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Sep 30, 2024

GAN Q3 2024 Earnings Report

GAN reported Q3 2024 financial results, showing profitability improvement driven by B2B revenues and continued cost rationalization.

Key Takeaways

GAN reported a 24% increase in revenue compared to the prior year, driven by a B2B revenue growth of more than 60%. Operating costs decreased by nearly 10%. The merger with SEGASAMMY is expected to close in early 2025.

Revenue grew by 24% compared to the prior year.

B2B revenue increased by more than 60%.

Operating costs decreased by nearly 10%.

The merger with SEGASAMMY is expected to close in early 2025.

Total Revenue
$37.1M
Previous year: $29.8M
+24.4%
EPS
$0.04
Previous year: -$0.18
-122.2%
Gross Profit
$27.2M
Previous year: $16.2M
+67.4%
Cash and Equivalents
$36.5M
Previous year: $39.2M
-7.0%
Free Cash Flow
-$917K
Previous year: -$2.68M
-65.8%
Total Assets
$82.6M
Previous year: $88.7M
-6.8%

GAN

GAN

Forward Guidance

The merger with SEGASAMMY is expected to close in early 2025.