---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-010033"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2022-05-16T23:59:59+00:00"
generated_at: "2026-06-25T14:20:50.645712+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-010033
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2022-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000095017022010033/0000950170-22-010033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000095017022010033/glxz-20220516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-010033
- JSON: https://secwatch.observer/filing/0000950170-22-010033.json
- Plain text: https://secwatch.observer/filing/0000950170-22-010033.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/13156/000095017022010033/0000950170-22-010033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.