FLL Earnings Prediction
The chart below shows how FLL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FLL sees a +3.69% change in stock price 10 days leading up to the earnings, and a +1.16% change 10 days following the report. On the earnings day itself, the stock moves by -0.37%. This data can give you a slight idea of what to expect for the next quarter's release.
FLL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
75.69M
5.79%
2.99%
Gross Margin
36.04%
-22.93%
-6.61%
Operating Margin
0.59%
-95.93%
-81.27%
Net Margin
-11.19%
-274.30%
-4.68%
EPS
-0.24
-284.62%
-4.00%
No Data Available
FLL Earnings Analysis
Full House Resorts, Inc. Corporation (FLL.O) Earnings Conference Call
Positive
Strong Revenue Increase: 1. Revenue Growth: Full House Resorts reported a revenue increase to $13.0 million in Q3 2024, up from $10.8 million in Q2 2024, reflecting a strong upward trend in earnings.
Occupancy Rate Increase: 2. Occupancy Improvement: The occupancy rate at the Chamonix property reached over 80% in September 2024, a significant increase from 50% in the spring, indicating successful marketing efforts.
Customer Acquisition Success: 3. Successful Marketing Initiatives: A targeted mailing campaign resulted in 462 new customers, with an average win of $180 per person, effectively covering customer acquisition costs and contributing to future growth.
Strong EBIT Growth: 4. Strong Performance at American Place: American Place achieved $7.7 million in EBIT for Q3 2024, marking a 13.3% increase compared to the same quarter last year, alongside a 17.6% rise in revenues.
Asset Sale Cash Flow: 5. Positive Cash Flow from Asset Sale: The company completed a two-stage sale of Fallon, generating $7 million from the real estate sale and an additional $2 million upon licensing, contributing positively to cash flow.
Negative
EBITDA Decline Analysis: 1. Disappointing EBITDA Performance: The EBITDA for Colorado was a loss of $0.7 million in Q3 2024, compared to a profit of $0.1 million in Q3 2023, indicating a significant decline in profitability.
Operating Expenses Surge: 2. Rising Operating Expenses: Total expenses surged to $13.7 million in Q3 2024, up from $5.0 million in Q3 2023, outpacing revenue growth and leading to a small loss for the quarter.
Marketing Campaign Ineffectiveness: 3. Ineffective Marketing Campaigns: A mailing list campaign targeting 176,000 potential customers resulted in only 0.8% engagement, costing over $100 per new customer, which did not yield sufficient revenue to cover costs.
EBITDA Decline Analysis: 4. Decline in Silver Slipper EBITDA: The Silver Slipper's EBITDA dropped to $2.6 million in Q3 2024 from $3.6 million in Q3 2023, reflecting a $1 million decrease attributed to external factors like weather disruptions.
Customer Acquisition Cost Analysis: 5. Customer Acquisition Cost Concerns: The average customer acquisition cost from a successful mailing list was $30, while the less successful list resulted in a cost of $200 per customer, raising concerns about the sustainability of marketing strategies.
FLL FAQs
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FLL Earning Call Sentiment
Full House Resorts, Inc. (FLL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FLL.O
-0.56%Positive
The earnings call reveals several negative factors: disappointing financial performance with revenue only matching expenses, resulting in losses, high customer acquisition costs, and competition risks. Despite significant revenue growth, expenses have increased proportionally, negating profitability. The Q&A highlights management's unclear responses on key issues like margin progression and competition impact. No share buyback program was announced, and several properties showed declining EBITDA. Although there are some positive signs, such as the American Place performance, the overall sentiment is negative, likely resulting in a stock price decline.
