Bally Technologies (BYI), a gaming company, has recorded a 67.43 percent plunge in profit for the quarter ended Jun. 30, 2014. The company earned $12.16 million or $0.31 a share in the quarter compared with $37.34 million or $0.95 a share a year ago. Analysts on average had predicted net income of $1.22 a share.

Revenue during the quarter grew 29.43 percent to $342.21 million from $264.40 million in the last year period.

Gross margin contracted by 448 basis points over the previous year period to 60.84 percent. That has resulted in contraction of 701 basis points in operating margins to 17.42 percent.

The company disclosed operating income of $59.61 million, compared with $64.60 million in the last year period.

''Fiscal 2014 highlights our commitment to our partners and customers in delivering world-class player experiences through innovative products and services,'' said Richard Haddrill, the company's chief executive officer.

Cash Flow

Bally Technologies has generated cash of $409.11 million from operating activities during the year, down 28.29 percent or $161.36 million when compared with the last year period. The company has generated 55.02 cents of operating cash flow in every sales dollar for the year, down from 96.35 cents in the same period last year.

As on Jun. 30, 2014, the company's cash balance stood at $77.44 million, up 22.49 percent or $14.22 million from Jun. 30, 2013.

Working Capital

Bally Technologies has witnessed an increase in the working capital over the last one year. The company's working capital stood at $341.87 million as at Jun. 30, 2014, up $75.73 million or 28.45 percent from $266.14 million on Jun. 30, 2013. It registered an increase in current ratio to 2.36 as at Jun. 30, 2014 from 2.17 on Jun. 30, 2013.

Debt Position

Bally Technologies has witnessed an increase in the total debt over the last one year. As on Jun. 30, 2014, total debt stood at $1925.42 million, up 218.45 percent or $1320.80 million, from Jun. 30, 2013. The company's total debt was 76.44 percent of total assets as on Jun. 30, 2014, compared with 61.74 percent on Jun. 30, 2013. It has witnessed an increase in debt to equity ratio to 9.35 on Jun. 30, 2014 compared with 5.07 on Jun. 30, 2013.

Interest coverage ratio, which determines how easily a company can pay interest expenses on outstanding debt, has declined to 3.03 from 14.12 in the same period last year.

Shares of the company gained $0.18 or 0.23 percent to settle at $78 on Wednesday.