{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-011788","form_type":"8-K","ticker":"GLXZ","cik":"0000013156","company_name":"Galaxy Gaming, Inc.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.351453+00:00","generated_at":"2026-06-17T06:21:44.214451+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Galaxy Gaming Q4 revenue +5% to $5.94M; FY net loss $(1.73)M; guides 2023 rev $26-27M","bullets":["Q4 revenue $5.94M (+5% reported, +14% constant currency); adjusted EBITDA $3.15M (+30% but includes $575K ERTC credit).","Full year 2022 revenue $23.44M (+17%); net loss $(1.73)M vs net income $2.11M in 2021.","GG Digital Q4 revenue $2.0M (+16% reported, +40% constant currency); GG Core flat at $3.94M.","FY 2023 guidance: revenue $26-27M, adjusted EBITDA $12-13M; expects interest expense ~$9M.","Net leverage 4.0x vs covenant 8.0x; plans to refinance Fortress debt in Q4 2023 when prepayment penalty ends."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-011788","json":"https://secwatch.observer/filing/0000950170-23-011788.json","markdown":"https://secwatch.observer/filing/0000950170-23-011788.md","text":"https://secwatch.observer/filing/0000950170-23-011788.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/glxz-20230331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:21:44.214451+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":"a04f82e86ea72bc0ab194ba985269b1fc929e3da","claim":"Galaxy Gaming, Inc. reported the year ended December 31, 2022 results: revenue $23,442K, net income $(1,733)K. Guidance initiated.","evidence_excerpt":"• Revenue increased 17% to $23,442K o + 23% to $24,632 at constant currency • Adjusted EBITDA increased 21% to $10,534K • Net loss of $(1,733)K vs. net income of $2,112K","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$23,442K"},{"label":"Net income","value":"$(1,733)K"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"edb6697b37bf4e358566fa54990f1db775fcf06f","claim":"Galaxy Gaming, Inc. reported the quarter ended December 31, 2022 results: revenue $5,940K, net income $55K. Guidance initiated.","evidence_excerpt":"• Revenue increased 5% to $5,940K o +14% to $6,453K at constant currency • Adjusted EBITDA increased 30% to $3,153K o Q4 2022 benefited from one-time payroll tax benefit of $575k (net) • Net income declined from $598K to $55K","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2022"},{"label":"Revenue","value":"$5,940K"},{"label":"Net income","value":"$55K"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}