Everi disclosed updated projections during the investor and analyst conference call that took place following the conclusion of the third quarter.
The organization now anticipates its full-year 2021 income to fall between $90 million and $95 million, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to range from $337 million to $342 million.
Michael Rumbolz, the Chairman and Chief Executive Officer of Everi, stated that the company expects to achieve record financial performance in 2021 as it implements its strategies, while simultaneously establishing a more robust foundation for sustained expansion in 2022 and beyond.
Everi’s semi-annual report reveals that its revenue climbed by 105.1%, while adjusted EBITDA surged by 201.8% year-over-year.
Rumbolz also mentioned that the company is continuing to introduce and integrate new products. On October 4, Everi declared the acquisition of strategic assets from Meter Image Capturing. This technology is currently deployed in more than 20 casinos, gathering progressive meter data and automatically providing this data to back-end audit and finance departments.
Everi is dedicated to providing state-of-the-art products for casino operators and players. They accomplish this by consistently investing in new product development, which is a key factor in their expansion, Rumboltz stated.
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