Inspired Entertainment Reports Q1 Net Loss Amidst Revenue Increase
Q1 2023 Revenue Rises to $66.0 Million, While Net Loss Stands at $0.2 Million
Inspired Entertainment, Inc. and its subsidiaries,(INSEW) a prominent player in the entertainment industry, have r eleased their unaudited condensed consolidated financial statements for the first quarter of 2023. The financial report reveals a notable increase in revenue compared to the same period last year. However, the company also reported a net loss for the quarter.
Net Income/Loss: A Challenging Start
Despite the company's efforts to navigate a competitive market, Inspired Entertainment faced a challenging start to the year, reporting a net loss of $0.2 million for the first quarter of 2023. This marked a significant difference from the previous year when the company reported a net income of $1.5 million during the same period.
Q1 2023 Revenue Reaches $66.0 Million**
