Galaxy Gaming, Inc. (GLXZ) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,23816,0595,993  3,486
Cash and cash equivalents18,23816,0595,993  3,486
Restricted cash and investments      95
Receivables3,9655,9143,7233,3602,8502,302
Inventory, net of allowances, customer advances and progress billings  770669666532524
Inventory  770669666532524
Prepaid expense1,4031,1261,167   
Other current assets 5892211   
Other undisclosed current assets    10,4486,825363
Total current assets:24,19423,89011,56314,47410,2076,770
Noncurrent Assets
Operating lease, right-of-use asset1,0031,1681,36838
Property, plant and equipment14399117145200264
Intangible assets, net (including goodwill)14,99714,76817,1788,5229,98111,453
Goodwill1,0911,0911,0911,0911,0911,091
Intangible assets, net (excluding goodwill)13,90613,67716,0877,4318,89010,362
Regulated entity, other noncurrent assets     95 
Other noncurrent assets273167117  23
Deferred tax assets, net334231
Other undisclosed noncurrent assets1,400361232805377374
Total noncurrent assets:17,81616,56319,0129,50910,98712,344
TOTAL ASSETS:42,01140,45330,57523,98321,19419,114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8273,0401,7542,2172,0602,443
Taxes payable   82520
Accounts payable1,1303744687666821,035
Accrued liabilities3,6982,6661,2861,4511,296888
Deferred revenue1738291,294
Debt9401,1002,2221,6541,4711,196
Deferred rent credit     14
Deferred revenue and credits1,107
Contract with customer, liability1,438
Other liabilities     7123
Other undisclosed current liabilities248223195   
Total current liabilities:6,0324,4014,2015,1654,9914,869
Noncurrent Liabilities
Long-term debt and lease obligation52,96153,16350,90746,3108,6507,435
Long-term debt, excluding current maturities52,96152,14449,69146,2918,6507,420
Capital lease obligations 14
Liabilities, other than long-term debt9031752641409659
Deferred revenue and credits14
Deferred income tax liabilities72175198 
Liability for uncertainty in income taxes      44
Operating lease, liability8301,0191,21619
Derivative instruments and hedges, liabilities   6614096 
Other undisclosed noncurrent liabilities      1,289
Total noncurrent liabilities:53,86353,33851,17046,4508,7468,782
Total liabilities:59,89657,73955,37251,61613,73713,651
Equity
Equity, attributable to parent(17,885)(17,286)(24,797)(27,633)7,4575,463
Common stock242422184040
Additional paid in capital17,57516,38110,7995,7964,7343,958
Accumulated other comprehensive income (loss)(169)(147)38   
Retained earnings (accumulated deficit)(35,317)(33,543)(35,655)(33,446)2,6831,466
Total equity:(17,885)(17,286)(24,797)(27,633)7,4575,463
TOTAL LIABILITIES AND EQUITY:42,01140,45330,57523,98321,19419,114

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues23,44219,98410,23021,30118,56114,856
Revenue, net14,856
Cost of revenue(1,557)(1,277)(897)(1,215)(2,759)(1,302)
Cost of goods and services sold(199)(81)(73)(230)(143)(226)
Gross profit:21,88518,7079,33320,08615,80213,554
Operating expenses(15,813)(14,362)(11,588)(16,013)(11,830)(11,050)
Operating income (loss):6,0724,345(2,255)4,0733,9722,504
Nonoperating expense(7,636)(2,185)(560)(1,119)(2,557)(1,950)
Interest and debt expense(7,411)(1,505)(683)(1,190)(1,349)(1,697)
Income (loss) from continuing operations before equity method investments, income taxes:(8,976)655(3,498)1,76365(1,144)
Other undisclosed income from continuing operations before income taxes7,4111,5056831,1901,3491,697
Income (loss) from continuing operations before income taxes:(1,564)2,160(2,815)2,9531,415553
Income tax expense (benefit)(209)(49)606(10)(197)(565)
Income (loss) from continuing operations:(1,773)2,112(2,209)2,9431,218(11)
Income (loss) before gain (loss) on sale of properties:2,112(2,209)2,9431,218(11)
Net income (loss):(1,773)2,112(2,209)2,9431,218(11)
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:(1,773)2,112(2,209)2,9431,218(11)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,773)2,112(2,209)2,9431,218(11)
Comprehensive income (loss):(1,773)2,112(2,209)2,9431,218(11)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(21)(185)38   
Comprehensive income (loss), net of tax, attributable to parent:(1,795)1,927(2,171)2,9431,218(11)

Statements Sources

The financial statements are based on the Company's filings with 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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