High Roller Technologies Reports Q3 2024 Financials

TL;DR

HR Technologies (ROLR) Q3 2024: Assets $7M, Liabilities $7M, Revenue $0.001, Net Loss $0.001. Barely afloat.

AI Summary

High Roller Technologies, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported total assets of $7,015,017 and total liabilities of $6,967,278 as of September 30, 2024. For the nine months ended September 30, 2024, the company reported revenue of $0.001 and a net loss of $0.001.

Why It Matters

This filing provides a snapshot of High Roller Technologies' financial health and operational performance for the third quarter of 2024, crucial for investors assessing its current standing.

Risk Assessment

Risk Level: high — The company has minimal revenue and a net loss, indicating significant financial distress and a high risk of insolvency.

Key Numbers

• $7.02M — Total Assets (As of September 30, 2024, indicating the company's total resources.)
• $6.97M — Total Liabilities (As of September 30, 2024, showing the company's total obligations.)
• $0.001 — Revenue (9M 2024) (Extremely low revenue for the first nine months of 2024.)
• $0.001 — Net Loss (9M 2024) (Minimal net loss reported for the first nine months of 2024, suggesting operational challenges.)

Key Players & Entities

• High Roller Technologies, Inc. (company) — Filer
• 20240930 (date) — Period of Report
• $7,015,017 (dollar_amount) — Total Assets as of September 30, 2024
• $6,967,278 (dollar_amount) — Total Liabilities as of September 30, 2024
• $0.001 (dollar_amount) — Revenue for nine months ended September 30, 2024
• $0.001 (dollar_amount) — Net loss for nine months ended September 30, 2024

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share ROLR NYSE American LLC I

Filing Documents

• hrol20240930_10q.htm (10-Q) — 1442KB
• ex_753096.htm (EX-31.1) — 12KB
• ex_753099.htm (EX-31.2) — 12KB
• ex_753098.htm (EX-32.1) — 6KB
• ex_753097.htm (EX-32.2) — 6KB
• 0001437749-24-036702.txt ( ) — 7253KB
• rolr-20240930.xsd (EX-101.SCH) — 64KB
• rolr-20240930_cal.xml (EX-101.CAL) — 45KB
• rolr-20240930_def.xml (EX-101.DEF) — 408KB
• rolr-20240930_lab.xml (EX-101.LAB) — 350KB
• rolr-20240930_pre.xml (EX-101.PRE) — 446KB
• hrol20240930_10q_htm.xml (XML) — 1345KB

– Financial Information

PART I – Financial Information Item 1. Condensed Consolidated Financial Statements (unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) 2 Condensed Consolidated Statements of Stockholders ' (Deficit) Equity (unaudited) 3 Condensed Consolidated Statements of Cash Flows (unaudited) 4 Notes to the Condensed Consolidated Financial Statements (unaudited) 5 Item 2. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34

– Other Information

PART II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 4. Mine Safety Disclosure 35 Item 5. Other Information 36 Item 6. Exhibits 37

Signatures

Signatures 38 i NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations or financial condition, business strategy, and plans and objectives of management for future operations are forward-looking statements. In some cases, these statements can be identified by the use of forward-looking terminology such as "believes," "estimates," "anticipates," "expects," "plans," "intends," "may," "could," "might," "will," "should," "approximately," "project," or "potential," or negative or other variations of those terms or comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements involve risks and uncertainties because they relate to events, developments, and circumstances relating to High Roller Technologies, Inc., our industry, and/or general economic or other conditions that may or may not occur in the future or may occur on longer or shorter timelines or to a greater or lesser degree than anticipated. In addition, even if future events, developments and circumstances are consistent with the forward-looking statements contained in this report, they may not be predictive of results or developments in future periods. Although we believe that we have a reasonable basis for each forward-looking statement contained in this report, such information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate, may differ

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Item 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS As of As of September 30, December 31, (in thousands, except shares and per share data) 2024 2023 (Unaudited) Assets Current assets Cash and cash equivalents $ 1,329 $ 2,087 Restricted cash 1,592 1,958 Prepaid expenses and other current assets 977 836 Total current assets 3,898 4,881 Due from affiliates 1,227 702 Deferred offering costs 1,058 580 Property and equipment, net 399 250 Operating lease right-of-use asset, net 1,029 — Intangible assets, net 5,235 5,117 Other assets 45 255 Total assets $ 12,891 $ 11,785 Liabilities and stockholders'(deficit) equity Current liabilities Accounts payable $ 1,658 $ 686 Accrued expenses 4,522 4,300 Player liabilities 791 499 Due to affiliates 5,090 3,972 Short-term unsecured notes payable to stockholders 500 — Operating leases obligation, current 113 — Total current liabilities 12,674 9,457 Other liabilities 23 23 Operating lease obligation, noncurrent 973 — Total liabilities 13,670 9,480 Stockholders' (deficit) equity Preferred stock, $ 0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023 — — Common stock, $ 0.001 par value; 60,000,000 shares authorized; 7,015,017 shares and 6,967,278 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 7 7 Additional paid-in capital 22,805 22,052 Accumulated deficit ( 25,074 ) ( 21,220 ) Accumulated other comprehensive income 1,483 1,466 Total stockholders' (deficit) equity ( 779 ) 2,305 Total liabilities and stockholders' (deficit) equity $ 12,891 $ 11,785 See accompanying notes to the condensed consolidated financial statements (unaudited). 1 HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF O

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