Filing Flows › Galaxy Gaming (GLXZ) › Q4 2024
Galaxy Gaming (GLXZ) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 24, 2025
Galaxy Gaming (GLXZ) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and -1% from the quarter before. Operating margin was 15.5%, net loss $881K (11.6% of revenue).
Galaxy Gaming, Q4 2024: revenue $7.6M (+12% year over year), operating margin 15.5%, net loss $881K, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | -1% | +12% |
| Operating profit | $1.2M | — | — |
| Net earnings | −$881K | — | — |
| Operating cash flow | $1.1M | — | -54% |
What changed
Revenue was $7.6M in Q4 2024, up 12% year over year and down 1% from the previous quarter.
Operating profit was $1.2M, a 15.5% margin (down 4.0 points year over year). Operating profit fell $139K even though revenue rose $830K versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 12%. The fastest-growing cost line was Research & development (+44%). The quarter ended with a net loss of $881K, narrower than the previous quarter's $2.2M loss. Net interest and other expense of $2.1M was the main reason.
Operating cash flow was $1.1M (down 54% year over year). Non-cash charges added back $774K of depreciation and amortization and $379K of share-based compensation. Working capital and other items added $798K.
Questions
What was Galaxy Gaming's revenue in the fourth quarter 2024?
Galaxy Gaming (GLXZ) reported revenue of $7.6M for the fourth quarter 2024 (Q4 2024), +12% from a year earlier and -1% from the quarter before.
Was Galaxy Gaming profitable in the fourth quarter 2024?
Operating profit was $1.2M (15.5% of revenue) and net loss $881K.
Source: Galaxy Gaming 10-K on SEC EDGAR.