{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-037513","form_type":"8-K","ticker":"GLXZ","cik":"0000013156","company_name":"Galaxy Gaming, Inc.","filed_at":"2024-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.737568+00:00","generated_at":"2026-06-04T05:49:09.130853+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Galaxy Gaming corrects FY2024 net revenue growth guidance to 6.1%; FY2023 net loss $1.8M","bullets":["FY2023 net loss of $1,808K vs $1,773K prior year; net revenue up 19% to $27,789K.","Q4 2023 net loss of $820K (vs net income $55K in Q4 2022); net revenue up 13% to $6,737K.","FY2024 guidance: net revenue $29-30M, adjusted EBITDA $12-13M; corrected midpoint net revenue growth to 6.1% from 2.4%.","Corrected Q4 2022 GG Digital recurring license revenue error in original release.","Net leverage covenant at 3.7x vs 6.0x maximum; company plans refinancing."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-037513","json":"https://secwatch.observer/filing/0000950170-24-037513.json","markdown":"https://secwatch.observer/filing/0000950170-24-037513.md","text":"https://secwatch.observer/filing/0000950170-24-037513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/13156/000095017024037513/0000950170-24-037513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/13156/000095017024037513/glxz-20240325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T05:49:09.130853+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":"7ac1936f11edc253e75ffc10c268be663a23ed9b","claim":"Galaxy Gaming, Inc. reported the year ended December 31, 2023 results: revenue $27,789K, net income $(1,808)K.","evidence_excerpt":"Fiscal Year 2022 • Revenue (gross) increased 23% to $31,729K • Revenue (net) increased 19% to $27,789K • Net loss of $(1,808)K vs. net loss of $(1,773)K • Adjusted EBITDA increased 1% to $10,635K o Increased 7% when adjusting FY 22 for ERTC Balance Sheet Changes (vs.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017024037513/0000950170-24-037513-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$27,789K"},{"label":"Net income","value":"$(1,808)K"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"960b46b1a7d8eaebc750fb802918ced550544610","claim":"Galaxy Gaming, Inc. reported fiscal year 2024 results: revenue $29.0 - $30.0. Guidance initiated.","evidence_excerpt":"Actual 2024 Range Midpoint Change Recurring License Revenue $ 28.0 $34.0 - $35.0 23.2% Sale of Perpetual Licenses 3.7 1.0 - 1.5 (66.2)% Gross Revenue $ 31.7 $35.0 - $36.5 12.8% Royalties Netted against Gross Revenue (3.9) (6.0 - 6.5) 60.3% Net Revenue $ 27.8 $29.0 - $30.0 6.1% Adjusted EBITDA $ 10.6 $12.0 - $13.0 17.9% In the Disaggregation of Revenue table in Exhibit 1, Recurring License Revenue in GG Digital for Q4 2022 was incorrect.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017024037513/0000950170-24-037513-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2024"},{"label":"Revenue","value":"$29.0 - $30.0"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e541895d9a80481eec9b64ed0532f604008ac962","claim":"Galaxy Gaming, Inc. reported the quarter ended December 31, 2023 results: revenue $6,737K, net income $(820)K.","evidence_excerpt":"Q4 2022 • Revenue (gross) increased 25% to $8,382K • Revenue (net) increased 13% to $6,737K • Net loss of $(820)K vs. net income of $55K • Adjusted EBITDA decreased 10% to $2,828K o Increased 10% when adjusting Q4 22 for ERTC • Fiscal Year 2023 vs.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/13156/000095017024037513/0000950170-24-037513-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$6,737K"},{"label":"Net income","value":"$(820)K"},{"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"}