AGS

Shares of gaming products and services provider, PlayAGS, Inc. (AGS) have declined about 12.3% over the past month. AGS’ recent fourth-quarter performance was a mixed bag with bottom-line lagging estimates despite double-digit growth in the company’s top-line. Revenue increased 50.6% year-over-year to $70.2 million, beating estimates by $1.1 million. Net loss per share at $0.25, on the other hand, came in wider than the consensus by $0.18. This growth in revenue was attributable to robust performance across the company’s electronic gaming machines (EGMs), Table Products, and Interactive verticals. The major part of the revenue growth came from the EGM vertical, with sales growing to $64.5 million as compared to $42.
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