Inspired Entertainment Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
INSE$4.65+17.0%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in millions, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Service | $57.1 | $57.5 |
| Product sales | 6.0 | 7.4 |
| Total revenue | 63.1 | 64.9 |
| Cost of sales: | ||
| Cost of service (1) | (15.9) | (15.0) |
| Cost of product sales | (4.5) | (6.7) |
| Selling, general and administrative expenses | (34.2) | (29.2) |
| Depreciation and amortization | (9.9) | (9.4) |
| Net operating (loss) income | (1.4) | 4.6 |
| Other expense | ||
| Interest expense, net | (6.6) | (6.3) |
| Other finance income | 0.1 | 0.1 |
| Total other expense, net | (6.5) | (6.2) |
| Loss before income taxes | (7.9) | (1.6) |
| Income tax benefit | 2.2 | 0.2 |
| Net loss | (5.7) | (1.4) |
| Other comprehensive income (loss): | ||
| Foreign currency translation gain (loss) | 1.0 | (2.9) |
| Reclassification of loss on hedging instrument to comprehensive income | — | 0.2 |
| Actuarial gains on pension plan | 0.3 | 0.2 |
| Other comprehensive income (loss) | 1.3 | (2.5) |
| Comprehensive loss | $(4.4) | $(3.9) |
| Net loss per common share – basic and diluted | $(0.20) | $(0.05) |
| Weighted average number of shares outstanding during the period – basic and diluted | 28,603,734 | 27,974,182 |
| Supplemental disclosure of stock-based compensation expense | ||
| Stock-based compensation included in: | ||
| Selling, general and administrative expenses | $(2.3) | $(2.9) |
| (1) | Excluding depreciation and amortization |
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