EVRI - Everi reports Q4 prelims indicating sequential improvement

For Q4, Everi (EVRI) expects consolidated revenues to be in a range of ~$117 to $121M (vs. $145.2M in year ago quarter) indicating quarterly sequential improvement from $112.1M in Q3.Net loss is expected to be in a range of $1.4 to $0.3M (vs. net loss of $0.9M in Q3 and $4.1M in year ago quarter), inclusive of ~$1.5M in pre-tax charges related to the consolidation of certain facilities and the write-off of certain inventory.Adj. EBITDA is seen ranging between $60 to $62M for Q4 vs. $59.8M Q3, and $63.2M in year ago quarter.FY20 revenue is expected to be in a range of $381 to $385M with net loss in a range of $85 to $83M."The combination of our improved operating performance and the ongoing benefits of our cost-enhancement initiatives is expected to result in free cash flow that is approx. triple the amount we reported in 4Q20. We expect our

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Everi reports Q4 prelims indicating sequential improvement