{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-022134","form_type":"8-K","ticker":"GLXZ","cik":"0000013156","company_name":"Galaxy Gaming, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.351676+00:00","generated_at":"2026-06-15T00:46:00.291240+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Galaxy Gaming Q1 revenue up 25% to $7.4M, net income $111K; raises FY 2023 guidance","bullets":["Revenue $7.4M (+25% YoY); net income $111K vs loss of $14K in Q1 2022.","Adjusted EBITDA $3.08M (+15% YoY); net leverage 3.9x vs 6.0x max covenant.","GG Core revenue included $1.3M perpetual license purchases; ex-that, core up slightly.","FY 2023 revenue guidance raised to $27.5-28.5M (from $26-27M); EBITDA guidance raised to $13.0-13.25M (from $12-13M).","Cash $16.4M; debt reduced to $58.8M; GOS platform approved by testing lab."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-022134","json":"https://secwatch.observer/filing/0000950170-23-022134.json","markdown":"https://secwatch.observer/filing/0000950170-23-022134.md","text":"https://secwatch.observer/filing/0000950170-23-022134.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/13156/000095017023022134/0000950170-23-022134-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/13156/000095017023022134/glxz-20230331.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:46:00.291240+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":"96176aa630219f45decc838ec94743051bcfd91c","claim":"Galaxy Gaming, Inc. updated its fiscal 2023 guidance (raised).","evidence_excerpt":"With respect to fiscal 2023, we are increasing our guidance for revenue (net of iGaming royalties) from a range of $26-$27 million to a range of $27.5-$28.5 million, and we are increasing the guidance for Adjusted EBITDA from a range of $12-13 million to a range of $13.0-13.25 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017023022134/0000950170-23-022134-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"cfe901a7a1a35372d9a673a3fc8723df06d3e85c","claim":"Galaxy Gaming, Inc. reported the quarter ended March 31, 2023 results: revenue $7,423K, net income $111K. Guidance raised.","evidence_excerpt":"casinos and iGaming content, announced today its financial results for the quarter ended March 31, 2023. Financial Highlights Q1 2023 vs. Q1 2022 • Revenue increased 25% to $7,423K • Adjusted EBITDA increased 15% to $3,084K • Net income of $111K vs. net loss of $(14)K Balance Sheet Changes (vs. December 31, 2022) • Cash decreased 10% to $16,386K • Total","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017023022134/0000950170-23-022134-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$7,423K"},{"label":"Net income","value":"$111K"},{"label":"Guidance","value":"raised"},{"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"}