secwatch.observer — SEC 8-K summary
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Issuer:     Galaxy Gaming, Inc. (GLXZ)
CIK:        0000013156
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001564590-22-012939
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/13156/000156459022012939/0001564590-22-012939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/13156/000156459022012939/glxz-8k_20220331.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-012939

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