---
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"
generated_at: "2026-06-17T06:21:44.214451+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming Q4 revenue +5% to $5.94M; FY net loss $(1.73)M; guides 2023 rev $26-27M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-011788
- JSON: https://secwatch.observer/filing/0000950170-23-011788.json
- Plain text: https://secwatch.observer/filing/0000950170-23-011788.txt

## Key facts
- Earnings Releases
  Galaxy Gaming, Inc. reported the year ended December 31, 2022 results: revenue $23,442K, net income $(1,733)K. Guidance initiated.
  - Period: the year ended December 31, 2022
  - Revenue: $23,442K
  - Net income: $(1,733)K
  - Guidance: initiated
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm
- Earnings Releases
  Galaxy Gaming, Inc. reported the quarter ended December 31, 2022 results: revenue $5,940K, net income $55K. Guidance initiated.
  - Period: the quarter ended December 31, 2022
  - Revenue: $5,940K
  - Net income: $55K
  - Guidance: initiated
  - Result: reported results
  source text: • 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_url: https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm

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