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In preparation for the BYI FQ2 earnings release tomorrow, we’ve put together the pertinent forward looking commentary from BYI’s FQ1 earnings release/call and subsequent conferences.

Outlook / Guidance/ Forward looking commentary

  • “We continue to expect annual systems revenue in the range of 220 million to 235 million, with systems revenue weighted towards the back half of fiscal 2011.”
  • “We continue to expect the effective income tax rate for fiscal 2011 will be between 35% and 36.5%. This range does not anticipate extension of the R&D credit nor conclusion of the IRS audit of our 2003 to 2005 income tax returns. In fact, I’m happy to report we have concluded the IRS audit, and we would expect to report a credit later this year.”
  • “We will continue to use our working capital prudently to selectively finance customer transactions, pursue acquisitions and expansion opportunities, and repurchase stock.”
  • “We are beginning to sense some slight renewed optimism from our customers. This, together with positive feedback from our customers and from players in our focus groups about our new games, the ALPHA 2 technology and our new Pro Series cabinets, leads me to expect that this will translate into customer purchases and increases in our ship shares starting in calendar 2011.”
  • “We don’t expect any revenues in Illinois this …fiscal year.”

Product updates

  • “As of September 30, we had placed over 1,200 Cash Spin units, our fastest launch ever, and we haven’t even released this in international markets as yet.”
  •  “Our games there are earning 150% of floor average, clear evidence of an increased demand by players for our games.”
  • “We have received approval for the iDeck and have recently started shipping the Pro Series V22/22 cabinets with the iDeck installed.”
  • “Our games are currently in tests with the Italian regulators, and we expect to be able to begin placing games there in the first half of calendar year 2011.”
  • [Australia and New South Wales] "We expect to begin selling product in that market early in calendar 2011 as well.”