Neogames S A 's (NGMS) Outlook

Company Name, Ticker, Industry, else..

Neogames S a (NASDAQ: NGMS)

Sector • Services Industry • Movies and Entertainment

Neogames S a Outlook

On March 6 2024 the Neogames S a provided following guidance

NeoGames S.A. reported their financial results for the fourth quarter and full year of 2023. The company reported total revenues for the full year 2023, including their share of Net Playable Instant (NPI) revenues, amounted to $254.6 million. However, they also disclosed a net loss of $18.3 million for the same period.

It is worth noting that after adjusting for the amortization of Aspire intangibles, NeoGames reported an adjusted net income of $12.8 million for the full year 2023. Additionally, their adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the year totaled $76.2 million, representing a 39.8% increase compared to the previous year.

Looking ahead, NeoGames provided an update on the expected timeline for the completion of the Aristocrat Business Combination, indicating that it is anticipated to be finalized during the second quarter of 2024. This strategic move is poised to further enhance NeoGames' market position and drive future growth opportunities for the company.

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