EVERI REPORTS FIRST QUARTER 2023 RESULTS
LAS VEGAS, May 10, 2023 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), today announced results for the first quarter ended March 31, 2023.
- Software and other revenues, which include Loyalty and RegTech software, product subscriptions, kiosk maintenance services, and other revenues, rose 35% to $24.2 million in the first quarter of 2023 compared to $17.9 million in the first quarter of 2022.
- Approximately 72% and 80% of software and other revenues were of a recurring nature in the 2023 and 2022 first quarter periods, respectively.
- Total debt decreased to $986.5 million at March 31, 2023, from $992.5 million as of December 31, 2022, as the Company paid $6.0 million on its secured term loan during the 2023 first quarter.
- The Company will host an investor conference call to discuss its 2023 first quarter results at 11:00 a.m. EDT (8:00 a.m. PDT) today.