Inspired(US:INSE)2022-05-15 22:33Company Overview - Inspired Entertainment is a leading B2B provider of gaming content, systems, and solutions across online/mobile and retail channels [4] - The company generates recurring revenues through long-term contracts [4, 21] Growth Drivers - The company launched iGaming and Online Virtuals in Ontario in Q2 2022 [8] - The company continues to grow capital efficient Interactive and Virtual Sports businesses [8] - The company was awarded a 720-unit Valor™ terminal award in Saskatchewan [8] - The company announced Loto-Quebec as its first iLottery customer [8] Financial Performance (Q1 2022) - Virtual Sports Adjusted EBITDA increased 90% year-over-year to $9.4 million from $4.9 million in Q1 2021 [23] - Q1 2022 Adjusted EBITDA was $20.1 million, a 166% increase over Q1 2021's $3.9 million [24] - Q1 2022 Adjusted EBITDA margin was 33%, a significant improvement over 17% in Q1 2021 [24] Market Capitalization (as of May 9, 2022) - Equity Market Capitalization was $246.3 million [28] - Net Debt was $279.3 million [28] - Implied Enterprise Value was $525.6 million [28]