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Multimedia Games' CEO Discusses F2Q 2012 Results - Earnings Call Transcript

Today’s call and webcast may include non-GAAP financial measures such as EBITDA within the meaning of Regulation G. A reconciliation of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP can be found in the company’s current and recent SEC filings and can also be found along with today’s earnings release on our website, www.multimediagames.com in the Investor Relations section.

Financial and operating metrics provided during today’s call and webcast maybe approximated. Please refer to the company’s financial statements as provided in today’s SEC filings and earnings release for more definitive numbers.

And now, it’s my pleasure to turn the call over to our President and CEO, Patrick Ramsey.

Patrick J. Ramsey

Thank you, Jerry, and good morning, everyone. Thank you for joining us on this call. With me this morning are Jerry Smith, our General Counsel; Adam Chibib, our Chief Financial Officer; and Mick Roemer, our Senior Vice President of Sales.

We are joining you today from the fantastic Pechanga Resort and Casino in Southern California, which is noteworthy, because our product position on this property is very representative of where we’ve been as a company over the last decade. Years ago, we were a major force on this casino floor as an equipment supplier, and after a long hiatus, it is great to see over 150 MGAM games, both Class II and Class III back in action at this facility.

This morning we reported first quarter revenues of $39.5 million, up over 31% year-over-year, and diluted earnings per share of $0.24 versus $0.04 last year, obviously a strong quarter for us. It is in fact our tenth consecutive quarter of increasing our operating income. As usual, I will start at the top because truly it our top line that’s most encouraging.

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