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Stock impact report

Galaxy Gaming Provides Update to Earnings Release

GALAXY GAMING INC (GLXZ) 
NASDAQ:AMEX Investor Relations: ir.galaxygaming.com
Company Research Source: GlobeNewswire
LAS VEGAS, March 26, 2024 (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 corrections to certain financial information provided in the earnings release issued on March 25, 2024. In the table that provided guidance for fiscal 2024, the growth rate for Net Revenue was miscalculated. The calculated growth rate at the midpoint of the guidance range is 6.1%, not the 2.4% that was in the original release. A corrected table is presented below. (mm)2023 Actual 2024 Range Midpoint ChangeRecurring License Revenue$28.0  $34.0 - $35.0 23.2%Sale of Perpetual Licenses 3.7  1.0 - 1.5 (66.2)%Gross Revenue$31.7  $35.0 - $36.5 12.8 Show less Read more
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