PlayAGS, Inc. (NYSE:AGS) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET

Company Participants

Brad Boyer – Senior Vice President, Investor Relations

David Lopez – Chief Executive Officer

Kimo Akiona – Chief Financial Officer

Conference Call Participants

Ed Engel – ROTH MKM

Chad Beynon – Macquarie

Barry Jonas – Truist

Jeff Stantial – Stifel

David Katz – Jefferies

Operator

Hello, and welcome to the PlayAGS Q2 2023 Earnings Conference Call. My name is Alex, and I'll be coordinating the call today. [Operator Instructions]

I will now hand it over to your host, Brad Boyer, SVP, Investor Relations. Please go ahead.

Brad Boyer

Thank you, operator, and good afternoon, everyone. Welcome to the PlayAGS Incorporated second quarter 2023 earnings conference call. With me today are David Lopez, CEO; and Kimo Akiona, CFO. A slide presentation reviewing our key operational and financial highlights for the second quarter ended June 30, 2023, can be found on our Investor Relations website, investors.playags.com.

On today's call, we will provide an overview of our Q2 2023 financial performance and offer perspective on our current financial outlook for the business. This conference call will include the use of forward-looking statements. Any statement that refers to expectations, projections, or other characterizations of future events, including financial projections or future market conditions, is a forward-looking statement based on assumptions today.

Actual results may differ materially from those expressed in these forward-looking statements, and we make no obligation to update our disclosures. For more information about factors that may cause our actual results to differ materially from our forward-looking statements, please refer to the earnings press release we issued today as well as risks described in our annual report on Form 10-K, particularly in the section of these documents titled Risk Factors. Our commentary today will also include non-GAAP financial measures. We believe the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in our business. These measures should not be considered in isolation from or as a substitute for financial information prepared in accordance with GAAP. Reconciliations between GAAP and non-GAAP metrics for our reported results can be found in our earnings release issued today. Please refer to our filings with the SEC for more information.

With that, I would like to turn the call over to our CEO, David Lopez.

David Lopez

Thanks, Brad, and good afternoon, everyone. Today, I will keep my remarks brief as I believe our record-setting financial performance clearly demonstrates the strength of our products, team members and strategy, which is creating significant momentum within all three segments of our business. Over the past several quarters, I have talked about our commitment to recruiting and hiring the best R&D, sales, and product management talent to join our team. The culmination of these efforts is reflected in our second quarter performance as we established 10 new records in the quarter.