Galaxy Gaming Files 2024 10-K
Ticker: GLXZ · Form: 10-K · Filed: Mar 24, 2025 · CIK: 13156
Sentiment: neutral
Topics: 10-K, annual-report, gaming, financials
TL;DR
Galaxy Gaming dropped its 2024 10-K. Revenue details and future stock plans are in there.
AI Summary
Galaxy Gaming, Inc. filed its 10-K for the fiscal year ending December 31, 2024, on March 24, 2025. The filing details the company's financial performance and operations, including revenue from various customer segments and intellectual property. The company also disclosed information regarding its equity incentive plan and potential future scenarios for restricted stock units.
Why It Matters
This filing provides investors with a comprehensive overview of Galaxy Gaming's financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing mentions customer concentration risk, indicating potential reliance on a few key customers.
Key Numbers
- 2024-12-31 — Fiscal Year End (The period covered by the 10-K filing.)
- 2025-03-24 — Filing Date (The date the 10-K was officially submitted to the SEC.)
- 2023-12-31 — Prior Fiscal Year End (Provides a comparative point for financial performance.)
Key Players & Entities
- Galaxy Gaming, Inc. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-03-24 (date) — Filing date
- 6480 Cameron Street, Suite 305, Las Vegas, NV 89118 (location) — Company business and mailing address
- 702-939-3254 (phone_number) — Company business phone
- SECURED DIVERSIFIED INVESTMENT LTD (company) — Former company name
- BOOK CORP OF AMERICA (company) — Former company name
- glxz:TwoThousandFourteenEquityIncentivePlanMember (plan) — Equity Incentive Plan
- glxz:CustomerTwoMember (customer) — Customer segment mentioned for revenue and risk
- glxz:CustomerOneMember (customer) — Customer segment mentioned for revenue and risk
FAQ
What was Galaxy Gaming's total revenue for the fiscal year ending December 31, 2024?
The filing indicates 'us-gaap:SalesRevenueNetMember' for the period 2024-01-01 to 2024-12-31, but the specific dollar amount is not provided in this excerpt.
Does Galaxy Gaming face significant customer concentration risk?
Yes, the filing explicitly mentions 'us-gaap:CustomerConcentrationRiskMember' in relation to 'glxz:CustomerTwoMember' in North America and 'glxz:CustomerOneMember' in Europe for the fiscal year 2024.
What is the status of Galaxy Gaming's equity incentive plan?
The filing references 'glxz:TwoThousandFourteenEquityIncentivePlanMember' for the period 2024-01-01 to 2024-12-31, indicating its existence and relevance during the fiscal year.
Are there any disclosures regarding intellectual property?
Yes, 'us-gaap:IntellectualPropertyMember' is mentioned with a date of 2023-12-31, suggesting it is a recognized asset or area of focus for the company.
What is the projected timeframe for the 'glxz:ScenarioForecastMember' related to Restricted Stock Units?
The filing indicates a date of 2026-03-01 for 'glxz:RestrictedStockUnitsRSUMember' and 'glxz:EmployeeMember' within a 'srt:ScenarioForecastMember', suggesting a future outlook for RSUs.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 24, 2025 regarding Galaxy Gaming, Inc. (GLXZ).