secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0000950170-23-011788
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/0000950170-23-011788-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017023011788/glxz-20230331.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-011788

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