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PlayAGS Q3 loss narrows YOY

PlayAGS Inc. said its normalized net income for the third quarter amounted to a loss of 55 cents per share, compared with a loss of 72 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $12.9 million, compared with a loss of $16.8 million in the year-earlier period.

The normalized profit margin climbed to negative 31.2% from negative 44.0% in the year-earlier period.

Total revenue rose 8.1% on an annual basis to $41.2 million from $38.1 million, and total operating expenses declined on an annual basis to $46.5 million from $47.6 million.

Reported net income came to a loss of $21.2 million, or a loss of 91 cents per share, compared to a loss of $23.3 million, or a loss of $1.00 per share, in the year-earlier period.