secwatch.observer — SEC 8-K summary
======================================

Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0000950170-22-010033
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017022010033/0000950170-22-010033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017022010033/glxz-20220516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer