Galaxy Gaming Inc (PK:GLXZ)

Business Focus: Gambling & Gaming Machine Manufacturers

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
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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

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