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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