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Dec 31, 2020
GAN Q4 2020 Earnings Report
GAN reported Q4 2020 financial results, highlighting multiple new client launches and product portfolio expansion.
Key Takeaways
GAN reported its Q4 and full-year 2020 financial results, noting a strong start to 2021 and providing a 2021 revenue outlook of $100 - $105 million. The company saw revenue increase and is integrating Coolbet's B2B sportsbook engine.
Expanded top-line and doubled new client launches.
Signed numerous new customers expected to support stable and growing recurring revenue.
Rounded out product portfolio through new content partnerships and the acquisition of Coolbet.
First quarter of 2021 started strong with multiple client launches in Michigan.
GAN
GAN
Forward Guidance
The Company expects full year 2021 revenue to be between $100 million and $105 million, and the first quarter 2021 revenue to be between $24 million and $25 million.
Positive Outlook
- Strong growth in 2021 is expected.
- Top-line performance is expected to almost treble.
- Strong organic growth and Coolbet’s contribution is expected.
- Expect to drive operating leverage that will yield stronger profitability results year-over-year.
- Continue to onboard new customers as well as deepen relationship with existing customers.