Galaxy Gaming Inc (GLXZ) Earnings Report, Financial Results, Financial analysis

Galaxy Gaming Inc reported break-even for the first quarter of 2023 compare to earnings per share of $0.00 recorded in the same quarter a year ago an improvement compare to $0.00 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ 0	$ 7 Mill
Unch.	$+2M +25.41 %

Galaxy Gaming Inc 's Revenue rose by 25.41 % in first quarter of 2023 (Mar 31 2023) year on year, to $7 million and advanced by 24.95 % sequentially.

Galaxy Gaming Inc is Expected to report next financial results on August 11, 2023.

More on GLXZ's Income Statement

GLXZ's NET INCOME

Galaxy Gaming Inc 's net income of $0.111 million in the first quarter of 2023 increased from net loss of $-0.014 million I. Quarter a year ago.

Sequentially net earnings grew by 100.88 % from net income of $0.055 million realized in previous quarter.

More on GLXZ's Growth

Galaxy Gaming Inc Inventories
In Mar 31 2023 company's net cash and cash equivalents decreased by $-2 million, capital expenditures fell by 341.02%, to $0 millions compare to same quarter a year ago and rose by -87.75% from IV. Quarter (Dec 31 2022).

More on GLXZ's Cash flow Statement

Earnings quality

Galaxy Gaming Inc does not pay out common stock dividend.

In trailing twelve-month period Galaxy Gaming Inc earned $ 0.17 cash per share, on a free-cash flow basis .

Tangible Book value grew to $ -1.27 per share from $ -1.30.

Company issued 0.11 million shares or 0.42 % in Mar 31 2023.
Interest Coverage Ratio was 0.84. Debt Coverage Ratio was 0.12.

• More on GLXZ's Dividends

Market Capitalization (Millions)	61
Shares Outstanding (Millions)	25
Total Debt (Millions $)	53
Revenue (TTM) (Millions $)	25
Net Income (TTM) (Millions $)	-2
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

Galaxy Gaming Inc does not pay out common stock dividend.

In trailing twelve-month period Galaxy Gaming Inc had $ 0.17 cash flow per share, on a free-cash flow basis .

Tangible Book value grew to $ -1.27 per share from $ -1.30.

Company issued 0.11 million shares or 0.42 % in Mar 31 2023.
Interest Coverage Ratio was 0.84. Debt Coverage Ratio was 0.12.

• More on GLXZ's Balance Sheets

Market Capitalization (Millions)	61
Shares Outstanding (Millions)	25
Total Debt (Millions $)	53
Revenue (TTM) (Millions $)	25
Net Income (TTM) (Millions $)	-2
Cash Flow (TTM) (Millions $)	-1
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Galaxy Gaming Inc

GLXZ's Financial Statements and Analysis