High Roller Technologies, Inc. ( ($ROLR) ) has released its Q3 earnings. Here is a breakdown of the information High Roller Technologies, Inc. presented to its investors.
High Roller Technologies, Inc. is a global operator in the online gaming sector, known for its premium casino platforms accessible via www.HighRoller.com and www.Fruta.com.
In their recent financial report for the third quarter ending September 30, 2024, High Roller Technologies revealed significant growth and strategic achievements following its IPO on the NYSE. The company raised $10 million in gross proceeds from the public offering, marking a new chapter in its growth trajectory.
The company reported a 30% increase in quarter-over-quarter revenue, amounting to $7.5 million, driven by improved marketing efficiencies and cost optimization strategies. Despite a net loss per share of $0.07, which widened from the previous year’s $0.03 loss, the company achieved a positive Adjusted EBITDA of $40,000, showcasing a substantial turnaround from the prior quarter’s $1.0 million deficit. Operating expenses increased due to heightened advertising and promotional investments, but the focus on core gaming markets helped offset the impact of exiting certain jurisdictions.
Looking forward, High Roller Technologies is poised to leverage its recent capital influx from the IPO to drive further growth and innovation within the online gaming market. The management remains committed to executing strategic initiatives aimed at enhancing shareholder value and expanding its user base globally.
