{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-025179","form_type":"8-K","ticker":"GLXZ","cik":"0000013156","company_name":"Galaxy Gaming, Inc.","filed_at":"2022-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.097273+00:00","generated_at":"2026-06-21T18:11:25.171516+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Galaxy Gaming Q3 revenue up 12% to $5.9M but net loss of $699K; 2022 guidance trimmed","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-025179","json":"https://secwatch.observer/filing/0000950170-22-025179.json","markdown":"https://secwatch.observer/filing/0000950170-22-025179.md","text":"https://secwatch.observer/filing/0000950170-22-025179.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/glxz-20221114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T18:11:25.171516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8f6dbcd1e63b959a113c52fc555b3e7a06d8dc49","claim":"Galaxy Gaming, Inc. reported 9 months ended September 30, 2022 results: revenue $17,502K, net income $(1,828)K.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"9 months ended September 30, 2022"},{"label":"Revenue","value":"$17,502K"},{"label":"Net income","value":"$(1,828)K"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9130ef812f081a708bb53184c96bea15bb9775cc","claim":"Galaxy Gaming, Inc. reported Q3 2022 results: revenue $5,907K, net income $(699)K.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 2022"},{"label":"Revenue","value":"$5,907K"},{"label":"Net income","value":"$(699)K"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b2af5cb849f3ee0a0b007ff437d839f8a0e8576a","claim":"Galaxy Gaming, Inc. reported FY2022 results: revenue $22.5-$23.5 million. Guidance lowered.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY2022"},{"label":"Revenue","value":"$22.5-$23.5 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}