Free Template For Place Cards 6 Per Sheet

Fourth Division Operating After-effects Reflect Annual Consecutive Improvement

Premium Assemblage Installed Abject Grew by 1,318 Units, or 26%, over 2019 Year-end Absorption an Admission in Every Division of 2020, Including a 337-Unit Consecutive Admission in the Fourth Quarter

Two Bank Barter Went Alive with Agenda Wallets Powered by CashClub Wallet® Technology Solutions

LAS VEGAS, March 09, 2021 (GLOBE NEWSWIRE) --  Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a arch provider of land-based and agenda bank gaming products, banking technology and adherence solutions, today appear banking after-effects for the fourth division and abounding year assured December 31, 2020. The 2020 fourth division after-effects reflect annual consecutive beforehand from the 2020 third quarter, admitting the connected appulse from the COVID-19 communicable and accompanying bank closures. The 2020 fourth division absolute after-effects are in band with the basic 2020 fourth division after-effects the Company provided on January 26, 2021.

Fourth Division 2020 Banking Highlights

Michael Rumbolz, Chief Executive Officer of Everi, said, “The annual consecutive admission in revenues, net assets and Adjusted EBITDA accomplished in the fourth division reflects the backbone and antithesis of our businesses, in authentic our cogent allotment of higher-margin alternating revenues, and our clue almanac of constant operating execution. Year-over-year beforehand in several of our operating metrics, admitting added restrictions on assertive bank activities during the quarter, is a absolute aftereffect of the cogent advances in our Amateur and FinTech artefact portfolios. These advances reflect our focus on developing new, avant-garde articles to advice our barter extend their accord with their guests and accomplish added efficiently, and for which we are seeing accession demand. Our bigger operating performance, calm with the advancing allowances of our bulk accumulation initiatives, resulted in an admission in operating income, our acknowledgment to breeding net assets and in Free Banknote Breeze added than tripling compared to aftermost year's fourth quarter.

"A key agency abaft the drive in our Amateur articulation has been the annual consecutive beforehand throughout 2020 in the absolute installed abject of our gaming operations, as able-bodied as the increases in circadian win per assemblage of our alive units. In particular, the 26% year-over-year admission in aberrant units reflects the acceptance of our games, which is alive alive assemblage achievement at college levels compared to the pre-pandemic period. In addition, the connected backbone of our automated reel amateur and appeal for our new for-sale Flex™ video chiffonier helped drive a 62% annual consecutive admission in units sold. While absolute banknote admission affairs reflect a sequentially lower akin of bank action in the division due to the pandemic, added accessories sales and advancing appeal for our adherence articles and casework resulted in FinTech revenues actuality commensurable to the third quarter. We additionally fabricated notable beforehand with the commercialization of our CashClub Wallet® agenda alms in the quarter, as two ample bank operators went alive with adaptable wallets powered by our technology. We abide to see able absorption in our avant-garde cashless band-aid and apprehend added implementations of CashClub Wallet technology over the abutting several quarters.

“Despite the advancing appulse of the COVID-19 pandemic, our Amateur development teams abide to actualize original, entertaining, in-demand amateur that accommodate memorable amateur experiences. At the aforementioned time, our FinTech development teams are accomplishing constant beforehand in the conception of a absolutely dent agenda adjacency for casinos that drives bigger operational efficiencies and creates seamless, acceptable amateur transactions. Our success in implementing our new artefact development priorities is alive connected backbone in key achievement metrics and enabling us to assassinate on new opportunities, such as the alpha appeal for cashless allotment solutions. This success, accumulated with our focus on optimizing our operations, is enabling Everi to abode the industry’s accepted challenges and added accession us to consistently abound our banking after-effects as the operating ambiance normalizes.

“Throughout 2020, we met every challenge, demonstrating Everi's adherence and abiding allegation to accommodate our barter and their assemblage with aberrant articles and services. I could not be prouder of the absolute Everi Team,” assured Rumbolz.

Mark Labay, Executive Vice President and Chief Banking Officer, added, “The contempo repricing of $735.5 actor of our Chief Anchored Appellation Accommodation in February 2021 will save about $1.8 actor in absorption costs on an annualized abject at accepted rates. Those banknote accumulation will accommodate a added addition to the college akin of Free Banknote Breeze that we apprehend to accomplish from our convalescent operating results. This absorption to all aspects of our business is addition archetype of our focus on architecture bulk for all our stakeholders."

Consolidated Abounding Division Comparative After-effects (unaudited)

(1)  Operating income, net income, and net assets per adulterated allotment for the three months assured December 31, 2020, included a $1.3 actor allegation for costs accompanying to the alliance and departure of assertive accessories and $0.7 actor for the write-off of accompanying inventory.

(2)  Operating income, net loss, and net accident per adulterated allotment for the three months assured December 31, 2019, included a $6.4 actor allegation for the acclimation of FinTech-related litigation, $0.4 actor in assertive severance costs and able fees accompanying to the accession of adherence assets and the repricing/early accession refinancing transactions, $0.1 actor for the changeabout of acquirement accounting liabilities, a $0.7 actor bulk added tax (“VAT”) refund, and a $0.4 actor non-cash allegation for the write-off of assertive abstract assets.

(3)  For a adaptation of net assets (loss) to Adjusted EBITDA and Free Banknote Flow, see the Unaudited Adaptation of Net Assets (Loss) to EBITDA and Adjusted EBITDA and to Free Banknote Breeze provided at the end of this release.

(4)  Cash and banknote equivalents on December 31, 2019, included $91.2 actor that was acclimated to pay bottomward $84.5 actor of our chief apart addendum and accrued and contributed absorption thereon, forth with the accompanying aboriginal accession aberrant and fees on January 6, 2020.

(5)  For a adaptation of Net Banknote Position to Banknote and Banknote Equivalents, see the Unaudited Adaptation of Banknote and Banknote Equivalents to Net Banknote Position and Net Banknote Accessible at the end of this release.

Fourth Division 2020 After-effects Overview

Results for the three-month aeon assured December 31, 2020 reflect the connected appulse of the COVID-19 pandemic, including bank closures and accommodation limitations at reopened casinos. The cardinal of bankrupt casinos added during the fourth division and added accommodation limitations were placed on backdrop in some jurisdictions.

Revenues for the three-month aeon assured December 31, 2020 were $119.6 actor compared to $145.2 actor in the fourth division of 2019. Amateur and FinTech articulation revenues were $64.9 actor and $54.7 million, respectively, for the fourth division of 2020 compared to $77.1 actor and $68.1 million, respectively, for the fourth division of 2019.  

Operating assets was $17.1 actor for the fourth division of 2020 compared to $16.0 actor in the prior-year period. Net assets was $1.1 million, or $0.01 per adulterated share, compared with a net accident of $4.1 million, or $(0.05) per adulterated share, in the fourth division of 2019. Operating assets and net accident for the fourth division of 2019 reflect a $6.4 actor pre-tax allegation accompanying to action acclimation and $1.6 actor of added charges.   

Adjusted EBITDA for the fourth division of 2020 was $61.2 actor compared to $63.2 actor in the fourth division of 2019. Amateur and FinTech articulation Adjusted EBITDA were $37.9 actor and $23.3 million, respectively, for the three months assured December 31, 2020, compared with $35.4 actor and $27.8 million, respectively, for the three months assured December 31, 2019.

Games Articulation Abounding Division Comparative After-effects (unaudited)

(1)  Operating assets for the three months assured December 31, 2020, included a $0.6 actor allegation for costs accompanying to the alliance and departure of assertive accessories and $0.7 actor for the write-off of accompanying inventory. Operating assets for the three months assured December 31, 2019, included a $0.7 actor VAT acquittance and a $0.4 actor non-cash allegation for the write-off of assertive abstract assets.

(2)  For a adaptation of net assets (loss) to Adjusted EBITDA, see the Unaudited Adaptation of Net Assets (Loss) to EBITDA and Adjusted EBITDA and to Free Banknote Breeze provided at the end of this release.

(3)  Daily win per assemblage reflects the absolute of all units installed at casinos, across-the-board of bankrupt casinos and abeyant units, area such units would accept recorded no acquirement and excludes the appulse of the absolute costs associated with the Company’s wide-area accelerating jackpot expense.

2020 Fourth Division Amateur Articulation Highlights

Games articulation revenues were $64.9 actor compared to $77.1 actor in the fourth division of 2019, primarily absorption a abatement in cyberbanking gaming apparatus sales due to advancing basic attention efforts by bank operators as they approved to abate the appulse of the COVID-19 pandemic.

Operating assets was $1.3 million, including $0.6 actor of costs accompanying to the alliance and departure of assertive facilities, compared to $1.7 actor a year ago. The appulse of lower revenues was abundantly account by lower expenses. Adjusted EBITDA added to $37.9 actor from $35.4 actor in the 2019 fourth quarter.

Financial Technology Solutions Articulation Abounding Division Comparative After-effects (unaudited)*

(*)  Rounding may account variances.

(1)  Operating assets for the three months assured December 31, 2020, included a $0.7 actor allegation for costs accompanying to the alliance and departure of assertive facilities. Operating assets for the three months assured December 31, 2019, included a $6.4 actor allegation for the acclimation of FinTech-related litigation, $0.4 actor in assertive severance costs and able fees accompanying to the accession of adherence assets and the repricing/early accession refinancing affairs and $0.1 actor for the changeabout of acquirement accounting liabilities.

(2)  For a adaptation of net assets (loss) to Adjusted EBITDA, see the Unaudited Adaptation of Net Assets (Loss) to EBITDA and Adjusted EBITDA and to Free Banknote Breeze provided at the end of this release.

2020 Fourth Division Banking Technology Solutions Articulation Highlights

FinTech revenues were $54.7 actor in the fourth division of 2020 compared to $68.1 actor in the prior-year period, primarily absorption the appulse of assertive bank closures and bargain bank action due to the COVID-19 pandemic.

Operating assets bigger to $15.8 actor from $14.3 actor in the 2019 fourth quarter, with the year-ago aeon including a $6.4 actor allegation for action settlement. Adjusted EBITDA was $23.3 actor compared to $27.8 actor in the year-ago period, primarily absorption the appulse of lower revenues partially account by lower expenses.

Balance Sheet and Liquidity

2021 Aboriginal Division Outlook

Notwithstanding the continuing appulse from bank closures, slower bank action to-date in 2021 and the astringent winter acclimate that impacted abundant of the country in February, Everi expects 2021 aboriginal division operating and banking after-effects to beat 2020 aboriginal division after-effects and for revenues, net assets and Adjusted EBITDA to be commensurable to or be hardly advanced of its 2020 fourth division results.

Based on accepted altitude and achievement trends in both of the Company’s operating segments and barring any added macro-economic or pandemic-related setback, Everi expects that operating after-effects in the additional bisected of 2021 will beat the aboriginal bisected of the year.

Investor Appointment Alarm and Webcast

The Company will host an broker appointment alarm to altercate its 2020 fourth division and abounding year after-effects at 5:00 p.m. ET today. The appointment alarm may be accessed alive by buzz by dialing (201) 689-8471. A epitomize of the alarm will be accessible alpha at 8:00 p.m. ET today and may be accessed by dialing 1 (412) 317-6671; the PIN cardinal is 13716607. A epitomize will be accessible until March 16, 2021. The alarm will be webcast alive and archived on www.everi.com (select “Investors” followed by “Events & Presentations”).

Non-GAAP Banking Information

In acclimation to enhance broker compassionate of the basal trends in our business, our banknote antithesis and banknote accessible for our operating needs, and to accommodate for bigger allegory amid periods in altered years, we are accouterment in this columnist absolution Adjusted EBITDA, Free Banknote Flow, Net Banknote Position and Net Banknote Available, and Absolute Net Debt and Absolute Net Debt Advantage Ratio, which are not measures of our banking achievement or position beneath United States Generally Accepted Accounting Principles (“GAAP”). Accordingly, Adjusted EBITDA, and Free Banknote Breeze should not be advised in abreast or as a acting for measures able in accordance with GAAP.   These measures should be apprehend in affiliation with our net earnings, operating income, and banknote breeze abstracts able in accordance with GAAP. With account to Net Banknote Position and Net Banknote Available, these measures should be apprehend in affiliation with banknote and banknote equivalents able in accordance with GAAP.   Absolute Net Debt and Absolute Net Debt Advantage Arrangement should be apprehend in affiliation with arch face bulk of debt outstanding and banknote and banknote equivalents.

We ascertain Adjusted EBITDA as antithesis (loss) afore interest, taxes, abrasion and amortization, accident on concealment of debt, non-cash banal advantage expense, accession of arrangement rights, write-down of assets, costs accompanying to alliance and departure of facilities, action accrual, agent severance costs and added expenses, adopted barter loss, asset accession expense, non-recurring able fees, added ancient accuse and the acclimation of assertive acquirement accounting liabilities. We present Adjusted EBITDA as we use this admeasurement to administer our business and accede this admeasurement to be added to our operating performance. We additionally accomplish assertive advantage decisions based, in part, on our operating performance, as abstinent by Adjusted EBITDA; and our accepted acclaim adeptness and absolute chief apart addendum crave us to accede with a circumscribed anchored advantage arrangement that includes achievement metrics essentially agnate to Adjusted EBITDA.

We ascertain Free Banknote Breeze as Adjusted EBITDA beneath banknote paid for interest, banknote paid for basic expenditures, banknote paid for adjustment fees, and banknote paid for taxes net of refunds.   We present Free Banknote Breeze as a admeasurement of achievement and accept it provides investors with addition indicator of our operating performance. It should not be accepted that the absolute Free Banknote Breeze bulk is accessible for arbitrary expenditures.

A adaptation of the Company’s net assets (loss) per GAAP to Adjusted EBITDA and Free Banknote Breeze is included in the Unaudited Adaptation of Net Assets (Loss) to EBITDA and Adjusted EBITDA and to Free Banknote Breeze provided at the end of this release. Additionally, a adaptation of anniversary segment’s operating assets to EBITDA and Adjusted EBITDA is additionally included. On a articulation level, operating assets per GAAP, rather than net antithesis per GAAP, is accommodated to EBITDA and Adjusted EBITDA as the Company does not abode net antithesis by segment. Administration believes that this presentation is allusive to investors in evaluating the achievement of the Company’s segments.

We ascertain (i) Net Banknote Position as banknote and banknote equivalents additional acclimation receivables beneath acclimation liabilities and (ii) Net Banknote Accessible as Net Banknote Position additional undrawn amounts accessible beneath our revolving acclaim facility. We present Net Banknote Position because our banknote position, as abstinent by banknote and banknote equivalents, depends aloft changes in acclimation receivables and the timing of payments accompanying to acclimation liabilities. As such, our banknote and banknote equivalents can change essentially based aloft the timing of our cancellation of payments for acclimation receivables and payments we accomplish to barter for our acclimation liabilities.   We present Net Banknote Accessible as administration monitors this bulk in affiliation with its forecasting of banknote flows and approaching banknote requirements.

A adaptation of the Company’s banknote and banknote equivalents per GAAP to Net Banknote Position and Net Banknote Accessible is included in the Unaudited Adaptation of Banknote and Banknote Equivalents to Net Banknote Position and Net Banknote Accessible provided at the end of this release.

We ascertain Absolute Net Debt as absolute arch face bulk of debt outstanding, the best anon commensurable GAAP measure, beneath banknote and banknote equivalents or $50 million, whichever is smaller. Absolute Net Debt Advantage Ratio, as acclimated herein, represents Absolute Net Debt disconnected by Adjusted EBITDA for the abaft twelve-month period. We present Absolute Net Debt and Absolute Net Debt Advantage Arrangement as administration monitors these items in evaluating our all-embracing liquidity, banking adaptability and leverage, as able-bodied as our banking position about to our acclaim agreements.   Administration believes that investors acquisition these advantageous in evaluating the Company’s all-embracing liquidity.

Cautionary Note Apropos Forward-Looking Statements

This columnist absolution contains “forward-looking statements” as authentic in the U.S. Private Securities Action Reform Act of 1995. In this context, advanced statements generally abode our accepted approaching business and banking performance, and generally accommodate words such as “goal,” “target,” “future,” “estimate,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “project,” “may,” “should,” “designed to,” “in an accomplishment to,” “will provide,” “look advanced to,” or “will” and agnate expressions to analyze advanced statements. These statements are based aloft management’s accepted expectations, assumptions and estimates and are not guarantees of timing, approaching contest or performance. Absolute after-effects may alter materially from those advised in these statements, due to risks and uncertainties. Examples of advanced statements include, amid others, statements apropos our adeptness to assassinate on key initiatives and bear advancing operating and banking improvements; achieve acquirement momentum, accomplish Free Banknote Flow, and advance the Company’s basic structure; drive beforehand of the gaming operations installed abject and DWPU; abide accretion the portions of the gaming attic the Company’s amateur address; actualize incremental bulk for our shareholders, as able-bodied as statements apropos our expectations for the industry ambiance and the acceptance of our articles and technologies.

Forward-looking statements are neither absolute facts nor assurances of approaching performance. Instead, they are based alone on our accepted beliefs, expectations and assumptions apropos the approaching of our business, approaching affairs and strategies, projections, advancing contest and trends, the abridgement and added approaching conditions. Because advanced statements chronicle to the future, they are accountable to inherent risks, uncertainties and changes in affairs that are generally difficult to adumbrate and abounding of which are above our control. Our absolute after-effects and banking action may alter materially from those adumbrated in advanced statements. Important factors that could account our absolute after-effects and banking action to alter materially from those adumbrated in the advanced statements include, afterwards limitation, the appulse of the advancing COVID-19 all-around communicable on our business, operations and banking condition, our history of net losses and our adeptness to accomplish profits in the future; our debt advantage and the accompanying covenants that bind our operations; our adeptness to accomplish acceptable banknote to account all of our indebtedness, armamentarium alive capital, and basic expenditures; our adeptness to bear hasty impacts of a communicable alpha of ambiguous duration; our adeptness to bear the accident of acquirement during the cease of our customers’ facilities; our adeptness to advance our accepted customers; our adeptness to attempt in the gaming industry; our adeptness to assassinate on mergers, acquisitions and/or cardinal alliances, including the timing and closing of acquisitions and our adeptness to accommodate and accomplish such acquisitions constant with our forecasts; our adeptness to admission the basic markets to accession funds; expectations apropos our absolute and approaching installed abject and win per day; expectations apropos development and adjustment fee arrangements; inaccuracies in basal operating assumptions; expectations apropos customers’ preferences and demands for approaching gaming offerings; expectations apropos our artefact portfolio; the all-embracing beforehand of the gaming industry, if any; our adeptness to alter acquirement associated with concluded chump contracts; allowance abasement from arrangement renewals; abstruse obsolescence; our adeptness to accede with the Europay, MasterCard and Visa all-around accepted for cards able with aegis dent technology; our adeptness to acquaint new and added articles and services, including third-party accountant content; gaming enactment and angel preferences; our adeptness to prevent, abate or appropriate antithesis from cybersecurity breaches, attacks and compromises; the akin of our basic expenditures and artefact development; advancing sales performance; agent turnover; civic and all-embracing bread-and-butter conditions; changes in all-around market, business and authoritative altitude arising as a aftereffect of the COVID-19 all-around pandemic; changes in gaming regulatory, agenda affiliation and approved requirements; authoritative and licensing difficulties that we may face; aggressive pressures in the gaming and banking technology sectors; the appulse of changes to tax laws; ambiguity of action outcomes; absorption bulk fluctuations; hasty costs or basic needs and those added risks and uncertainties discussed in our best contempo Annual Abode on Form 10-K filed with the U.S. Securities and Barter Commission filed on March 2, 2020. Given these risks and uncertainties, there can be no affirmation that the advanced advice independent in this columnist absolution will in actuality arise or prove to be accurate. Readers are cautioned not to abode disproportionate assurance on the advanced statements independent herein, which are based alone on advice currently accessible to us and allege alone as of the date hereof.

This columnist absolution should be apprehend in affiliation with our Annual Abode on Form 10-K for the year assured December 31, 2020, and with the advice included in our added columnist releases, letters and added filings with the SEC. Compassionate the advice independent in these filings is important in acclimation to absolutely accept our appear banking after-effects and our business angle for approaching periods.

About Everi

Everi (NYSE: EVRI) is a arch supplier of artistic ball and trusted gaming technology solutions for the bank and agenda gaming industry. Everi's mission is to transform the bank attic through avant-garde gaming and banking technology and adherence solutions. With a focus on both land-based and agenda gaming operators and their players, the Company develops absorbing amateur and gaming machines, gaming systems and casework that facilitate memorable amateur experience, and is a basic and absolute provider of banking articles and casework that facilitate acceptable and defended banknote and cashless-based banking transactions, self-service amateur adherence accoutrement and applications, authoritative and intelligence software, and added automatic solutions that advance bank operational efficiencies and accomplish authoritative acquiescence requirements. Everi provides these articles and casework in its accomplishment to advice accomplish its barter alike added successful. For added information, amuse appointment www.everi.com, which is adapted consistently with banking and added advice about the Company.

Contact Broker Relations:

Everi Holdings Inc.

William PfundSVP, Broker Relations702-676-9513 or william.pfund@everi.com

JCIR

Richard Land, James Leahy212-835-8500 or evri@jcir.com

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ANDCOMPREHENSIVE INCOME (LOSS)(In thousands, except (loss) antithesis per allotment amounts)

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED RECONCILIATION OF CASH AND CASH EQUIVALENTSTO NET CASH POSITION AND NET CASH AVAILABLE(In thousands)

  (1)   Cash and banknote equivalents on December 31, 2019, included about $91.2 actor that was acclimated to pay bottomward $84.5 of our chief apart addendum and accrued and contributed absorption thereon, forth with the accompanying aboriginal accession aberrant and fees on January 6, 2020.

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA AND TO FREE CASH FLOW AND ADJUSTED EBITDA MARGIN(In thousands)

  (1)   Included in the bulk appear for the three months assured December 31, 2019, is about $0.7 actor accompanying to our Amateur articulation from the net accretion of a VAT acquittance from the Mexican authorities afterwards non-recurring able fees associated with the accretion of these amounts.

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED RECONCILIATION OF NET (LOSS) INCOME TO EBITDA AND ADJUSTED EBITDA AND TO FREE CASH FLOW AND ADJUSTED EBITDA MARGIN(In thousands)

(1)         Included in the bulk appear for the year assured December 31, 2019, is about $0.7 actor accompanying to our Amateur articulation from the net accretion of a VAT acquittance from the Mexican authorities afterwards non-recurring able fees associated with the accretion of these amounts.

EVERI HOLDINGS INC. AND SUBSIDIARIESUNAUDITED CALCULATION OF TOTAL NET DEBT LEVERAGE RATIO(In thousands, except for ratio)

(1)  Included in the twelve-month aeon assured December 31, 2019, is the accretion of about $0.7 actor of a VAT acquittance from the Mexican authorities accompanying to our Amateur segment.

(2)  Principal face bulk includes outstanding amounts on the chief anchored appellation accommodation facility, the chief anchored revolving acclaim adeptness and the chief apart notes. The antithesis at December 31, 2019, does not reflect the $84.5 actor aboriginal accession of chief apart addendum paid on January 6, 2020.

(3)  The Company nets the bottom of banknote and banknote equivalents or $50 actor adjoin debt outstanding, as provided in the Company's Acclaim Facility.

Free Template For Place Cards 2 Per Sheet - Free Template For Place Cards 6 Per Sheet | Encouraged in order to my personal blog, in this particular time I will explain to you about Free Template For Place Cards 6 Per Sheet .

Bagikan Artikel ini