Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Success depends on adapting to evolving technology. This could impact product demand and play levels.
  • Our success depends on developing successful gaming concepts. Changes in player preferences may adversely affect demand.
  • The company employs 318 game developers, software programmers, and project managers, up from [previous value] in the prior year.
  • A decrease from 12% to 11% in revenue derived from customers outside the U.S.
  • Intellectual property rights are crucial for new products and services. Litigation could harm business.
  • Debt service costs increased from $40 million to $59 million for the year ended December 31, 2023.
  • AGS had 654 full-time employees in the U.S. in 2023, an increase from [previous value] in the prior year.
  • Vulnerability to changing economic conditions and casino industry factors may negatively impact revenue.
  • The company's Interactive segment generated 3% of total revenue in 2023, up from [previous value] in the prior year.
  • Difficulty entering new markets and trends could limit growth potential and impact financial results.
  • A decrease from 22% to 21% of total revenue derived from the state of Oklahoma.
  • Slow growth in new gaming jurisdictions and ownership changes could limit future prospects.
  • Increased reporting of ESG programs due to stakeholder interest in ESG practices.
  • Dependence on suppliers and manufacturers. Failure to meet standards could incur additional costs.
  • Potential delays in services due to escalating tensions in regions where contractors and employees work.
  • Stock price volatility due to market fluctuations and compliance costs as a public company.
  • Increased shares reserved for issuance upon exercise of outstanding stock options.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1593548&owner=exclude

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