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Everi Holdings Inc   (EVRI)
Other Ticker:  
 
    Sector  Services    Industry Hotels & Tourism
   Industry Hotels & Tourism
   Sector  Services
 
Price: $9.1100 $0.22 2.475%
Day's High: $9.12 Week Perf: -2.15 %
Day's Low: $ 8.82 30 Day Perf: -16.27 %
Volume (M): 1,509 52 Wk High: $ 17.85
Volume (M$): $ 13,742 52 Wk Avg: $13.05
Open: $8.82 52 Wk Low: $8.75



 Market Capitalization (Millions $) 841
 Shares Outstanding (Millions) 92
 Employees 900
 Revenues (TTM) (Millions $) 808
 Net Income (TTM) (Millions $) 84
 Cash Flow (TTM) (Millions $) -23
 Capital Exp. (TTM) (Millions $) 145

Everi Holdings Inc

Everi is dedicated to providing video and mechanical reel gaming content and technology solutions, integrated gaming payments solutions and compliance and efficiency software. Everi Games provides: (a) comprehensive content, electronic gaming units and systems for Native American and commercial casinos, including the award winning TournEvent® slot tournament solution; and (b) the central determinant system for the video lottery terminals (“VLTs”) installed at racetracks in the State of New York. Everi Payments provides: (a) access to cash at gaming facilities via Automated Teller Machine (“ATM”) cash withdrawals, credit card cash access transactions, point of sale (“POS”) debit card transactions, and check verification and warranty services; (b) fully integrated gaming industry kiosks that provide cash access and related services; (c) products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; (d) compliance, audit and data solutions; and (e) online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.

On December 19, 2014, Holdings completed the acquisition of Everi Games Holding. Pursuant to the terms of the Agreement and Plan of Merger, dated as of September 8, 2014 (the “Merger Agreement”), by and among Holdings, Movie Merger Sub, Inc., a wholly owned subsidiary of Holdings (“Merger Sub”), and Everi Games, Merger Sub merged with and into Everi Games Holding, with Everi Games Holding continuing as the surviving corporation (the “Merger”). In the Merger, Everi Games Holding became a wholly owned subsidiary of Holdings. Also, as a result of the Merger, each outstanding share of common stock, par value $0.01 per share, of Everi Games Holding, other than shares held by Holdings, Everi Games Holding, Merger Sub or their respective subsidiaries, was cancelled and converted into the right to receive $36.50 in cash, without interest. We refer to the consideration paid for the shares of Everi Holdings common stock, together with the consideration paid in connection with the acceleration and full vesting of certain Everi Games Holding equity awards, as the “Total Merger Consideration”.

Holdings was formed as a Delaware limited liability company on February 4, 2004 and was converted to a Delaware corporation on May 14, 2004. Our principal executive offices are located at 7250 South Tenaya Way, Suite 100, Las Vegas, Nevada 89113. Our telephone number is (800) 833-7110. Our website address is www.everi.com.

Our operating segments were previously organized and managed under five business segments: (a) Cash Advance, (b) ATM, (c) Check Services, (d) Games, and (e) Other. During the first quarter of 2015, we changed our organizational structure as part of our transformation to a Games and Payments company providing solutions to the gaming industry.

With respect to our Games business, we have expanded our licensing into new jurisdictions, increased investment in research and development, and introduced premium game products (which typically include high definition (“HD”) dual-screens, liquid crystal display (“LCD”) panels, and red green blue (“RGB”) top box lighting). From its historical focus on placement of standard games into the Oklahoma and Washington tribal markets, Everi Games has diversified its installed base in recent years with entry into new commercial and tribal markets as well as the development and placement of premium products. Everi Games has grown premium game installations with approximately 1,750 units installed (representing more than 13% of our installed base) since entering the category three years ago. Development of high-earning premium games has supported Everi Games’ ability to enter new markets, expand its footprint, and provide broad and new content across its installed base.

Our Payments products and services include solutions that we provide directly to gaming establishments to offer their patrons cash access related services and products including: access to cash at gaming facilities via Automated Teller Machine (“ATM”) cash withdrawals, credit card cash access transactions and POS debit card transactions; check-related services; fully integrated kiosks and maintenance services; compliance, audit and data software; casino credit data and reporting services and other ancillary offerings.



   Company Address: 7250 S. Tenaya Way Las Vegas 89113 NV
   Company Phone Number: 833-7110   Stock Exchange / Ticker: NYSE EVRI
   


Customers Net Income fell by EVRI's Customers Net Profit Margin fell to

-46.46 %

12.05 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
IGT   -13.91%    
AXP   -0.75%    
BAC        0.14% 
C        2.05% 
FI   -0.07%    
MA        1.27% 
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Everi Holdings Inc

Everi Holdings Inc Reports Single-Digit Revenue Decline in Fourth Quarter of 2023

Everi Holdings Inc, a leading provider of casino gaming software and financial technology solutions, recently reported a decline in revenue for the October to December 31, 2023 financial span. The company's revenue decreased by 6.491% to $192.03 million, causing the bottom-line to tumble by 92.68% to $0.02 compared to $0.30 recorded in the comparable quarter one year ago.
The decrease in revenue was accompanied by a decline in earnings per share (EPS), which vanished by 92.32% from $0.29 per share in the prior quarter. Additionally, the net earnings for the October to December 31, 2023 financial span fell by 93% from $27.037 million in the corresponding period a year before, amounting to $1.892 million.

Everi Holdings Inc

Everi Holdings Inc. Shows Steady Growth Throughout July-September 2023, Setting the Stage for Future Success

Everi Holdings Inc, a prominent player in the Hotels & Tourism industries, recently released its third quarter financial report for 2023. While the company experienced a modest revenue advance of 1.117% compared to the same quarter last year, it unfortunately witnessed a decline in income by -3.33%.
In terms of numbers, the revenue for the third quarter stood at $206.60 million, with earnings per share at $0.29. However, when we compare these figures to the performance of Everi Holdings Inc's peers in the industry, it is apparent that the company fell short. Other companies in the sector reported a substantial revenue advance of 15.27% relative to the same period a year ago.
Compared to the previous quarter, the income per share remained unchanged at $0.29, while the revenue declined by -1.014% from $208.72 million. Additionally, the net earnings for the July to September period of 2023 dropped by -9.41% from $29.409 million in the corresponding period last year, amounting to $26.643 million.
Everi Holdings Inc made a deliberate shift in focus during the third quarter to improve sales, leading to a slight decrease in net margin to 12.9%. As the business operates in a seasonal industry, inventories declined to $73.4 million from the previous quarter. However, it's worth noting that this still marks an increase compared to the same period last year.
Operating earnings took a hit as well, falling by -3.97% to $52.447 million, causing Everi Holdings Inc's operating margin to shrink to 25.39% from 26.73% in the third quarter of 2022. This decline indicates a decrease in profitability for the company.

Everi Holdings Inc

Everi Holdings Inc Faces Profitability Challenges as Earnings Decline and Revenue Rises in Q2 2023

Everi Holdings Inc (EVRI) has reported mixed earnings for the second quarter of the 2023 earnings season. While revenue experienced a modest increase of 5.828% to $208.72 million compared to $197.22 million in the previous year, income fell by -12.12% to $0.29 per share, in contrast to the $0.33 per share reported in the prior year's financial period. Additionally, revenue saw a 4.113% increase from the preceding period, but income per share decreased by -3.33% from $0.30 per share.
Furthermore, net profits for the April to June 2023 financial period declined by -15.76% to $27.396 million compared to $32.521 million in the corresponding period a year earlier. The company has shifted its focus towards improving sales in the second quarter of 2023, resulting in a decrease in net margin to 13.13%. This indicates that Everi Holdings Inc is facing challenges in maintaining profitability.

Everi Holdings Inc

Everi Holdings Inc's Revenue Surges in Q1 2023, But Earnings Per Share Take a Hit

Everi Holdings Inc (EVRI), a fintech company that specializes in providing gaming and financial technology solutions, recently released its financial results for the first quarter of 2023. While the company saw a substantial increase in revenue, its earnings per share (EPS) experienced a reduction.
In the first quarter of 2023, EVRI recorded revenue of $200.47 million, representing an increase of 14.154% compared to the same period in the previous year. However, its EPS decreased by -3.23% to $0.30 per share from the previous year?s first quarter. The company?s net profit per share also fell by -1.42% from the prior year's first quarter, coming in at $0.30 per share.






 

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