See more : Ross Acquisition Corp II (ROSS) Income Statement Analysis – Financial Results
Complete financial analysis of Galaxy Gaming, Inc. (GLXZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Galaxy Gaming, Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.
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Galaxy Gaming, Inc. (GLXZ)
About Galaxy Gaming, Inc.
Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as poker, baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, and Bonus Craps titles; and premium games, which are stand-alone games with their own set of rules and strategies under the Heads Up Hold 'em, High Card Flush, Cajun Stud, and Three Card Poker. It also provides enhanced table systems, which include Bonus Jackpot System, an electronic system installed on gaming tables designed to collect data by detecting player wagers and other game activities. In addition, the company offers automated electronic tables and other ancillary equipment, as well as relicenses various game titles to operators of online gaming systems. The company markets its products to online casinos worldwide; land-based casino gaming companies in North America, the Caribbean, Central America, the United Kingdom, Europe, and Africa; and cruise ship companies. Galaxy Gaming, Inc. was founded in 2006 and is headquartered in Las Vegas, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.79M | 23.44M | 19.98M | 10.23M | 21.30M | 18.56M | 14.86M | 12.45M | 10.95M | 9.85M | 8.22M | 7.22M | 3.68M | 3.05M | 2.77M | 0.00 | 0.00 | 336.95K | 549.21K | 939.66K | 1.44M |
| Cost of Revenue | 1.26M | 198.53K | 80.83K | 72.68K | 230.46K | 142.78K | 226.08K | 134.28K | 95.93K | 80.53K | 106.03K | 70.21K | 99.22K | 135.74K | 223.72K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 491.03K |
| Gross Profit | 26.53M | 23.24M | 19.90M | 10.16M | 21.07M | 18.42M | 14.63M | 12.32M | 10.86M | 9.76M | 8.11M | 7.15M | 3.59M | 2.92M | 2.54M | 0.00 | 0.00 | 336.95K | 549.21K | 939.66K | 950.04K |
| Gross Profit Ratio | 95.45% | 99.15% | 99.60% | 99.29% | 98.92% | 99.23% | 98.48% | 98.92% | 99.12% | 99.18% | 98.71% | 99.03% | 97.31% | 95.56% | 91.91% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 65.93% |
| Research & Development | 823.19K | 584.51K | 520.45K | 487.68K | 821.13K | 926.47K | 488.83K | 353.82K | 454.94K | 472.57K | 466.91K | 332.54K | 286.14K | 285.31K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 16.70M | 13.83M | 12.18M | 9.70M | 14.22M | 11.68M | 9.87M | 6.88M | 7.25M | 5.86M | 4.22M | 4.11M | 0.00 | 0.00 | 0.00 | 252.74K | 411.86K | 850.60K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | -1.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.70M | 13.83M | 12.18M | 9.70M | 14.22M | 11.68M | 9.87M | 6.88M | 7.25M | 5.86M | 4.22M | 4.11M | 3.20M | 2.68M | 0.00 | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 2.17M |
| Other Expenses | 2.27M | 2.76M | 2.86M | 2.22M | 1.95M | -57.50K | 1.77M | 697.21K | 1.67M | 1.67M | 1.63M | 1.62M | 457.63K | 0.00 | 2.74M | 0.00 | 0.00 | 248.14K | 0.00 | 0.00 | -448.40K |
| Operating Expenses | 19.80M | 17.17M | 15.56M | 12.41M | 17.00M | 14.45M | 12.13M | 8.93M | 9.38M | 8.00M | 6.32M | 6.06M | 3.94M | 2.97M | 2.74M | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 1.72M |
| Cost & Expenses | 21.06M | 17.37M | 15.64M | 12.49M | 17.23M | 14.59M | 12.35M | 9.06M | 9.48M | 8.09M | 6.42M | 6.13M | 4.04M | 3.10M | 2.97M | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 2.21M |
| Interest Income | 611.27K | 71.22K | 2.05K | 25.70K | 68.63K | 1.50K | 188.00 | 202.00 | 13.34K | 23.48K | 23.26K | 21.60K | 24.82K | 26.15K | 29.27K | 31.60K | 0.00 | 574.00 | 28.85K | 22.07K | 10.33K |
| Interest Expense | 9.06M | 7.41M | 1.51M | 683.36K | 1.19M | 999.64K | 1.70M | 1.21M | 1.05M | 1.09M | 1.03M | 882.55K | 89.84K | 114.41K | 176.67K | 239.00 | 6.14K | 137.92K | 193.89K | 296.70K | 203.00K |
| Depreciation & Amortization | 2.52M | 2.99M | 3.09M | 2.55M | 2.22M | 1.84M | 1.77M | 1.70M | 1.67M | 1.67M | 1.63M | 1.62M | 457.63K | 39.09K | 23.08K | 0.00 | 288.36K | -42.58K | -43.95K | -87.39K | -80.11K |
| EBITDA | 9.85M | 8.84M | 6.75M | 419.62K | 5.85M | 4.25M | 4.02M | 5.44M | 3.16M | 3.43M | 3.43M | 2.78M | 126.30K | 17.64K | -148.01K | -356.90K | -123.50K | -586.53K | -1.94M | -2.85M | -1.10M |
| EBITDA Ratio | 35.46% | 38.97% | 33.79% | -4.50% | 29.80% | 31.32% | 28.75% | 40.86% | 28.86% | 35.09% | 42.00% | 37.77% | 3.43% | 0.58% | -5.35% | 0.00% | 0.00% | -164.08% | -774.92% | -455.96% | 49.44% |
| Operating Income | 6.73M | 6.07M | 4.35M | -2.26M | 4.07M | 3.97M | 2.50M | 3.39M | 1.47M | 1.23M | 1.64M | 1.09M | -356.16K | -47.60K | -200.36K | -252.74K | -411.86K | -761.79K | -2.16M | -2.85M | -1.22M |
| Operating Income Ratio | 24.22% | 25.90% | 21.74% | -22.04% | 19.12% | 21.40% | 16.85% | 27.22% | 13.46% | 12.51% | 20.00% | 15.10% | -9.67% | -1.56% | -7.24% | 0.00% | 0.00% | -226.09% | -392.87% | -303.17% | -84.46% |
| Total Other Income/Expenses | -8.46M | -7.64M | -2.18M | -559.81K | -1.12M | -2.50M | -1.95M | -852.71K | -819.97K | -1.07M | -1.01M | -810.95K | -117.18K | -88.26K | -147.41K | 39.68K | 102.79K | -153.67K | 21.08K | 1.38M | -1.48M |
| Income Before Tax | -1.73M | -1.56M | 2.16M | -2.81M | 2.95M | 1.41M | 553.15K | 2.54M | 439.48K | 161.63K | 633.08K | 279.90K | -473.34K | -135.86K | -347.76K | -371.59K | -309.07K | -740.20K | -2.71M | -1.47M | -2.70M |
| Income Before Tax Ratio | -6.22% | -6.67% | 10.81% | -27.51% | 13.87% | 7.62% | 3.72% | 20.37% | 4.01% | 1.64% | 7.70% | 3.88% | -12.85% | -4.45% | -12.57% | 0.00% | 0.00% | -219.68% | -492.90% | -155.98% | -187.25% |
| Income Tax Expense | 79.23K | 208.89K | 48.64K | -605.94K | 10.02K | 196.80K | 564.57K | 770.72K | 251.63K | 139.75K | 69.77K | -341.82K | 89.84K | 26.15K | 129.22K | 800.00 | 397.30K | 269.13K | -2.59M | -106.98K | 2.22M |
| Net Income | -1.81M | -1.77M | 2.11M | -2.21M | 2.94M | 1.22M | -11.42K | 1.77M | 187.85K | 21.89K | 563.32K | 621.73K | -473.34K | -135.86K | -447.71K | -372.39K | -309.07K | -740.20K | 793.83K | -2.71M | -2.90M |
| Net Income Ratio | -6.50% | -7.56% | 10.57% | -21.59% | 13.82% | 6.56% | -0.08% | 14.18% | 1.72% | 0.22% | 6.85% | 8.61% | -12.85% | -4.45% | -16.19% | 0.00% | 0.00% | -219.68% | 144.54% | -288.09% | -201.58% |
| EPS | -0.07 | -0.07 | 0.10 | -0.12 | 0.12 | 0.03 | 0.00 | 0.05 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | 0.00 | -0.01 | -0.04 | -1.90 | -8.72 | 20.80 | -109.95 | -227.48 |
| EPS Diluted | -0.07 | -0.07 | 0.10 | -0.12 | 0.11 | 0.03 | 0.00 | 0.04 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | 0.00 | -0.01 | -0.04 | -1.90 | -8.72 | 20.80 | -109.95 | -227.48 |
| Weighted Avg Shares Out | 25.54M | 24.77M | 20.33M | 18.28M | 25.52M | 39.82M | 39.42M | 39.16M | 39.07M | 38.51M | 38.31M | 38.11M | 35.43M | 33.93M | 30.29M | 10.00M | 162.86K | 84.86K | 38.26K | 24.62K | 12.77K |
| Weighted Avg Shares Out (Dil) | 25.54M | 24.77M | 21.84M | 18.28M | 27.14M | 41.20M | 39.42M | 39.59M | 39.12M | 38.52M | 38.31M | 38.31M | 37.51M | 33.93M | 30.48M | 10.00M | 162.86K | 84.86K | 58.11K | 24.62K | 12.77K |
Galaxy Gaming Reports Q2 2023 Financial Results
LAS VEGAS, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced today its financial results for the quarter and six...
Galaxy Gaming® and Spirit Gaming Deliver First Blackjack Progressive in Germany
LAS VEGAS, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology and Spirit Gaming have announced that they have delivered their first blackjack progressive at...
Galaxy Gaming Executes Settlement Agreement with Former Chairman and CEO Triangulum Partners LLC
LAS VEGAS, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ) (“Galaxy” or the “Company”), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming, announced today that it entered into Settlement...
Galaxy Gaming Announces New Games, Solutions, and Big iGaming Numbers
LAS VEGAS, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, announced major milestones in its commitment to best-in-class omnichannel table game content and solutions.
Galaxy Gaming Reports Q2 2021 Financial Results
LAS VEGAS, Aug. 16, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB:GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming, announced today its financial results for the fiscal quarter ended June 30,...
Galaxy Gaming Acquires High Variance Games, LLC Game Portfolio
LAS VEGAS, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, announced they have acquired the rights to the game portfolio of High Variance Games,...
Galaxy Gaming Delivers First Terrestrial Perfect Pairs Progressive with Aspers Casino in the United Kingdom
LAS VEGAS, July 09, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, announced that they have installed the first Perfect Pairs live gaming dual progressive jackpots...
Galaxy Gaming Reports Q1 2021 and Financial Results
LAS VEGAS, May 17, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming operators, announced today its financial results for the quarter ended March...
Paul Omohundro joins Galaxy Gaming as Vice President of Business Development
LAS VEGAS, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC:GLXZ), the world's largest independent developer and distributor of casino table games and technology, announced today that Paul Omohundro has joined the Company in the position of Vice President...
Galaxy Gaming Announces Date of 2021 Virtual Annual Meeting of Stockholders
LAS VEGAS, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (the “Company”) (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, announced today that its Annual Meeting of Stockholders will be held virtually on February...
Source: https://incomestatements.info
Category: Stock Reports