Galaxy Gaming Q3 revenue up 12% to $5.9M but net loss of $699K; 2022 guidance trimmed

Galaxy Gaming, Inc.

2022-Q3 EPS reported -$0.07 revenue$17,501,783

Revenue $5.9M (+12% YoY), net loss ($699K) vs net income $874K in Q3 2021.
Adjusted EBITDA down 5% to $2.35M; nine-month revenue up 22% to $17.5M, adjusted EBITDA up 17% to $7.38M.
Eliminated contingent consideration for Bonus Craps with $2M cash payment, saving ~$315K annually.
2022 guidance: revenue midpoint $22.5-23.5M, adjusted EBITDA low end of $10-11M; cites FX, interest rate, inflation headwinds.

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 0.95

Galaxy Gaming, Inc. reported 9 months ended September 30, 2022 results: revenue $17,502K, net income $(1,828)K.

Period: 9 months ended September 30, 2022
Revenue: $17,502K
Net income: $(1,828)K
Result: reported results

Exact text from the filing

9 Months 2022 vs. 9 Months 2021 • Revenue increased 22% to $17,502K • Adjusted EBITDA increased 17% to $7,382K • Net loss of $(1,828)K vs. net income of $1,513K

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Galaxy Gaming, Inc. reported Q3 2022 results: revenue $5,907K, net income $(699)K.

Period: Q3 2022
Revenue: $5,907K
Net income: $(699)K
Result: reported results

Exact text from the filing

Financial Highlights Q3 2022 vs. Q3 2021 • Revenue increased 12% to $5,907K • Adjusted EBITDA decreased 5% to $2,350K • Net loss of $(699)K vs. net income of $874K

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Galaxy Gaming, Inc. reported FY2022 results: revenue $22.5-$23.5 million. Guidance lowered.

Period: FY2022
Revenue: $22.5-$23.5 million
Guidance: lowered
Result: guidance update

Exact text from the filing

We now forecast revenue in the midpoint of the previously expressed range of $22.5-$23.5 million and Adjusted EBITDA at the low end of the previously expressed range of $10-11 million.

View on SEC.gov

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Galaxy Gaming, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-025179

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