See more : Payright Limited (PYR.AX) Income Statement Analysis – Financial Results
Complete financial analysis of GAN Limited (GAN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GAN Limited, a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.
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GAN Limited (GAN)
About GAN Limited
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website, as well as a range of development, marketing, and customer support services designed to deploy and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 129.42M | 141.53M | 125.43M | 35.16M | 29.97M | 14.02M | 12.31M | 9.62M | 8.86M | 11.73M | 20.32M | 8.94M |
| Cost of Revenue | 38.70M | 41.63M | 41.37M | 10.47M | 11.98M | 11.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 90.72M | 99.89M | 84.06M | 24.69M | 17.99M | 2.13M | 12.31M | 9.62M | 8.86M | 11.73M | 20.32M | 8.94M |
| Gross Profit Ratio | 70.10% | 70.58% | 67.02% | 70.22% | 60.02% | 15.18% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 40.22M | 26.35M | 21.66M | 11.03M | 4.52M | 5.01M | 6.10M | 4.50M | 3.56M | 3.02M | 2.98M | 0.00 |
| General & Administrative | 36.66M | 46.91M | 48.81M | 24.83M | 15.09M | 10.23M | 6.77M | 6.22M | 8.69M | 9.98M | 9.88M | 6.16M |
| Selling & Marketing | 28.97M | 28.10M | 22.19M | 5.05M | 3.49M | 0.00 | 10.80M | 9.15M | 7.94M | 5.81M | 5.03M | 3.76M |
| SG&A | 65.63M | 75.00M | 71.00M | 29.87M | 15.09M | 10.23M | 17.57M | 15.37M | 16.63M | 15.79M | 14.92M | 9.93M |
| Other Expenses | 15.19M | 23.28M | 16.92M | 3.26M | 0.00 | 0.00 | -303.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 121.03M | 124.62M | 109.58M | 44.16M | 15.09M | 10.23M | 17.85M | 16.05M | 17.16M | 15.89M | 17.74M | 10.46M |
| Cost & Expenses | 159.73M | 166.26M | 150.95M | 54.63M | 27.07M | 22.12M | 17.85M | 16.05M | 17.16M | 15.89M | 17.74M | 10.46M |
| Interest Income | 0.00 | 1.25M | 32.00K | 3.00K | 15.00K | 8.00K | 0.00 | 0.00 | 0.00 | 0.00 | 24.85K | 29.26K |
| Interest Expense | 4.72M | 336.61M | 2.00K | 395.00K | 127.00K | 448.00K | 157.96K | 21.00K | 19.00K | 67.00K | 0.00 | 0.00 |
| Depreciation & Amortization | 17.16M | 23.28M | 16.81M | 3.26M | 4.32M | 6.19M | 788.43K | 1.02M | 752.10K | 603.13K | 485.38K | 1.17M |
| EBITDA | -13.15M | -7.62M | -10.90M | -16.21M | 6.92M | -2.24M | -4.47M | -4.73M | -7.02M | -3.45M | 5.88M | 178.79K |
| EBITDA Ratio | -10.16% | 117.52% | -6.85% | -46.12% | 25.54% | -13.58% | -36.28% | -49.24% | -79.15% | -29.42% | 28.96% | 2.00% |
| Operating Income | -30.31M | 143.05M | -25.52M | -19.47M | 2.47M | -8.20M | -5.26M | -5.75M | -7.77M | -4.06M | 5.40M | -988.22K |
| Operating Income Ratio | -23.42% | 101.08% | -20.34% | -55.38% | 8.25% | -58.45% | -42.69% | -59.80% | -87.64% | -34.56% | 26.57% | -11.06% |
| Total Other Income/Expenses | -3.99M | -1.05M | 408.00K | -392.00K | -13.00K | -440.00K | -157.96K | 25.88K | -495.50K | 104.42K | 24.85K | -565.62K |
| Income Before Tax | -34.31M | -193.56M | -25.11M | -19.86M | 2.36M | -8.64M | -5.69M | -6.41M | -8.26M | -4.06M | 2.60M | -1.55M |
| Income Before Tax Ratio | -26.51% | -136.76% | -20.02% | -56.50% | 7.88% | -61.58% | -46.23% | -66.63% | -93.23% | -34.56% | 12.79% | -17.38% |
| Income Tax Expense | 138.00K | 3.94M | -208.00K | 353.00K | 574.00K | -934.00K | 996.34K | 1.77M | 858.28K | 134.00K | 762.03K | 1.77M |
| Net Income | -34.44M | -197.50M | -24.90M | -20.22M | 1.79M | -7.70M | -4.70M | -4.63M | -7.41M | -4.06M | 1.84M | 211.30K |
| Net Income Ratio | -26.61% | -139.55% | -19.85% | -57.50% | 5.97% | -54.92% | -38.14% | -48.17% | -83.55% | -34.56% | 9.04% | 2.36% |
| EPS | -0.78 | -4.66 | -0.59 | -0.75 | 0.09 | -0.39 | -0.07 | -0.07 | -0.13 | -0.07 | 0.04 | 0.00 |
| EPS Diluted | -0.78 | -4.66 | -0.59 | -0.75 | 0.09 | -0.39 | -0.07 | -0.07 | -0.13 | -0.07 | 0.04 | 0.00 |
| Weighted Avg Shares Out | 44.18M | 42.36M | 42.02M | 27.01M | 21.37M | 19.65M | 70.05M | 64.65M | 55.86M | 55.84M | 46.02M | 43.33M |
| Weighted Avg Shares Out (Dil) | 44.18M | 42.36M | 42.02M | 27.01M | 23.42M | 19.65M | 70.05M | 64.65M | 55.89M | 55.86M | 45.97M | 43.36M |
GAN Reports Third Quarter 2024 Financial Results
LAS VEGAS--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for...
GAN Announces Approval of Merger by the Nevada Gaming Commission
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading international B2C operator of Internet sports betting, today announced that it has received approval...
GAN Reports First Quarter 2024 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for...
GAN to Release First Quarter Results on May 9, 2024
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial...
GAN Announces Recent Appointment of Mr. Brian Chang to Chief Financial Officer
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has...
GAN Reports Fourth Quarter and Full Year 2023 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for...
GAN Announces Recent Appointment of Mr. Seamus McGill to Chief Executive Officer
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has...
GAN Limited Shareholders Approve SEGA SAMMY Merger Proposal at Special General Meeting of Shareholders
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that, at a special general...
GAN Reminds Shareholders to Vote in the Upcoming Special Shareholder Meeting
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reminded its shareholders to vote in...
GAN Files Definitive Proxy Statement and Will Hold Special Meeting of Shareholders to Vote on Merger With Affiliate of SEGA SAMMY HOLDINGS, INC.
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that the Company will hold...
Source: https://incomestatements.info
Category: Stock Reports