Break, one of the UK’s leading motorway service area operators, running 60 service areas and 31 hotels across the UK. Under this new agreement, Inspired will serve as the sole supplier of gaming machines to Welcome Break. The agreement in ...
Inspired Entertainment Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-03-14 05:29
Financial Results - Inspired Entertainment, Inc. is set to release its fourth-quarter financial results on March 17, with expected earnings of 15 cents per share, a decrease from 17 cents per share in the previous year [1] - The projected quarterly revenue is $79.19 million, down from $81.2 million a year earlier [1] Partnership Expansion - On March 10, Inspired Entertainment announced an expansion of its partnership with Rush Street Interactive, Inc. [2] - Following the announcement, Inspired Entertainment shares fell by 6.4%, closing at $8.03 [2] Analyst Ratings - JMP Securities analyst David Scharf has a Market Outperform rating with a price target of $14, with an accuracy rate of 66% [3] - B. Riley Securities analyst David Bain reinstated a Buy rating with a price target of $21, achieving an accuracy rate of 65% [3] - Truist Securities analyst Barry Jonas maintained a Buy rating but reduced the price target from $21 to $19, also with an accuracy rate of 65% [3]
Inspired Expands Global Partnership with Rush Street Interactive via RushBet in Mexico, Colombia, Peru and BetRivers in the U.S. State of Delaware
GlobeNewswire· 2025-03-10 12:30
Core Insights - Inspired Entertainment, Inc. has expanded its partnership with Rush Street Interactive, Inc. to introduce iGaming content to new markets including Mexico, Colombia, Peru, and Delaware, building on previous successes in New Jersey, Michigan, and Pennsylvania [1][2][3] Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, technology, hardware, and services, operating in approximately 35 jurisdictions worldwide [4] - The company supplies gaming systems and associated terminals for around 50,000 gaming machines and offers virtual sports products through more than 32,000 retail venues [4] - Inspired's digital games are available on over 170 websites, and it has a total installed base of more than 16,000 terminals for amusement entertainment solutions [4] Partnership Details - The iGaming content will be launched through RSI's RushBet platform in Mexico, Colombia, and Peru, and the BetRivers platform in Delaware [2] - Both companies express optimism about the partnership, highlighting the potential for success in the expanding gaming landscape [3]