AP Gaming Holdco, Inc.

CIK:0001593548|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Mar. 31, 2025

Mar. 31, 2024

Revenues

Total revenues

$ 94,825

$ 95,973

Operating expenses

Selling, general and administrative

18,005

18,110

Research and development

13,244

10,918

Write-downs and other charges

558

(24)

Depreciation and amortization

19,185

19,439

Total operating expenses

78,242

76,173

Income from operations

16,583

19,800

Other expense (income)

Interest expense

12,117

13,980

Interest income

(599)

(685)

Loss on extinguishment and modification of debt

1,636

Other expense (income)

430

(137)

Income before income taxes

4,635

5,006

Income tax expense

(1,424)

(661)

Net income

3,211

4,345

Foreign currency translation adjustment

1,480

922

Total comprehensive income

$ 4,691

$ 5,267

Basic and diluted income per common share:

Basic (in dollars per share)

$ 0.07

$ 0.11

Diluted (in dollars per share)

$ 0.07

$ 0.1

Weighted average common shares outstanding:

Basic (in shares)

41,266

39,205

Diluted (in shares)

41,336

39,346

Gaming Operations [Member]

Revenues

Total revenues

$ 64,939

$ 62,060

Operating expenses

Cost of goods and services

^[1]

13,051

12,074

Equipment Sales [Member]

Revenues

Total revenues

29,886

33,913

Operating expenses

Cost of goods and services

^[1]

$ 14,199

$ 15,656

[1]	exclusive of depreciation and amortization