Galaxy Gaming, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 06:12 am EDT
Share
Galaxy Gaming, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 7.53 million compared to USD 5.68 million a year ago. Net income was USD 0.356769 million compared to net loss of USD 1.12 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the six months, revenue was USD 14.95 million compared to USD 11.59 million a year ago. Net income was USD 0.467463 million compared to net loss of USD 1.13 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to diluted loss per share from continuing operations of USD 0.05 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.