Accel Entertainment, Inc. Files 10-Q for Period Ending March 31, 2024
Ticker: ACEL · Form: 10-Q · Filed: 2024-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, Accel Entertainment, Financial Results, Gaming, Amusement
TL;DR
<b>Accel Entertainment filed its Q1 2024 10-Q, detailing financial performance across its gaming and amusement segments and key balance sheet items.</b>
AI Summary
Accel Entertainment, Inc. (ACEL) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Accel Entertainment reported financial results for the first quarter ended March 31, 2024. The company operates in amusement and recreation services, with segments including Video Gaming, Amusement, Manufacturing, and ATM Fees & Other Revenue. Financial data for the periods ending March 31, 2024, March 31, 2023, December 31, 2023, and December 31, 2022, are presented. Key balance sheet items such as Common Stock, Additional Paid-In Capital, Treasury Stock, Accumulated Other Comprehensive Income, and Retained Earnings are detailed for various periods. Geographic segments include Illinois (IL), Montana (MT), and Nevada (NV), with financial data presented for Q1 2024 and Q1 2023 for these states.
Why It Matters
For investors and stakeholders tracking Accel Entertainment, Inc., this filing contains several important signals. This filing provides a quarterly update on Accel Entertainment's financial health and operational performance, crucial for investors to assess recent trends and profitability. The breakdown by segment and state allows for a granular understanding of where the company is generating revenue and its performance in different markets.
Risk Assessment
Risk Level: medium — Accel Entertainment, Inc. shows moderate risk based on this filing. The company's financial performance is subject to the regulations and economic conditions of the states in which it operates, particularly Illinois, Montana, and Nevada, which could impact revenue and profitability.
Analyst Insight
Investors should analyze the revenue growth and net income trends across different segments and states to identify areas of strength and potential concern.
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| VideoGamingMember | ||
| AmusementMember | ||
| ManufacturingMember | ||
| ATMFeesAndOtherRevenueMember |
Key Numbers
- 2024-03-31 — Period End Date (Quarterly report period)
- 2024-01-01 — Period Start Date (Quarterly report period)
- 2023-03-31 — Prior Period End Date (Comparison period)
- 2023-01-01 — Prior Period Start Date (Comparison period)
Key Players & Entities
- Accel Entertainment, Inc. (company) — Filer name
- 2024-03-31 (date) — Conformed period of report
- 2024-05-08 (date) — Filed as of date
- Burr Ridge, IL (location) — Business address
- TPG Pace Holdings Corp. (company) — Former company name
FAQ
When did Accel Entertainment, Inc. file this 10-Q?
Accel Entertainment, Inc. filed this Quarterly Report (10-Q) with the SEC on May 8, 2024.
What is a 10-Q filing?
A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Accel Entertainment, Inc. (ACEL).
Where can I read the original 10-Q filing from Accel Entertainment, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Accel Entertainment, Inc..
What are the key takeaways from Accel Entertainment, Inc.'s 10-Q?
Accel Entertainment, Inc. filed this 10-Q on May 8, 2024. Key takeaways: Accel Entertainment reported financial results for the first quarter ended March 31, 2024.. The company operates in amusement and recreation services, with segments including Video Gaming, Amusement, Manufacturing, and ATM Fees & Other Revenue.. Financial data for the periods ending March 31, 2024, March 31, 2023, December 31, 2023, and December 31, 2022, are presented..
Is Accel Entertainment, Inc. a risky investment based on this filing?
Based on this 10-Q, Accel Entertainment, Inc. presents a moderate-risk profile. The company's financial performance is subject to the regulations and economic conditions of the states in which it operates, particularly Illinois, Montana, and Nevada, which could impact revenue and profitability.
What should investors do after reading Accel Entertainment, Inc.'s 10-Q?
Investors should analyze the revenue growth and net income trends across different segments and states to identify areas of strength and potential concern. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company's operations are subject to various federal, state, and local laws and regulations, including those related to video gaming and amusement operations, which could change and impact business.
- Competition [medium — market]: The company faces competition from other operators of video gaming terminals and amusement facilities, which could affect market share and profitability.
- Debt Obligations [medium — financial]: The company has outstanding debt, and its ability to service this debt depends on its future financial performance and market conditions.
Key Dates
- 2024-03-31: Quarter End Date — End of the reporting period for the 10-Q filing.
From the Filing
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