---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-012939"
form_type: "8-K"
ticker: "GLXZ"
cik: "0000013156"
company_name: "Galaxy Gaming, Inc."
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T11:43:51.004208+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Galaxy Gaming Q4 revenue up 73% to $5.67M; guides FY2022 revenue $23.5-25.0M

## Summary
- Q4 revenue $5.67M (+73% YoY); net income $598K (Q4 2020 included $840K PPP gain).
- FY 2021 revenue $19.98M (+95%); net income $2.11M vs net loss $2.21M; iGaming gross revenue record $8.1M.
- Cash $16.1M (+168% YoY); gross debt $60.5M; dividend/repurchase restrictions through Nov 2022.
- FY2022 guidance: rev $23.5-25.0M, Adj. EBITDA $11.5-12.5M, assumes no COVID lockdowns/Ukraine impact.
- Board comp restructured: Chair $200K, members $150K, 60% cash/40% stock, ~0.3% dilution.

## SEC filing metadata
- accession: 0001564590-22-012939
- form_type: 8-K
- ticker: GLXZ
- cik: 0000013156
- company_name: Galaxy Gaming, Inc.
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/13156/000156459022012939/0001564590-22-012939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/13156/000156459022012939/glxz-8k_20220331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-012939
- JSON: https://secwatch.observer/filing/0001564590-22-012939.json
- Plain text: https://secwatch.observer/filing/0001564590-22-012939.txt

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