Installed Base Increases 415 Units on a Quarterly Sequential Basis,
Driving
Record Gaming Operations Revenue of $38.0 Million
AUSTIN, Texas — (BUSINESS WIRE) — July 30, 2014 — Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or the “Company”) today reported operating results for its fiscal 2014 third quarter ended June 30, 2014, as summarized below:
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Summary of 2014 Q3 Results
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Three Months Ended
June 30, |
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| 2014 | 2013 | ||||||||
| Revenue | $ | 50.3 | $ | 48.1 | |||||
| Operating income(1) | $ | 12.5 | $ | 14.0 | |||||
| Net income(1) | $ | 7.6 | $ | 8.4 | |||||
| Diluted earnings per share (1) | $ | 0.25 | $ | 0.28 | |||||
| Adjusted diluted earnings per share (2) | $ | 0.26 | $ | 0.28 | |||||
| EBITDA (1,3) | $ | 25.9 | $ | 25.0 | |||||
| Units sold | 616 | 647 | |||||||
| Domestic participation installed units: | |||||||||
| Average | 12,882 | 11,946 | |||||||
| Quarter-end | 13,167 | 12,163 | |||||||
| (1) | Operating income, net income, EBITDA and diluted earnings per share for the three month period ended June 30, 2014 reflect pre-tax, non-recurring severance related charges of approximately $0.6 million, or $0.01 per diluted share. | |
| (2) | Adjusted diluted earnings per share represents the add-back of the non-recurring severance related charges incurred during the three month period ended June 30, 2014. | |
| (3) | EBITDA is defined as net income before net interest expense, income taxes, depreciation, amortization and accretion of contract rights. A reconciliation of EBITDA to net income, the most comparable Generally Accepted Accounting Principles (“GAAP”) financial measure, can be found attached to this release. | |
