---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-042566"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:16:26.160395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming Q2 revenue up 33% to $7.5M, net income $357K, raises 2023 guidance

## Summary
- Q2 revenue $7.53M (+33% YoY); net income $357K vs loss of $1.12M.
- Adjusted EBITDA $3.22M (+36% YoY); net leverage 3.4x well under 6.0x covenant.
- Raised FY 2023 guidance: revenue to $29-30M (from $27.5-28.5M), EBITDA to $13.0-13.25M.
- Announced ten-year agreement with Evolution; exclusive US/Canada/UK/online EZ Baccarat distribution.
- First GOS platform installations in US and UK; cash $18.7M, long-term debt $58.6M.

## SEC filing metadata
- accession: 0000950170-23-042566
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000095017023042566/0000950170-23-042566-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000095017023042566/glxz-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042566
- JSON: https://secwatch.observer/filing/0000950170-23-042566.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042566.txt

## Key facts
- Earnings Releases
  Galaxy Gaming, Inc. reported the quarter ended June 30, 2023 results: revenue $7,525K, net income $357K. Guidance raised.
  - Period: the quarter ended June 30, 2023
  - Revenue: $7,525K
  - Net income: $357K
  - Guidance: raised
  - Result: reported results
  source text: iGaming content, announced today its financial results for the quarter and six months ended June 30, 2023. Financial Highlights Q2 2023 vs. Q2 2022 • Revenue increased 33% to $7,525K • Adjusted EBITDA increased 36% to $3,218K • Net income of $357K vs. net loss of $(1,116)K 1H 2023 vs. 1H 2022 • Revenue increased 29% to $14,948K • Adjusted EBITDA increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/13156/000095017023042566/0000950170-23-042566-index.htm

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