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Jun 30, 2022
GAN Q2 2022 Earnings Report
Reported financial results for the second quarter of 2022, focusing on cost savings and long-term profitability.
Key Takeaways
GAN Limited reported its Q2 2022 financial results, highlighting progress toward the launch of GAMESTACK 2.0 and GAN Sports in U.S. markets. The company is focused on cost-saving initiatives and revised its full-year revenue expectation to $142.5 million to $152.5 million and Adjusted EBITDA expectations to $10 to $15 million.
Made strong progress toward the launch of GAMESTACK 2.0 and GAN Sports in U.S. markets.
Cost saving initiatives and other productivity measures are working and will enhance long-term profitability profile.
Licensed in 16 U.S. states, Canada, and has begun the initial stages of entering the Mexican market.
Expects a robust launch schedule for GAN Sports throughout the U.S. in 2023.
GAN
GAN
Forward Guidance
GAN revised its full year revenue expectation to $142.5 million to $152.5 million and Adjusted EBITDA expectations to $10 to $15 million.
Challenges Ahead
- A difficult foreign exchange environment and European headwinds will temporarily impact results in the second half of the year.