NASDAQ$FLL
Full House Resorts Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Full House Resorts announced first quarter results, impacted by COVID-19 pandemic and subsequent casino closures.
Full House Resorts reported a decrease in net revenues for the first quarter of 2020, down 23.8% to $30.9 million compared to $40.5 million in the prior-year period. The company experienced a net loss of $(4.4) million, or $(0.22) per diluted common share, compared to a net loss of $(1.6) million, or $(0.06) per diluted common share, in the prior-year period. Adjusted EBITDA was $(1.2) million versus $3.6 million in the first quarter of 2019, impacted by the COVID-19 pandemic.
- Net revenues decreased by 23.8% to $30.9 million due to COVID-19 related closures.
- Net loss was $(4.4) million, or $(0.22) per diluted share.
- Adjusted EBITDA was $(1.2) million, down from $3.6 million in the prior year.
- Silver Slipper anticipates reopening by May 22, 2020, with all properties expected to have reopened by June 14, 2020.
Headline financials
Revenue & EPS history
Full House Resorts · Revenue · Quarterly
$30.9M
Revenue by segment
Full House Resorts · $71.5M total across 3 segments · Q3 2023
- Midwest & South$52.6M—73.5%
- West$11.1M—15.5%
- Contracted Sports Wagering$7.91M+619.9%11.0%
Forward guidance
The company anticipates reopening its properties with new safety protocols and expects sports wagering agreements to generate significant annual revenue.
Tailwinds
- Silver Slipper expected to reopen by May 22, 2020.
- All properties expected to reopen by June 14, 2020.
- Mobile sports wagering providers now licensed in Colorado.
- First mobile sports wagering provider in Colorado expected to launch by end of May 2020.
- Sports wagering agreements are expected to generate at least $7.0 million of annual revenue for ten years.
Headwinds
- COVID-19 pandemic caused temporary shutdowns of casinos.
- Uncertainty remains regarding the full impact of COVID-19 on future operations.
- Construction of parking garage at Bronco Billy’s suspended to conserve capital.
- Discussions continue regarding covenant amendments with lenders.
- Potential for loan forgiveness under the CARES Act is uncertain.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.8%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+4.4%
Avg return
30 days after
55%
35 / 64 earnings
Positive
+40.4%
Q2 2020
Best reaction
-37.2%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | +12.3% | -2.8% | |
| Q4 2026 | +17.6% | +25.1% | +12.3% | |
| Q3 2026 | +10.2% | +12.6% | +16.3% | |
| Q1 2025 | -5.5% | +9.7% | -4.5% | |
| Q4 2024 | +2.9% | +1.9% | -19.8% | |
| Q3 2024 | -4.1% | -2.0% | -11.9% | |
| Q2 2024 | -0.2% | +1.6% | +0.8% | |
| Q1 2024 | +6.0% | +2.6% | +0.0% | |
| Q4 2023 | +0.4% | -2.3% | +3.3% | |
| Q3 2023 | +21.8% | +19.7% | +32.3% | |
| Q2 2023 | -17.2% | -15.6% | -25.4% | |
| Q1 2023 | +7.2% | +3.3% | +12.8% | |
| Q4 2022 | -9.4% | -19.6% | -30.2% | |
| Q3 2022 | -5.5% | +5.4% | +10.5% | |
| Q2 2022 | +3.9% | +9.6% | +11.1% | |
| Q1 2022 | -21.3% | -13.7% | -9.0% | |
| Q4 2021 | +22.3% | +14.1% | +19.6% | |
| Q3 2021 | +2.8% | +3.1% | +10.0% | |
| Q2 2021 | +5.2% | +1.9% | +1.2% | |
| Q1 2021 | -0.2% | -9.2% | +4.6% | |
| Q4 2020 | +16.9% | +20.7% | +27.5% | |
| Q3 2020 | +21.9% | +39.6% | +39.3% | |
| Q2 2020 | +40.4% | +34.8% | +53.9% | |
| Q1 2020 | -2.7% | +14.7% | +15.3% | |
| Q4 2019 | -37.2% | -59.8% | -32.8% | |
| Q3 2019 | +13.7% | +21.5% | +42.3% | |
| Q2 2019 | +3.4% | +7.5% | +8.6% | |
| Q1 2019 | -12.1% | -16.7% | -22.3% | |
| Q4 2018 | +0.9% | +3.3% | -4.3% | |
| Q3 2018 | -1.4% | -7.6% | -25.7% | |
| Q2 2018 | +1.2% | -0.7% | +1.3% | |
| Q1 2018 | -1.2% | -2.0% | -1.7% | |
| Q4 2017 | +0.3% | +0.6% | +3.5% | |
| Q3 2017 | +0.3% | +9.4% | +21.6% | |
| Q2 2017 | +2.0% | -0.8% | +0.0% | |
| Q1 2017 | +0.4% | +0.9% | +1.3% | |
| Q4 2016 | +0.0% | -2.6% | +5.7% | |
| Q3 2016 | +2.4% | +0.0% | +13.9% | |
| Q2 2016 | -0.2% | -4.1% | -7.7% | |
| Q1 2016 | +6.2% | — | — | |
| Q4 2015 | +5.6% | — | — | |
| Q3 2015 | +8.4% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q4 2014 | -5.9% | — | — | |
| Q3 2014 | +2.4% | — | — | |
| Q2 2014 | -22.2% | — | — | |
| Q1 2014 | -18.8% | — | — | |
| Q4 2013 | +1.2% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -3.5% | — | — | |
| Q1 2013 | +4.6% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q2 2012 | -5.1% | — | — | |
| Q1 2012 | -0.3% | — | — | |
| Q4 2011 | -3.8% | — | — | |
| Q3 2011 | -4.2% | — | — | |
| Q2 2011 | -3.0% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2010 | +1.7% | — | — | |
| Q2 2010 | -3.7% | — | — | |
| Q1 2010 | +2.3% | — | — |
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