Replies to post #363577 on ORIONS Money Stocks

[marirstk]

$EGT: 0$ Debt: 30+ Million Dollars in Cash

New Project will be announced soon. Please see the CEO comments below.

Consolidated revenues growth of 41% year-on-year reaching $31.5 million. This growth was driven by record gaming product sales of $13.4 million and higher gaming operations revenues with average daily net win per unit of $122.

Adjusted EBITDA of $11.2 million, more than double that of 2014. Net income of $820,000, which included approximately $3 million in non-cash charges in the fourth quarter associated with both impairments of certain gaming operations assets and the loss on disposals of obsolete equipment for the gaming product divisions. As a result of this solid performance, we have increased our cash position by nearly $13.4 million in the 2015 fiscal year to $30.7 million as of December 31, 2015.

CEO Transcript Link - Seeking Alpha