Multimedia Games’ Fiscal Third Quarter Diluted EPS Rises To $0.25 On 21.2% Increase In Revenue To $40.5 Million
Multimedia Games Holding Company, Inc. (Nasdaq: MGAM) (“Multimedia Games” or the “Company”) today reported operating results for its fiscal 2012 third quarter ended June 30, 2012, as summarized below:
| Summary of 2012 Q3 Results (In millions, except per share and unit data) | ||||||||||
| Three Months Ended June 30, | ||||||||||
| 2012 | 2011 | |||||||||
| Revenue | $ | 40.5 | $ | 33.4 | ||||||
| EBITDA (1) | $ | 19.2 | $ | 14.8 | ||||||
| Net income (2) | $ | 7.2 | $ | 2.8 | ||||||
| Diluted earnings per share (2) | $ | 0.25 | $ | 0.10 | ||||||
| New units sold (Multimedia Games’ proprietary units) | 543 | 251 | ||||||||
| Average participation installed units((3)): | ||||||||||
| Domestic | 9,981 | 8,912 | ||||||||
| International | 1,065 | 4,452 | ||||||||
| Quarter-end participation installed units (3): | ||||||||||
| Domestic | 10,149 | 8,933 | ||||||||
| International | 985 | 4,338 | ||||||||
(1) EBITDA is defined as net income before net interest expense, income taxes, depreciation, amortization, and accretion of contract rights. A reconciliation of EBITDA to net income, the most comparable Generally Accepted Accounting Principles (“GAAP”) financial measure, can be found attached to this release.
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