secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0000950170-22-025179
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/0000950170-22-025179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017022025179/glxz-20221114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer