Record Baja Terminal Sales
The fourth quarter saw the highest number of Baja terminals sold since 2020, with a total of 1,639 units. Over the last eight quarters, there has been a 42% compounded annual growth rate in Baja terminal placements.
Casino and Gaming Revenue Growth
Fourth quarter casino and gaming revenue was $4.8 million, up approximately 13.5% to 14% year over year and 5% sequentially. The company expects continued recovery in this segment.
Cost Reduction Initiatives
Operating expenses decreased by $1.3 million or 19% in the fourth quarter and by $7.6 million or 23% for the full year, due to successful cost reduction initiatives.
Strong Balance Sheet
The company ended 2024 with $14.4 million in cash, up from $2.1 million at the end of 2023, providing liquidity for at least the next twelve months.