---
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"
generated_at: "2026-06-21T18:11:25.171516+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-025179
- JSON: https://secwatch.observer/filing/0000950170-22-025179.json
- Plain text: https://secwatch.observer/filing/0000950170-22-025179.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.