The Company generated free cash flow of $5.9 million in the fiscal 2012 first quarter compared to free cash flow of $3.6 million in the year-ago period. Total cash generation in the quarter was $6.9 million compared to $6.4 million a year ago. Free cash flow and cash generation are non-GAAP financial measures and there are no truly comparable GAAP financial measures. (Definitions of “free cash flow” and “cash generation” are provided below).In the first quarter of fiscal 2012, the Company repurchased approximately 392,821 shares of its common stock for total consideration of approximately $1.9 million. The Company has purchased a total of 2.2 million shares at an average price of $5.36 per share since the inception of the share repurchase program in December 2010, and as of December 31, 2011, had approximately $3.1 million remaining under its $15.0 million common stock repurchase plan.
Multimedia Games’ First Quarter Revenue Rises 21.6% To $34.8 Million; Reports Diluted EPS Of $0.21 Inclusive Of $0.07 Per Diluted Share Benefit From Non-Recurring Items
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