Inspired Entertainment Inc
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 15, 2024
INSE$4.65+17.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Income (Loss)
(in millions, except share and per share data)
| Year Ended December 31, 2023 | Year Ended December 31, 2022 | Year Ended December 31, 2021 | |
|---|---|---|---|
| Revenue: | |||
| Service | $261.2 | $248.4 | $180.2 |
| Product sales | 61.8 | 33.2 | 25.6 |
| Total revenue | 323.0 | 281.6 | 205.8 |
| Cost of sales: | |||
| Cost of service (1) | (75.1) | (71.4) | (51.8) |
| Cost of product sales | (52.6) | (21.9) | (17.8) |
| Selling, general and administrative expenses | (115.5) | (101.9) | (90.3) |
| Acquisition and integration related transaction expenses | — | (0.5) | (1.6) |
| Depreciation and amortization | (39.9) | (39.9) | (48.8) |
| Net operating income (loss) | 39.9 | 46.0 | (4.5) |
| Other expense | |||
| Interest expense, net | (27.7) | (25.3) | (44.3) |
| Change in fair value of warrant liability | — | — | 0.9 |
| Gain on disposal of business | — | 0.9 | — |
| Other finance income | 0.4 | 1.1 | 5.7 |
| Total other expense, net | (27.3) | (23.3) | (37.7) |
| Income (loss) before income taxes | 12.6 | 22.7 | (42.2) |
| Income tax (expense) benefit | (5.0) | (2.1) | 1.6 |
| Net income (loss) | 7.6 | 20.6 | (40.6) |
| Other comprehensive (loss) income: | |||
| Foreign currency translation (loss) gain | (5.9) | 12.7 | 0.7 |
| Change in fair value of hedging instrument | — | — | 0.3 |
| Reclassification of loss on hedging instrument to comprehensive income | 0.3 | 0.7 | 1.5 |
| Actuarial (losses) gains on pension plan | (0.7) | (6.4) | 10.5 |
| Other comprehensive (loss) income | (6.3) | 7.0 | 13.0 |
| Comprehensive income (loss) | $1.3 | $27.6 | $(27.6) |
| Net income (loss) per common share – basic | $0.27 | $0.73 | $(1.66) |
| Net income (loss) per common share – diluted | $0.26 | $0.71 | $(1.66) |
| Weighted average number of shares outstanding during the year – basic | 28,073,408 | 28,049,918 | 24,402,461 |
| Weighted average number of shares outstanding during the year – diluted | 29,214,583 | 29,092,855 | 24,402,461 |
| Supplemental disclosure of stock-based compensation expense | |||
| Stock-based compensation included in: | |||
| Selling, general and administrative expenses | $(11.2) | $(10.8) | $(13.0) |
| (1) | Excluding depreciation and amortization |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.