NeoGames rises on fourth-quarter results, 2023 revenue forecast

NeoGames SA

07/03/2023 19:32

** Lottery software provider NeoGames SA's shares  NGMS.O 
gain 12.9% to $16.71 - touching over a 3-month high
    ** NGMS reports Q4 adjusted loss of 2 cents per share,
narrower than analysts' expectation of 13 cents per share -
Refinitiv
    ** Quarterly revenue rises almost four-times to $83.2 mln
from $21.3 mln a year ago, beating street estimate of $75.4 mln
    ** Co sees 2023 revenue with modified contracts presented on
a gross basis between $323 mln and $350 mln, above analysts'
estimate of $316.3 mln
    ** NGMS stock up 36% this year

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))