GAN Q1 2022 Earnings Report
Key Takeaways
GAN Limited reported a strong start to 2022 with record revenue of $37.5 million, a 38% increase year-over-year. The company also improved its net loss to $4.5 million and achieved an adjusted EBITDA of $3 million, driven by organic growth and cost rationalization efforts. GAN reaffirms its full-year revenue expectation of $155 million to $165 million and Adjusted EBITDA expectation of $15 million to $20 million.
Delivered encouraging start to 2022 with organic revenue growth.
Demonstrated the value of integrated B2B and B2C portfolio.
Successfully launched in Ontario on April 4th to support online sports betting and iGaming.
Expect significant year-over-year revenue growth coupled with focus on profitability.
GAN
GAN
Forward Guidance
GAN affirms full year revenue expectation of $155 million to $165 million and Adjusted EBITDA expectation of $15 million to $20 million.