Galaxy Gaming Files 8-K on Financials
Ticker: GLXZ · Form: 8-K · Filed: Mar 28, 2024 · CIK: 13156
Sentiment: neutral
Topics: financial-reporting, 8-k
TL;DR
Galaxy Gaming dropped its latest financial report, check it out.
AI Summary
Galaxy Gaming, Inc. filed an 8-K on March 28, 2024, reporting on its results of operations and financial condition as of March 25, 2024. The filing includes financial statements and exhibits related to the company's performance.
Why It Matters
This filing provides investors with updated financial information and operational results for Galaxy Gaming, Inc., crucial for assessing the company's current performance and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.
Key Players & Entities
- Galaxy Gaming, Inc. (company) — Registrant
- March 25, 2024 (date) — Earliest event reported
- March 28, 2024 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
FAQ
What specific financial information is being reported in this 8-K?
This 8-K reports on the 'Results of Operations and Financial Condition' and includes 'Financial Statements and Exhibits'.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is March 25, 2024.
When was this 8-K form filed with the SEC?
This 8-K form was filed on March 28, 2024.
What is the principal executive office address for Galaxy Gaming, Inc.?
The principal executive office is located at 6480 Cameron Street, Suite 305, Las Vegas, Nevada 89118.
What is the Commission File Number for Galaxy Gaming, Inc.?
The Commission File Number for Galaxy Gaming, Inc. is 000-30653.
Filing Stats: 610 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-03-27 20:34:36
Filing Documents
- glxz-20240325.htm (8-K) — 42KB
- glxz-ex99_1.htm (EX-99.1) — 151KB
- glxz-ex99_2.htm (EX-99.2) — 75KB
- img58282078_0.jpg (GRAPHIC) — 7KB
- img59205599_0.jpg (GRAPHIC) — 7KB
- img156247276_0.jpg (GRAPHIC) — 10KB
- 0000950170-24-037513.txt ( ) — 422KB
- glxz-20240325.xsd (EX-101.SCH) — 24KB
- glxz-20240325_htm.xml (XML) — 4KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On March 25, 2024, Galaxy Gaming, Inc. (the "Company") issued a press release that announced its 2023 financial results and provided guidance on fiscal year 2024 anticipated performance (the "Original Press Release"). The full text of the Original Press Release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The Original Press Release contained two (2) errors (explained below) and on March 26, 2024, the Company issued an updated press release that corrects the errors (the "Updated Press Release"). A copy of the Updated Press Release is attached as Exhibit 99.2 to this current report on Form 8-K and is incorporated by reference herein. Specifically, in the Original Press Release, 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% indicated in the original press release. A corrected table is presented in the Updated Press Release. The second error was in the Disaggregation of Revenue table in Exhibit 1 of the Original Press Release, Recurring License Revenue in GG Digital was incorrect. That error flowed through to the consolidated figures for that period. A corrected Exhibit 1 is attached to the Updated Press Release.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Original Press Release dated March 25, 2024, summarizing Fiscal Year 2023 Financial Results and Fiscal Year 2024 Guidance. 99.2 Updated Press Release dated March 26, 2024, correcting two errors in the Original Press Release Issued on March 25, 2024.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 27, 2024 GALAXY GAMING, INC. By: /s/ Harry C. Hagerty Harry C. Hagerty Chief Financial Officer