secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0000950170-23-042566
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000095017023042566/0000950170-23-042566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000095017023042566/glxz-20230814.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-042566

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