Financial

Financial News

"Traditionally our third quarter has generated solid financial results and the third quarter for 2016 continued this trend," commented John Pollard , Co-Chief Executive Officer. "Our instant ticket sales volumes were greater than last year and combined with higher sales of our ancillary lottery products and services, produced near record revenue levels. Significant sales of our specialty products, particularly our Scratch FX® premium instant tickets, and ongoing growth in iLottery helped lead the way."

Financial News

“During Q3, we generated solid Adjusted EBITDA and Adjusted EPS growth as units deployed over the past year ramped to a higher level of ARPU,” said Richard Weil, Chairman and CEO of INNOVA. “While the LT-3 sales process can take time, once installed, the units generate strong recurring revenue that benefits INNOVA, lotteries and the charities they support. Our participation in NASPL this year generated strong interest from several potential customers and we look forward to continuing to grow into new jurisdictions over time.” Mr. Weil added, “I’d like to take this opportunity to thank Jim Breslo for playing a role in Diamond Game’s transition to public company ownership over the past year and a half. Jim has announced that after 16 years with Diamond Game he will be leaving the Company to pursue other opportunities. He will remain a Director of INNOVA and we wish him all the best in the next phase of his career. I will be assuming the role of President at Diamond Game and look forward to continuing to work with the strong team we have assembled.”

Financial News

“During Q3, we generated solid Adjusted EBITDA and Adjusted EPS growth as units deployed over the past year ramped to a higher level of ARPU,” said Richard Weil, Chairman and CEO of INNOVA. “Our participation in NASPL this year generated strong interest from several potential customers and we look forward to continuing to grow into new jurisdictions over time.” Mr. Weil added, “I’d like to take this opportunity to thank Jim Breslo for playing a role in Diamond Game’s transition to public company ownership over the past year and a half. Jim has announced that after 16 years with Diamond Game he will be leaving the Company to pursue other opportunities. He will remain a Director of INNOVA and we wish him all the best in the next phase of his career. I will be assuming the role of President at Diamond Game and look forward to continuing to work with the strong team we have assembled.”




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