PlayAGS(US:AGS)2023-08-04 07:02Q2 2023 Financial Highlights - Total revenue reached a record $89.8 million, a 17% year-over-year increase[6] - Adjusted EBITDA also hit a record $39.6 million, up over 15% year-over-year[6] - Free cash flow increased by 38% year-over-year, reaching $12.6 million[6] - The company generated net income of $851 thousand[6] EGM Segment Performance - Global EGM sales increased by 35% year-over-year, topping 1,250 units, and exceeding Q2 2019 levels by 7%[6] - Total EGM units sold were 1,259, compared to 934 in Q2 2022, representing a 35% increase[29] - Domestic EGM recurring revenue grew 7% year-over-year, outpacing the market's 2% to 3% growth[6] - International EGM revenue per day (RPD) increased by 33% year-over-year to $8.90[30] - Equipment sales revenue increased 42% from $19.929 million to $28.331 million[29] Table Products and Interactive Segments - Table Products revenue reached a record $4.4 million, a 25% increase year-over-year[6] - Interactive segment revenue increased 6% year-over-year to $2.8 million[38] - RMG revenue within the Interactive segment grew by approximately 10% year-over-year to a record $2.3 million[39] Balance Sheet and Outlook - The company aims to exit 2023 with net leverage in the range of 3.25x to 3.50x[6]