Galaxy Gaming Q1 rev up 38% to $5.9M; raises FY guidance

Galaxy Gaming, Inc.

2022-Q1 EPS reported $0.00 revenue$5,918,599

Revenue $5.919M (+38% YoY); Adj. EBITDA $2.673M (+58% YoY).
Net loss of $(14)K vs. net income of $89K in Q1 2021.
iGaming gross revenue $2.8M, up 58% YoY and 35% from Q4 2021.
FY 2022 revenue guidance raised to $24-25M; Adj. EBITDA to $11.8-12.5M.
Cash $17.242M (+7% since Dec 2021); long-term debt $60.184M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Galaxy Gaming, Inc. reported the quarter ended March 31, 2022 results: revenue $5,919K, net income $(14)K. Guidance raised.

Period: the quarter ended March 31, 2022
Revenue: $5,919K
Net income: $(14)K
Guidance: raised
Result: reported results

Exact text from the filing

Galaxy Gaming Reports Q1 2021 Financial Results LAS VEGAS, May 16, 2022 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced today its financial results for the quarter ended March 31, 2022. Financial Highlights Q1 2022 vs. Q1 2021 • Revenue increased 38% to $5,919K • Adjusted EBITDA increased 58% to $2,673K • Net loss of $(14)K vs. net income of $89K

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Source: SEC EDGAR

accession 0000950170-22-010033

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