NASDAQ$FLL

Full House Resorts Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Full House Resorts reported a revenue increase of 23.8% to $73.5 million. Net loss was $8.6 million, or $(0.25) per diluted common share. Adjusted EBITDA rose 34.6% to $14.1 million, driven by American Place's strong growth and accelerated revenue from an online sports wagering skin.

Full House Resorts announced strong second-quarter results with revenue growth driven by American Place and Chamonix Casino Hotel. The company reported increased visitation and unveiling of new amenities at Chamonix. Angi Truebner-Webb was promoted to VP and General Manager of the Silver Slipper Casino and Hotel.

  • Revenues increased 23.8% to $73.5 million.
  • Net loss was $8.6 million, or $(0.25) per diluted common share.
  • Adjusted EBITDA rose 34.6% to $14.1 million.
  • Chamonix Casino Hotel continued its phased opening, with new amenities.

Headline financials

Total Revenue

$73.5M

Previous: $59.4M+23.8%
EPS

-$0.25

Previous: -$0.16-56.3%
Adjusted EBITDA

$14.1M

Previous: $10.5M+34.6%
Adj. EBITDA Midwest & South

$12.3M

No prior period
Adj. EBITDA West

$865K

No prior period
Adj. EBITDA Sports Wagering

$2.58M

No prior period
Capital Expenditures

-$33.9M

Previous: -$89.3M+62.0%
Free Cash Flow

-$42.6M

Previous: -$94.9M+55.1%
Net Income

-$8.63M

Previous: -$5.6M-54.1%
Operating Income

$2.32M

Previous: $594K+289.7%
Cash & Equivalents

$31.1M

Previous: $35.5M-12.5%
Total Assets

$674M

Previous: $671M+0.4%
Stock-Based Comp

$740K

Previous: $655K+13.0%

Revenue & EPS history

Full House Resorts · Revenue · Quarterly

$73.5M

Q2 2024+23.8%vs Q2 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Full House Resorts · $71.5M total across 3 segments · Q3 2023

  • Midwest & South
    $52.6M
  • West
    $11.1M
  • Contracted Sports Wagering
    $7.91M+619.9%

Forward guidance

The company expects to complete the opening of Chamonix's spa and unveil its street-front jewelry store during the third quarter.

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 Q2 2024

Historical avgQ2 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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