Galaxy Gaming Q2 revenue up 20% to $5.68M but net loss; lowers FY guidance

Galaxy Gaming, Inc.

2022-Q2 EPS reported -$0.05 revenue$11,594,794

Q2 revenue $5.68M (+20% YoY); Adj EBITDA $2.36M (+10%); net loss $1.12M vs prior-year profit of $0.55M.
1H revenue $11.60M (+28%); Adj EBITDA $5.03M (+31%); net loss $1.13M vs prior-year profit.
Cash $17.25M; long-term debt $59.87M; stockholders' deficit $(18.03)M.
FY guidance lowered: revenue $22.5-23.5M, Adj EBITDA $10-11M due to FX, inflation, interest rate headwinds.
Constant-currency revenue growth 24% in Q2, 32% in 1H; new products: Triton platform, online roulette/baccarat.

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