GLXZ Research | Milton Maxwell

GLXZ

Galaxy Gaming, Inc.

2.8100

-0.0030-0.11%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

71.19M

P/E (TTM)

Basic EPS (TTM)

-0.03

Dividend Yield

Recent Filings

10-K

3/30/26Mar 30, 2026

8-K

Merger approvals pending

3/5/26Mar 5, 2026

Galaxy Gaming disclosed on March 5, 2026, that it and Evolution remain engaged with gaming regulators to secure approvals for their July 18, 2024 merger agreement, under which Evolution's sub will merge with Galaxy, leaving it as a wholly owned subsidiary. Galaxy anticipates closing before the July 17, 2026 outside date, subject to those approvals. Regulators hold the key.

8-K

Merger outside date extended

11/25/25Nov 25, 2025

Galaxy Gaming and Evolution extended their merger agreement's outside date from January 18, 2026, to July 17, 2026, on November 24, 2025. Mississippi approval secured; two jurisdictions remain, with approvals anticipated in Q1 2026. Extension reaffirms commitment. Regulatory hurdles persist.

10-Q

Q3 FY2025 results

11/7/25Nov 7, 2025

Galaxy Gaming swung to $1.9M operating income in Q3 ended September 30, 2025, up from a $0.1M loss y/y (derived), as revenue dipped 4.2% y/y to $7.3M yet SG&A plunged 35.8% on lower legal costs tied to its pending Evolution merger. Digital revenue grew 11.5% y/y to $2.8M, offsetting core declines from casino closures and lumpy perpetual sales. YTD operating income climbed 28.5% y/y to $5.8M, but a $3.0M debt extinguishment loss left net loss at $32K versus $1.7M y/y. Cash fell to $3.3M after refinancing $45M BMO term loan (due 2030 or 2028 if no merger close); OCF hit $5.5M, capex $2.2M. Debt overhang eases. Merger awaits gaming approvals. Client concentration risks persist.

8-K

Merger deadline extended

10/23/25Oct 23, 2025

Galaxy Gaming's merger with Evolution's subsidiary extended automatically to January 18, 2026, after meeting all conditions except gaming approvals on October 18, 2025. The companies push regulators for nods expected in November or December, eyeing a year-end close. Uncertainty lingers over approvals. Delays risk derailing the deal.

About

Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, and Bonus Craps brand names; and premium games, which are stand-alone games with their own set of rules and strategies under the Heads Up Hold 'em, High Card Flush, Cajun Stud, Three Card Poker, and EZ Baccarat names. It also offers automated electronic tables and other ancillary equipment, as well as licenses various game titles to operators of online gaming systems. The company markets its products to online casinos worldwide; land-based casino gaming companies in North America, the Caribbean, Central America, the United Kingdom, Europe, and Africa; and cruise ships. Galaxy Gaming, Inc. was founded in 2006 and is headquartered in Las Vegas, Nevada.

CEO

Mr. Matthew D. Reback

IPO

11/15/2010

Website

https://www.galaxygaming.com

Employees

Sector

Consumer Cyclical

Industry

Gambling