NASDAQ$INSE

Inspired Entertainment Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Inspired Entertainment reported financial results for the second quarter of 2021, showing growth across all segments and momentum in the Interactive business.

Inspired Entertainment's Q2 2021 results showed a total revenue of $41.5 million, a net loss of $43.8 million, and an Adjusted EBITDA of $8.0 million. The Interactive business displayed strong performance with a 69% year-over-year revenue increase. Key retail gaming territories reopened at different stages following COVID-19 restrictions.

  • Total revenue reached $41.5 million, with a net loss of $43.8 million.
  • Interactive business revenue increased by 69% year-over-year, reaching $5.8 million.
  • Key retail gaming territories, including the UK, Italy, and Greece, reopened during the quarter.
  • The company refinanced its borrowings, extending maturity profile and reducing expected interest expense for 2022 by approximately $3.6 million.

Headline financials

Total Revenue

$41.5M

Previous: $15.6M+166.0%
EPS (adj)

-$1.94

Previous: -$1.09-78.0%
Adjusted EBITDA

$8M

No prior period
Capital Expenditures

-$5.4M

Previous: -$8.8M+38.6%
Free Cash Flow

-$49.2M

Previous: -$33.3M-47.7%
Net Income

-$43.8M

Previous: -$24.5M-78.8%
Operating Income

-$9.7M

Previous: -$13.9M+30.2%
Gross Profit

$33.5M

Previous: $15.6M+114.7%
Cash & Equivalents

$24.5M

Previous: $39.9M-38.6%
Total Assets

$286M

Previous: $303M-5.6%
Stock-Based Comp

$3.4M

Previous: $1M+240.0%

Revenue & EPS history

Inspired · Revenue · Quarterly

$41.5M

Q2 2021+166%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Inspired · $41.5M total across 4 segments · Q2 2021

  • Gaming
    $16.2M
  • Leisure
    $11.3M
  • Virtual Sports
    $8.2M
  • Interactive
    $5.8M

Forward guidance

Management is maintaining its third quarter 2021 Adjusted EBITDA guidance of $28.0 million to $30.0 million based on current exchange rates and the assumption that current expectations for operations in the various geographies in which Inspired’s customers operate are not impacted by additional COVID-related measures.

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 2021

Historical avgQ2 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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