Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 6480 Cameron Street, Suite 305 LAS VEGAS NV 89118 |
Tel: | N/A |
Website: | https://www.galaxygaming.com |
IR: | See website |
Key People | ||
Matt Reback President, Chief Executive Officer | Harry C. Hagerty Chief Financial Officer, Treasurer, Corporate Secretary | Steph Nel Senior Vice President - Worldwide Sales |
Business Overview |
Galaxy Gaming, Inc. is a gaming company. The Company is specialized in the designing, development, acquisition, assembling, marketing and licensing of casino table games and associated technology, platforms and systems for the casino gaming industry. It markets its products and services in North America, the Caribbean, Central America, the United Kingdom, Europe and Africa and to cruise ship companies. It licenses its products and services for use solely in legalized gaming markets. It also licenses its content and distributes content from other companies to iGaming operators throughout the world. It has two segments. GG Core operating segment licenses its products to gaming establishments in the physical world, including casinos, racinos, cruise ships among other and to providers of gaming devices, such as electronic table games. GG Digital operating segment licenses its products to gaming establishments in the virtual world, including online casinos and other gaming-related websites. |
Financial Overview |
For the nine months ended 30 September 2023, Galaxy Gaming Inc revenues increased 20% to $21.1M. Net loss decreased 46% to $988K. Revenues reflect North America and Caribbean segment increase of 74% to $13.2M. Lower net loss reflects Depreciation and amortization decrease of 25% to $1.6M (expense), Foreign currency exchange gain (loss) decrease of 95% to $22K (expense). |
Employees: | 42 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $71.32M as of Dec 31, 2023 |
Annual revenue (TTM): | $26.99M as of Dec 31, 2023 |
EBITDA (TTM): | $10.67M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.01M as of Dec 31, 2023 |
Free cash flow (TTM): | -$1.99M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $38.00M as of Dec 31, 2023 |
Shares outstanding: | 24,865,439 as of Mar 12, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |