NASDAQ$INSE

Inspired Entertainment Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Inspired's Q1 2021 financial results were reported, reflecting the impact of COVID-19 closures and growth in Interactive and Online Virtuals channels.

Inspired Entertainment reported Q1 2021 results with a total revenue of $22.8 million, a net loss of $16.7 million, and Adjusted EBITDA of $3.9 million. The company's land-based businesses were significantly impacted by COVID-19 closures, while Interactive and Online Virtuals channels showed strong growth.

  • Total revenue reached $22.8 million.
  • Net loss amounted to $16.7 million.
  • Adjusted EBITDA was $3.9 million.
  • Interactive revenue increased by 143.2% year-over-year.

Headline financials

Total Revenue

$22.8M

Previous: $52.3M-56.4%
EPS (adj)

-$0.74

Previous: -$0.78+5.1%
Capital Expenditures

-$2M

Previous: -$8.4M+76.2%
Free Cash Flow

-$18.7M

Previous: -$25.8M+27.5%
Net Income

-$16.7M

Previous: -$17.4M+4.0%
Operating Income

-$12.2M

Previous: -$7.2M-69.4%
Gross Profit

$20.7M

Previous: $1.2M+1625.0%
Cash & Equivalents

$41.2M

Previous: $48.5M-15.1%
Total Assets

$301M

Previous: $331M-8.9%
Stock-Based Comp

$1.4M

Previous: $1M+40.0%

Revenue & EPS history

Inspired · Revenue · Quarterly

$22.8M

Q1 2021-56.4%vs Q1 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Inspired · $22.8M total across 4 segments · Q1 2021

  • Gaming
    $10.8M
  • Virtual Sports
    $6.3M-29.2%
  • Interactive
    $5.2M
  • Leisure
    $500K

Forward guidance

Management expects third quarter 2021 Adjusted EBITDA to be $28.0 million to $30.0 million, with Adjusted EBITDA margins of 38.0% to 39.0%, assuming land-based businesses reopen by the end of second quarter 2021.

Tailwinds

  • Strong consumer demand in markets upon full reopening.
  • More efficient cost structure.
  • Improved liquidity.
  • Larger customer base.
  • Increased growth opportunities.

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 2021

Historical avgQ1 2021

+2.8%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+2.6%

Avg return

30 days after

45%

20 / 44 earnings

Positive

+23.3%

Q1 2022

Best reaction

-11.8%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.2%+1.9%+3.6%
Q4 2025-4.4%-21.1%-18.0%
Q3 2025+12.8%+9.9%+15.7%
Q1 2025+4.6%+13.7%+8.4%
Q4 2024+9.6%+5.6%-12.4%
Q3 2024+4.6%+6.6%-4.3%
Q2 2024+5.1%+2.9%+7.0%
Q1 2024-6.5%-7.2%-3.1%
Q4 2023-3.9%-7.1%-8.5%
Q3 2023-7.6%-6.9%-4.8%
Q2 2023-4.5%-2.4%-6.0%
Q1 2023+11.1%+12.3%+19.9%
Q4 2022-11.8%-17.8%-23.7%
Q3 2022+16.5%+21.5%+25.3%
Q2 2022+14.8%+11.8%+1.0%
Q1 2022+23.3%+25.2%+35.2%
Q4 2021+10.7%+18.1%-16.9%
Q3 2021+6.0%-0.2%-19.3%
Q2 2021+4.1%+2.1%+3.4%
Q1 2021-0.9%-7.0%+37.7%
Q4 2020+23.2%+29.4%+19.8%
Q3 2020+18.0%+12.0%+32.0%
Q2 2020-3.6%+3.9%-10.9%
Q1 2020+7.6%+16.1%+60.2%
Q4 2019-11.8%-17.9%-51.8%
Q3 2019+0.2%-3.3%-6.9%
Q2 2019+14.3%+7.5%+7.5%
Q1 2019-5.1%-3.0%-2.1%
Q4 2018-3.4%-5.6%+5.1%
Q3 2018-6.9%-7.9%-17.1%
Q2 2018+22.1%+22.1%+9.6%
Q1 2018-7.6%-14.5%-19.1%
Q4 2017-8.4%-5.8%+2.9%
Q3 2017-0.5%+0.5%+22.3%
Q1 2017-2.8%+1.9%+18.0%
Q4 2016-5.3%-5.7%-9.5%
Q3 2016+0.0%-1.5%+0.5%
Q2 2016+0.0%+3.2%+0.0%
Q1 2016+0.0%
Q4 2015+0.1%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015-0.4%
Q4 2014+0.0%
Q3 2014

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