In This Article:
Ainsworth Game Technology (ASX:AGI) Full Year 2024 Results
Key Financial Results
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Revenue: AU$264.1m (down 7.3% from FY 2023).
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Net income: AU$30.3m (up from AU$6.54m loss in FY 2023).
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Profit margin: 12% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
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EPS: AU$0.09 (up from AU$0.019 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ainsworth Game Technology Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 75%.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Hospitality industry in Australia.
Performance of the Australian Hospitality industry.
The company's shares are up 1.8% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Ainsworth Game Technology, and understanding it should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.