secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0000950170-22-017559
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017022017559/0000950170-22-017559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017022017559/glxz-20220815.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-017559

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