NeoGames Announces Second Quarter 2023 Results
LUXEMBOURG, Aug. 09, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the second quarter ended June 30, 2023.
- – Second Quarter Revenues and Share of NPI Revenues Interest total $62.0 million, up 98.2% year-over-year –
LUXEMBOURG, Aug. 09, 2023 (GLOBE NEWSWIRE) -- NeoGames S.A. (Nasdaq: NGMS) (“NeoGames” or the "Company"), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today financial results for the second quarter ended June 30, 2023. - iLottery revenues were $13.8 million during the second quarter of 2023, compared to $12.8 million during the second quarter of 2022, representing an increase of 7.9% year-over-year.
- Adjusted EBITDA1 was $18.0 million during the second quarter of 2023, compared to $10.3 million during the second quarter of 2022, representing an increase of 74.7% year-over-year.
- Cash and cash equivalents balance as of the end of second quarter of 2023 was $30.1 million, compared to $41.2 million at the end of the fourth quarter 2022, resulting in net negative cash of $11.0 million for the second quarter 2023.