Inspired Entertainment Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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
(in millions, except share and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Service | $73.8 | $70.7 | $196.7 | $195.7 |
| Product sales | 4.2 | 26.8 | 20.0 | 46.1 |
| Total revenue | 78.0 | 97.5 | 216.7 | 241.8 |
| Cost of sales: | ||||
| Cost of service (1) | (20.7) | (21.4) | (55.6) | (56.9) |
| Cost of product sales (1) | (2.7) | (26.7) | (13.0) | (41.8) |
| Selling, general and administrative expenses | (31.4) | (26.9) | (96.4) | (82.7) |
| Depreciation and amortization | (11.3) | (10.3) | (31.8) | (29.8) |
| Net operating income | 11.9 | 12.2 | 19.9 | 30.6 |
| Other expense | ||||
| Interest expense, net | (7.6) | (6.9) | (20.9) | (20.5) |
| Other finance income | 0.1 | 0.1 | 0.3 | 0.3 |
| Total other expense, net | (7.5) | (6.8) | (20.6) | (20.2) |
| Net income (loss) before income taxes | 4.4 | 5.4 | (0.7) | 10.4 |
| Income tax (expense) benefit | (1.0) | (2.0) | 0.4 | (2.8) |
| Net income (loss) | 3.4 | 3.4 | (0.3) | 7.6 |
| Other comprehensive (loss)/income: | ||||
| Foreign currency translation (loss) gain | (6.3) | 3.6 | (5.5) | (2.0) |
| Reclassification of loss on hedging instrument to comprehensive income | — | — | — | 0.3 |
| Actuarial gains on pension plan | 0.3 | 0.2 | 0.9 | 0.7 |
| Other comprehensive (loss) income | (6.0) | 3.8 | (4.6) | (1.0) |
| Comprehensive (loss) income | $(2.6) | $7.2 | $(4.9) | $6.6 |
| Net income per common share – basic | $0.12 | $0.12 | $(0.01) | $0.27 |
| Net income per common share – diluted | $0.12 | $0.12 | $(0.01) | $0.26 |
| Weighted average number of shares outstanding during the period – basic | 28,496,801 | 28,104,365 | 28,524,762 | 28,088,901 |
| Weighted average number of shares outstanding during the period – diluted | 29,188,787 | 29,105,267 | 28,524,762 | 29,149,285 |
| Supplemental disclosure of stock-based compensation expense | ||||
| Stock-based compensation included in: | ||||
| Selling, general and administrative expenses | $(1.8) | $(3.3) | $(5.7) | $(9.3) |
| (1) | Excluding depreciation and amortization |
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