Galaxy Gaming, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 05:19 pm EST
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Galaxy Gaming, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 5.91 million compared to USD 5.28 million a year ago. Net loss was USD 0.69869 million compared to net income of USD 0.874236 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
For the nine months, revenue was USD 17.5 million compared to USD 14.31 million a year ago. Net loss was USD 1.83 million compared to net income of USD 1.51 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to diluted earnings per share from continuing operations of USD 0.07 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.
GALAXY GAMING, INC. 
