NEVADA GOLD & CASINOS INC (UWN) [Rocket]

In millions, except per share items	Apr-30-18	Apr-30-17	Apr-30-16	Apr-30-15	Apr-30-14	Apr-30-13	Apr-30-12	Apr-30-11
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Washington	54.4	54.3	56.7	56.0
Nevada	13.6	13.5	6.0
South Dakota Gold	6.6	6.7	7.5	8.4
Total revenues [+]	74.6	74.5	70.2	64.3	62.8	65.9	55.6	42.5
Food & beverage	13.3	13.4	11.8	10.2	10.1	10.1	11.4	8.7
Casino	65.8	65.8	62.1	56.7	55.3	58.4	47.4	36.0
Other				1.8
Other income	2.0	2.1	2.0	1.8	1.7	1.8	2.5	1.8
Promotional allowances	-6.4	-7.0	-5.7	-4.4	-4.3	-4.4	-5.7	-3.9
Revenue growth [+]	0.1%	6.0%	9.1%	2.5%	-4.7%	18.5%	30.8%	-99.8%
Washington	0.3%	-4.4%	1.4%
Nevada	0.6%	124.1%
South Dakota Gold	-2.2%	-10.1%	-10.8%
Cost of goods sold [+]	49.5	49.2	44.0	40.5	40.4	41.3	36.4	22.5
Food and beverage costs	6.8	6.2	5.7	5.4	5.1	4.8	4.2	3.7
Excise and sales taxes								1.0
Other cost of sales				0.2				0.3
Casino costs	36.5	36.5	33.4	31.5	32.1	33.0	25.6	18.5
Construction and development costs							1.7
Other direct costs	0.2	0.2	0.2	0.2				0.3
Gross profit	25.1	25.2	26.3	23.9	22.4	24.6	19.2	20.0
Gross margin	33.6%	33.9%	37.4%	37.1%	35.6%	37.3%	34.5%	47.1%
Selling, general and administrative [+]	20.7	20.8	18.6	17.2	16.4	16.7	16.8	13.8
Sales and marketing								10.1
General and administrative								3.7
Other selling, general and administrative								10.1
Equity in earnings
Other operating expenses	-0.6	-0.4	1.8	1.2	1.5	3.4	1.6	3.7
EBITDA [+]	5.0	4.9	5.8	5.5	4.6	4.5	1.0	2.7
EBITDA growth	2.2%	-16.3%	6.4%	19.9%	0.9%	374.6%	-64.8%	-100.3%
EBITDA margin	6.7%	6.5%	8.3%	8.5%	7.3%	6.9%	1.7%	6.4%
Depreciation	1.9	2.1	1.4	1.0	2.3	2.1	2.1	1.8
EBITA	3.1	2.7	4.4	4.5	2.3	2.4	-1.2	0.9
EBITA margin	4.2%	3.7%	6.3%	7.0%	3.7%	3.6%	-2.1%	2.1%
Amortization of intangibles	0.5	0.9	1.2	1.2
EBIT [+]	2.6	1.8	3.2	3.3	2.3	2.4	-1.2	0.9
EBIT growth	40.9%	-42.4%	-2.7%	43.7%	-4.1%	-306.8%	-229.0%	-100.0%
EBIT margin	3.5%	2.5%	4.6%	5.1%	3.7%	3.6%	-2.1%	2.1%
Non-recurring items [+]	0.0	0.1	-0.2				6.8	1.1
Asset impairment							6.8
Loss (gain) on sale of assets	0.0	0.1	-0.2	0.0
Legal settlement								0.3
Interest expense, net [+]	0.0	-0.1	-0.1	-0.1	-0.1	1.4	1.4	1.2
Interest expense						1.5	1.6	1.4
Interest income	0.0	0.1	0.1	0.1	0.1	0.1	0.2	0.2
Other income (expense), net [+]	-0.5	-0.5	-0.9	-0.7	-1.7	-0.3	-0.4	0.3
Amortization of financing costs and debt discount						-0.3	-0.2	0.0
Acquisition-related costs							0.2
Gain (loss) on sale of assets				0.0		0.0	-0.1	0.4
Gain (loss) on debt retirement					-0.3		-0.2
Pre-tax income	2.2	1.4	2.5	2.7	0.7	0.7	-9.8	-1.1
Income taxes	0.9	0.8	1.2	0.9	0.3	0.6	-3.4	-0.7
Tax rate	39.2%	58.4%	48.4%	32.9%	38.7%	81.3%	34.2%	62.4%
Earnings from continuing ops	1.3	0.6	1.3	1.8	0.4	0.1	-6.4	-0.4
Earnings from discontinued ops						-0.1	-1.5	-0.1
Net income	1.3	0.6	1.3	1.8	0.4	0.0	-7.9	-0.5
Net margin	1.8%	0.8%	1.9%	2.8%	0.7%	0.1%	-14.3%	-1.1%

Basic EPS [+]	$0.08	$0.03	$0.08	$0.11	$0.03	$0.01	($0.45)	($0.03)
Growth	144.4%	-58.3%	-31.3%	300.9%	245.8%	-101.8%	1312.0%	-100.0%
Diluted EPS [+]	$0.08	$0.03	$0.08	$0.11	$0.03	$0.01	($0.45)	($0.03)
Growth	143.3%	-58.3%	-32.0%	302.1%	242.7%	-101.8%	1312.0%	-100.0%

Shares outstanding (basic) [+]	17.0	17.7	17.0	16.2	16.1	16.0	14.4	12.8
Growth	-4.0%	4.0%	4.8%	0.6%	0.8%	11.2%	12.7%	-0.9%
Shares outstanding (diluted) [+]	17.4	18.0	17.3	16.3	16.3	16.0	14.4	12.8
Growth	-3.6%	4.0%	5.8%	0.3%	1.7%	11.4%	12.7%	-0.9%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.