Inspired Entertainment (NASDAQ: INSE) reported Q4 EPS of ($0.58), $0.18 worse than the analyst estimate of ($0.40). Revenue for the quarter came in at $66.4 million versus the consensus estimate of $52.13 million.

"We are very pleased with our fourth quarter results, which demonstrate the excellent progress we're making on our ongoing business strategy to (1) mitigate the effects of the Triennial Implementation through operational and cost-reduction efforts, (2) generate new business to offset the impact of the Triennial Implementation as we seek to return to pre-Triennial Adjusted EBITDA levels, (3) integrate and drive profitability in the newly Acquired Businesses through UK Pub and Leisure digitization and (4) maximize revenue and cost synergies between the complementary businesses," said Lorne Weil, Executive Chairman of Inspired.

Weil continued, "We are excited about the growth prospects we are seeing across the Company. We sold our first units in Illinois during the fourth quarter and have seen outstanding performance with all completed trials having resulted in follow-on orders. Our Virtual Sports business had its strongest ever quarter and we saw growth across the board. The popularity of our Gaming and Virtuals content continues to fuel the growth in our Interactive business and we are seeing impressive results from the recent launch of six new Interactive customers in North America."

"We are optimistic about the positive trends in the Acquired Businesses as well, particularly in the Pub estate. The margins in the Pub business are showing continuing improvement with the steady conversion from analog to digital and we are seeing overall strengthening in the UK Pub industry, with the number of pubs and bars in the UK rising in 2019 for the first time in a decade. As we move through the year, we would expect Adjusted EBITDA and Adjusted EBITDA Margin of the Acquired Businesses to increase because of the steady conversion from analog to digital, the seasonality of the business and the benefits from synergy achievements, which we are now forecasting to be higher than originally estimated," said Weil.

Weil concluded, "With the uncertainty surrounding the Triennial behind us, we are delighted to see these positive trends across our business thus far in 2020, where, in addition to the annualization of the Acquired Businesses, we continue to see upside from North American penetration, accelerated UK Pub and Leisure digitization, additional customers coming onboard in Virtual Sports and Interactive, as well as the realization of expected synergies."

For earnings history and earnings-related data on Inspired Entertainment (INSE) click here.