- Sells 408 New Units and Adds 254 Net New Units to Domestic Installed Base in Q1 -
- Raises Fiscal 2012 Diluted EPS Outlook to a Range of $0.42-$0.45 -
AUSTIN, Texas — (BUSINESS WIRE) — February 1, 2012 — Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or the “Company”) today reported operating results for its fiscal 2012 first quarter ended December 31, 2011, as summarized in the table below:
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Summary of 2012 Q1 Results (In millions, except per-share and player terminal data) |
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Three Months Ended
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| 2011 | 2010 | ||||||
| Revenue | $ | 34.8 | $ | 28.6 | |||
| EBITDA(1) | $ | 16.3 | $ | 10.5 | |||
| Net income (loss) (2) | $ | 5.8 | $ | (1.4 | ) | ||
| Diluted income (loss) per share (2) | $ | 0.21 | $ | (0.05 | ) | ||
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New proprietary units sold |
408 | 201 | |||||
| Average participation installed units: | |||||||
| Domestic | 9,506 | 8,442 | |||||
| International (3) | 2,862 | 4,667 | |||||
| Quarter-end participation installed units: | |||||||
| Domestic | 9,633 | 8,672 | |||||
| International (3) | 2,226 | 4,451 | |||||
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(1) |
EBITDA is defined as earnings (loss) before net interest expense, income taxes, depreciation, amortization and accretion of contract rights. A reconciliation of EBITDA to net income (loss), the most comparable Generally Accepted Accounting Principles (“GAAP”) financial measure, can be found attached to this release. |
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(2) |
Net income and diluted income per share for the three-month period ended December 31, 2011, includes a one-time tax benefit totaling $1.0 million, or $0.04 per fully diluted share, and a gain on the sale of used equipment back to the original manufacturer totaling $0.9 million, or $0.03 per diluted share. |
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(3) |
International participation installed units reflect placements in Mexico. |
