Galaxy Gaming, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 06:07 am EDT
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Galaxy Gaming, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 5.68 million compared to USD 4.75 million a year ago. Net loss was USD 1.12 million compared to net income of USD 0.550455 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
For the six months, revenue was USD 11.59 million compared to USD 9.03 million a year ago. Net loss was USD 1.13 million compared to net income of USD 0.639192 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to diluted earnings per share from continuing operations of USD 0.03 a year ago.
Galaxy Gaming, Inc. is a gaming company specializing in the designing, development, acquisition, assembly, marketing and licensing of proprietary casino table games and associated technology, platforms and systems for the casino gaming industry. Casinos uses its proprietary products and services to enhance their gaming operations and improve their profitability, productivity and security, as well as to offer gaming entertainment content and technology to their players. It also markets its products and services to online casinos worldwide and to land-based casino gaming companies in North America, the Caribbean, Central America, the United Kingdom, Europe and Africa and to cruise ship companies. It licenses its products to gaming establishments in the physical world (casinos, racinos, cruise ships and others) and to providers of gaming devices such as electronic table games. It also licenses its products to online casinos and other gaming-related websites.