Highlights – Quarter Ended March 31, 2019
• LB completed three acquisitions in the quarter as described below in the Recent Developments section.
• Gaming revenue for the three months ended March 31, 2019 was $20.10M, which represents growth of ~23% compared to the three months ended February 28, 2018.
• Adjusted EBITDA (defined on page 6 under non-IFRS measures) of $8.30M compared to adjusted EBITDA of $4.75M for the three months ended February 28, 2018. This represents growth in adjusted EBITDA of ~75%.
• Net income of $3.81M, compared to a net loss of $2.89M for the three months ended February 28, 2018.
• Basic and diluted earnings per share of $0.031 and $0.026, respectively, compared to a basic and diluted loss per share of $0.041 in the three months ended February 28, 2018.