Galaxy Gaming, Inc. (GLXZ) financial statements (2022 and earlier)

Company profile

Business Address 6480 CAMERON STREET
LAS VEGAS, NV 89118
State of Incorp.
Fiscal Year End December 31
SIC 79 - Amusement And Recreation Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,0597,4025,7806,0815,9932,6699,641
Cash and cash equivalents16,0597,4025,7806,0815,9932,6699,641
Receivables5,9146,3096,0174,7893,7232,5341,286
Inventory, net of allowances, customer advances and progress billings770748699709669761725
Inventory770748699709669761725
Prepaid expense1,1266326568931,167  
Other current assets221492515011  
Other undisclosed current assets     705875
Total current assets:23,89015,23913,17712,62111,5636,66912,528
Noncurrent Assets
Operating lease, right-of-use asset1,1681,2261,2601,3111,3681,483169
Property, plant and equipment99117115125117116122
Intangible assets, net (including goodwill)14,76815,27215,92516,57917,17817,7017,765
Goodwill1,0911,0911,0911,0911,0911,0911,091
Intangible assets, net (excluding goodwill)13,67714,18114,83415,48816,08716,6106,674
Deferred income tax assets     8921,026
Other noncurrent assets16723025726111727 
Other undisclosed noncurrent assets361301274217232259308
Total noncurrent assets:16,56317,14617,83118,49419,01220,4789,389
TOTAL ASSETS:40,45332,38531,00831,11530,57527,14721,917
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,0402,9072,1162,6141,7542,9431,611
Accounts payable3744063784524682,0991,199
Accrued liabilities2,6662,5011,7382,1621,286844411
Deferred revenue38447510629587371
Debt1,1002,6082,7611,9132,2222,5302,565
Other undisclosed current liabilities223223218214195197151
Total current liabilities:4,4015,7825,1704,8474,2016,2584,698
Noncurrent Liabilities
Long-term debt and lease obligation53,16348,68349,11850,56150,90747,25746,396
Long-term debt, excluding current maturities52,14447,60748,00749,39749,69145,99146,378
Operating lease, liability1,0191,0761,1111,1641,2161,26618
Liabilities, other than long-term debt175151151167264119174
Deferred income tax liabilities175151151151198  
Derivative instruments and hedges, liabilities   1666119174
Total noncurrent liabilities:53,33848,83449,26950,72851,17047,37646,570
Total liabilities:57,73954,61554,43955,57555,37253,63451,268
Stockholders' equity
Stockholders' equity attributable to parent(17,286)(22,231)(23,431)(24,460)(24,797)(26,487)(29,351)
Common stock24222222222218
Additional paid in capital16,38111,99111,58311,12610,79910,3446,167
Accumulated other comprehensive income (loss)(147)(102)(20)(42)38(19) 
Accumulated deficit(33,543)(34,142)(35,016)(35,566)(35,655)(36,834)(35,536)
Total stockholders' equity:(17,286)(22,231)(23,431)(24,460)(24,797)(26,487)(29,351)
TOTAL LIABILITIES AND EQUITY:40,45332,38531,00831,11530,57527,14721,917

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues5,6705,2824,7494,2833,2741,798664
Cost of revenue(184)(545)(528)(266)(268)(264)(265)
Gross profit:5,4864,7374,2214,0173,0071,534399
Operating expenses(3,638)(3,550)(3,316)(3,612)(2,508)(2,433)(2,951)
Operating income (loss):1,8481,186905405498(898)(2,552)
Nonoperating income (expense)(1,208)(333)(308)(335)567(265)(317)
Interest and debt expense(1,055)(129)(140)(181)(176)(162)(177)
Income (loss) from continuing operations before equity method investments, income taxes:(415)724457(111)889(1,326)(3,046)
Other undisclosed income from continuing operations before income taxes1,055129140181176162177
Income (loss) from continuing operations before income taxes:640853598701,065(1,164)(2,869)
Income tax expense (benefit)(42)21(47)19113(134)662
Net income (loss) available to common stockholders, diluted:598874550891,179(1,297)(2,207)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):598874550891,179(1,297)(2,207)
Other comprehensive loss     (19) 
Comprehensive income (loss):598874550891,179(1,317)(2,207)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(45)(82)21(79)38  
Comprehensive income (loss), net of tax, attributable to parent:553793572101,216(1,317)(2,207)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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