Everi Holdings Inc. (formerly Global Cash Access Holdings) is a company that produces slot machines and provides financial equipment and services to casinos. The Company provides comprehensive content, electronic gaming units, and systems for Native American and commercial casinos, including TournEvent slot tournament solution; and the central determinant system for the video lottery terminals installed in the State of New York.

Everi Payments provides access to cash at gaming facilities via Automated Teller Machine cash withdrawals, credit card cash access transactions, point of sale debit card transactions, and check verification and warranty services; fully integrated gaming industry kiosks that provide cash access and related services; products and services that improve credit decision making, automate cashier operations and enhance patron marketing activities for gaming establishments; compliance, audit and data solutions; and online payment processing solutions for gaming operators in states that offer intrastate, Internet-based gaming and lottery activities.

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Type
Public
HQ
Las Vegas, US
Founded
1998
Size (employees)
900 (est)
Website
everi.com
Everi was founded in 1998 and is headquartered in Las Vegas, US
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Key People/Management at Everi

Michael Rumbolz

Michael Rumbolz

President and Chief Executive Officer
Dean Ehrlich

Dean Ehrlich

Executive Vice President and Gaming Business Leader
David Lucchese

David Lucchese

Executive Vice President, Digital & Interactive Business Leader
Edward Peters

Edward Peters

Executive Vice President, Sales and Marketing
Randy Taylor

Randy Taylor

Executive Vice President and Chief Financial Officer
Harper Ko

Harper Ko

Executive Vice President, Chief Legal Officer and General Counsel
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Everi Office Locations

Everi has an office in Las Vegas
Las Vegas, US (HQ)
100 7250 S Tenaya Way
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Everi Financials and Metrics

Everi Financials

Everi's revenue was reported to be $859.46 m in FY, 2016 which is a 3.9% increase from the previous period.
USD

Revenue (Q2, 2017)

242.2 m

Gross profit (Q2, 2017)

229 m

Gross profit margin (Q2, 2017), %

94.5%

Net income (Q2, 2017)

(19.1 m)

EBIT (Q2, 2017)

21.3 m

Market capitalization (31-Oct-2017)

553.7 m

Closing share price (31-Oct-2017)

8.2

Cash (30-Jun-2017)

148.6 m

EV

413.2 m
Everi's current market capitalization is $553.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

582.4 m593.1 m827 m859.5 m

Revenue growth, %

2%39%4%

Cost of goods sold

439.8 m440.1 m510.4 m

Gross profit

142.7 m153 m316.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

146.1 m150.6 m144.9 m145.5 m207.5 m206.4 m208.7 m205.8 m214 m222.2 m237.5 m242.2 m

Cost of goods sold

111.1 m113.2 m109.4 m108.6 m127 m127.2 m129.8 m8.4 m13 m15.5 m12.4 m13.2 m

Gross profit

35 m37.3 m35.6 m36.9 m80.5 m79.1 m78.9 m197.3 m201 m206.7 m225.1 m229 m

Gross profit Margin, %

24%25%25%25%39%38%38%96%94%93%95%95%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

114.3 m89.1 m102 m119.1 m

Accounts Receivable

4.9 m5 m

Inventories

9.4 m27.2 m28.7 m19.1 m

Current Assets

246.4 m253.8 m341.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

143 m194.6 m162 m106.5 m145 m165 m111.5 m99.3 m85.1 m90.5 m127.9 m148.6 m

Accounts Receivable

20.4 m11.4 m5.3 m4.7 m3.4 m4.5 m3.5 m2.7 m

Inventories

9 m11.2 m11.7 m10.9 m23.1 m23.5 m25.5 m29.1 m26 m20.8 m22.4 m21.3 m

Current Assets

285.9 m296.1 m244.3 m227 m208.9 m218.6 m262.1 m283.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

24.4 m12.1 m(105 m)(249.5 m)

Depreciation and Amortization

16.9 m131 m144.6 m

Inventories

(2.3 m)(850 k)(1.1 m)5.6 m

Accounts Payable

5.5 m735 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

5.8 m7.5 m4.7 m5.7 m469 k(12.7 m)(6.1 m)(13.2 m)(23.9 m)(32.2 m)(3.5 m)(22.6 m)

Depreciation and Amortization

1.9 m1.9 m1.9 m1.9 m10.4 m31.5 m32.5 m35.5 m71.6 m108.1 m28.2 m57 m

Inventories

23.5 m25.5 m(497 k)1.5 m6.3 m(3.7 m)(2.9 m)

Accounts Payable

116.7 m106.6 m8.4 m18 m6.5 m25.2 m16.5 m
USDY, 2017

EV/EBIT

19.4 x

EV/CFO

5.6 x

EV/FCF

13.6 x

Financial Leverage

-10.8 x
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Everi Operating Metrics

Everi's Patent Applications was reported to be 50 in FY, 2016.
FY, 2014FY, 2015FY, 2016

Patent Applications

70 60 50

Patents (US)

150

Patents Issued

220 220 250
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