Galaxy Gaming Q2 Revenue Hits $7.9M, Record Recurring Sales Drive 5% Growth
GLXZ is trading near its 52-week low of $1.42 (14% above the low) on elevated volume (2.8× avg).
Summary
Galaxy Gaming reported final Q2 revenue of $7.9 million, up 5% year-over-year, driven by an 8% jump in recurring revenue. Net income came in at $1 million, with adjusted EBITDA of $3.5 million, up 11%. The results land at the high end of the preliminary range issued last month, confirming the post-merger-termination trajectory. Management flagged that full-year perpetual license sales will dip slightly, but plans to launch new games and progressive systems this fall. The company also disclosed it has already repurchased 330,758 shares under its new $4 million buyback program, signaling confidence in the standalone path.
At the time of this announcement, GLXZ was trading at $1.62 on OTC in the Trade & Services sector, with a market capitalization of approximately $41.1M. The 52-week trading range was $1.42 to $3.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.