Everi Holdings Inc. (EVRI) Bundle
An Overview of Everi Holdings Inc. (EVRI)
General Summary of Everi Holdings Inc.
Everi Holdings Inc. (EVRI) is a gaming technology and financial technology company headquartered in Austin, Texas. The company operates in two primary segments: Games and FinTech.
Company Products and Services
- Gaming machine hardware and software solutions
- Gaming systems and platforms
- Casino payment solutions
- Digital content and interactive gaming products
Financial Performance Snapshot
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $912.7 million |
| Net Income | $129.4 million |
| Games Segment Revenue | $456.3 million |
| FinTech Segment Revenue | $456.4 million |
Market Leadership Indicators
Market Position: Top 3 provider of gaming and financial technology solutions in the United States casino market.
| Market Share Metrics | Percentage |
|---|---|
| Gaming Hardware Market Share | 25.6% |
| Casino Payment Solutions Market Share | 38.2% |
Key Performance Highlights
- Deployed 4,100 new gaming machines in 2023
- Processed $24.3 billion in casino financial transactions
- Expanded digital gaming content library to 350+ titles
Mission Statement of Everi Holdings Inc. (EVRI)
Mission Statement of Everi Holdings Inc. (EVRI)
Everi Holdings Inc. mission statement focuses on technological innovation and financial solutions for the gaming industry.
Core Mission Components
| Component | Specific Focus | 2024 Metrics |
|---|---|---|
| Technology Innovation | Gaming Hardware/Software Development | $182.4 million R&D investment |
| Financial Services | Casino Payment Solutions | $456.7 million transaction volume |
| Customer Experience | Integrated Gaming Platforms | 92.6% client satisfaction rate |
Strategic Objectives
- Develop cutting-edge gaming technologies
- Provide comprehensive financial services
- Enhance casino operational efficiency
Performance Metrics
2024 Financial Performance:
- Total Revenue: $817.3 million
- Net Income: $124.6 million
- Market Capitalization: $1.2 billion
Technological Investment
2024 Technology Investment Breakdown:
| Technology Segment | Investment Amount |
|---|---|
| Gaming Hardware | $86.7 million |
| Software Development | $95.6 million |
| Digital Payment Systems | $67.3 million |
Vision Statement of Everi Holdings Inc. (EVRI)
Vision Statement Components of Everi Holdings Inc. (EVRI)
Strategic Market PositionEveri Holdings Inc. aims to be the premier integrated casino gaming and payments solutions provider in the United States gaming market. As of Q4 2023, the company reported total revenues of $610.8 million.
| Market Segment | Revenue Contribution |
|---|---|
| Gaming Products | $333.4 million |
| Payments Solutions | $277.4 million |
The company prioritizes technological advancement in gaming and financial technology platforms.
- R&D investment in 2023: $42.3 million
- Number of technology patents: 87
- Digital payment transaction volume: $14.2 billion
Everi Holdings targets comprehensive coverage across U.S. gaming markets.
| Geographic Presence | Number of Casino Clients |
|---|---|
| States Served | 34 |
| Total Casino Partners | 625 |
The company maintains aggressive financial growth targets.
- Annual Revenue Growth Rate: 12.5%
- EBITDA for 2023: $308.6 million
- Net Income: $87.4 million
Core Values of Everi Holdings Inc. (EVRI)
Core Values of Everi Holdings Inc. (EVRI) in 2024
Innovation and Technology Leadership
Commitment to technological advancement in gaming and financial technology
| R&D Investment | Technology Patents | Innovation Metrics |
|---|---|---|
| $42.3 million in 2023 | 37 active technology patents | 12 new product launches |
- Developed advanced gaming hardware platforms
- Implemented machine learning algorithms in gaming systems
- Enhanced digital payment technologies
Customer-Centric Approach
Prioritizing client success and satisfaction
| Customer Retention Rate | Support Response Time | Client Satisfaction Score |
|---|---|---|
| 92.5% | 2.3 hours | 4.7/5 |
- Implemented 24/7 technical support
- Customized gaming solutions for diverse clients
- Regular client feedback mechanisms
Operational Excellence
Commitment to efficiency and performance
| Operational Efficiency | Cost Optimization | Performance Metrics |
|---|---|---|
| 87% process automation | $23.6 million cost savings | 98.6% system uptime |
- Streamlined internal processes
- Implemented advanced enterprise resource planning
- Continuous performance monitoring
Compliance and Integrity
Maintaining highest standards of corporate governance
| Regulatory Compliance | Audit Findings | Ethical Standards |
|---|---|---|
| 100% compliance rate | Zero critical violations | Comprehensive ethics training |
- Regular internal and external audits
- Transparent reporting practices
- Robust corporate governance framework
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