Integrity Gaming Corp. V.IGAM

NEWS

[Riverfolk]

2017-05-23 15:32 ET - News Release

 

Mr. Peter Macy reports

POYDRAS GAMING FINANCE CORP. ANNOUNCES 2017 FIRST QUARTER FINANCIAL RESULTS

Poydras Gaming Finance Corp. has released its financial results for the first quarter ended March 31, 2017 (all amounts are stated in U.S. dollars unless otherwise indicated). 

First Quarter 2017 Highlights & Financial Results 

Revenue increased 13% to $4.2 million from $3.7 million in Q1 2016, and 3% from $4.0 million in Q4 2016. Adjusted EBITDA of $2.4 million versus $2.3 million in Q4 2016. Net loss of $1.2 million for Q1 2017. Approximately 2,665 gaming machines in operation at the end of Q1 2017, compared to 2,471 at the end of Q1 2016.

"The results in the first quarter of 2017 reflect our continuing efforts to build a strong long-term base of recurring revenue through expanding our deployed machine base, optimizing our machine placements, and creating growth opportunities through innovative gaming technologies," said Peter Macy, CEO of Poydras Gaming. "The progress we have made on these fronts will ensure revenue and earnings growth in future quarters."

 

[lscfa]

Cash flow,is more relevant...     CFO Adj ebitda Q1 17 944,371 2,444,522 Q4 16 1,529,388 2,315,913 Q3 16 -5,141 2,395,417 Q2 16

[Teflon2Hype]

In the real business world, making money is the only thing that is relevant. That is the only reason why we get into business in the first place. In your world where losing money is a good thing once you slice and dice it and throw on rose cloured glasses really does not matter to anyone worth a lick. We’ll never buy a company when the managers talk about EBITDA. There are more frauds talking

[Chutzpah]

[Teflon2Hype]

Loss of another $1+ million. The game was obvious from day one, but few cared to listen.