High Roller Technologies, Inc.(ROLR)
Search documents
High Roller Technologies, Inc.(ROLR) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:30
Financial Performance Overview - High Roller Technologies reported total revenue of $6.8 million for Q1 2025, reflecting a 4% increase compared to the same period last year, with a gross win margin of 4.8%, up by 4.3% year-over-year [4] - The net loss for the quarter was approximately $3.3 million, with a net loss ratio of $0.39, which is 50% greater than the previous corresponding period [4] - The operating loss increased compared to the previous corresponding period, primarily due to a marketing overspend of approximately $4.1 million, a 50% increase from the previous year [5] Business Lines and Market Data - The affiliate brand Casino Room contributed nearly $1.6 million in revenue during Q1 2025, maintaining an affiliate-only model in emerging and non-core markets [15] - The company added over 750 new games to its casino library, bringing the total to over 5,300 games from more than 90 providers [6] - High Roller added 30,000 new active depositing customers, representing a 34% increase from the previous corresponding period [7] Strategic Direction and Market Focus - The company is focusing on high-potential regulated markets, specifically targeting Finland, Ontario, and Alberta for future expansion [9][10] - High Roller has submitted its initial licensing application to Ontario, which is one of the largest regulated markets globally, with a total addressable market opportunity of nearly $2.5 billion annually [11] - Alberta has passed legislation to establish a framework for online gaming, which aligns with High Roller’s strategic focus on regulated markets [12] Management Commentary on Future Outlook - Management expressed optimism about the future, highlighting the strategic organizational and operational realignment plan aimed at focusing on high-potential markets [5][9] - The company expects cash flow and margins to increase in the second half of 2025 as it reallocates capital to growth market opportunities [6] - Management emphasized the importance of partnerships, particularly with Spike Up Media, to drive customer acquisition and enhance marketing effectiveness [19] Other Important Information - The company is undergoing a brand identity refresh in anticipation of its regulated market expansion [6] - A strategic advisory board has been established to assist with the transition and optimization of operations [5] Q&A Session Summary Question: Future market expansion beyond mentioned markets - Management indicated excitement about future market expansion, leveraging industry connections and data insights to make strategic decisions [26][27] Question: Plans to add sports betting - Management confirmed that while the primary focus is on casino operations, they plan to add sports betting as a secondary revenue stream when it becomes relevant [28][29] Question: Impact of organizational operation agreement plan - Management noted positive outcomes from the strategic initiatives, with expectations for growth in regulated markets like Ontario and Finland [30][31] Question: Concerns about capital and potential capital raise - Management reassured that current capital is expected to sustain operations through the year without the need for an additional capital raise [38]
High Roller Reports Q1 2025 Results
Globenewswire· 2025-05-15 20:10
Core Viewpoint - High Roller Technologies reported a 4% year-over-year revenue increase in Q1 2025, while also acknowledging a widened operating loss as part of a strategic shift towards high-potential regulated markets [5][6][12]. Financial Performance - Q1 2025 revenue reached $6,770,886, up from $6,507,000 in Q1 2024, marking a 4% increase [5][14]. - The net loss for Q1 2025 was $3,276,000, compared to a net loss of $1,849,000 in Q1 2024, resulting in a net loss per share of $(0.39) versus $(0.26) [6][12][14]. - Active users increased by 34% year-over-year, reaching nearly 30,000 [6]. Strategic Initiatives - The company is executing a strategic plan focused on regulated markets, which includes winding down operations in non-growth markets [2][5]. - High Roller has submitted its initial licensing application to enter Ontario's regulated online gambling market, with plans to launch in H2 2025 [2][5][6]. - A brand refresh and marketing spend reallocation are underway in anticipation of market expansion [6]. Operational Highlights - The company added 761 new games, bringing its total portfolio to over 5,300 games from more than 90 providers [6]. - Leadership was strengthened with the hiring of industry veterans, including Emily Micallef and Seth Young [6]. Market Position - High Roller Technologies operates in the rapidly expanding multi-billion dollar iGaming industry, offering a diverse portfolio of online casino games [8]. - The company aims to capitalize on the momentum in regulated markets, particularly in Canada and Finland [2][3].
High Roller Technologies, Inc.(ROLR) - 2025 Q1 - Quarterly Results
2025-05-15 20:05
Exhibit 99.1 High Roller Reports Q1 2025 Results Las Vegas, Nevada, May 15, 2025 – High Roller Technologies ("High Roller" and the "Company") (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its financial results for the first quarter ended March 31, 2025. High Roller currently offers more than 5,300 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, cr ...
High Roller Technologies, Inc.(ROLR) - 2025 Q1 - Quarterly Report
2025-05-15 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Exact name of registrant as specified in its charter) Delaware 87-4159815 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 400 South 4th Street, Suite 500-#390, Las Vegas, NV 89101 (Address of principal executive office) (Zip Code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANS ...
High Roller Schedules Conference Call to Discuss First Quarter 2025 Financial Results and Business Update
GlobeNewswire News Room· 2025-05-07 12:30
Core Viewpoint - High Roller Technologies will host a conference call on May 15, 2025, to discuss its first quarter 2025 financial results and business updates [1][3]. Company Overview - High Roller Technologies, Inc. is a leading global online gaming operator, known for its casino brands High Roller and Fruta, listed under the ticker ROLR on the NYSE [4]. - The company offers a real-money online casino platform with over 5,000 premium games from more than 90 game providers, catering to a global customer base [4]. - High Roller Technologies emphasizes innovation, performance, and excellence in the rapidly expanding multi-billion iGaming industry [5]. Conference Call Details - The conference call will feature CEO Ben Clemes and SVP Seth Young, who will discuss strategic initiatives and financial highlights for the quarter ended March 31, 2025 [3]. - Participants can join the call by dialing specific numbers for U.S., Canadian, and international callers, with a conference ID provided [2].
High Roller to Attend NEXT Summit: Valletta 2025
Globenewswire· 2025-05-01 12:30
Group 1 - High Roller Technologies will participate in the NEXT Summit: Valletta 2025, a major event in the iGaming industry, taking place on May 7-8 in Valletta, Malta [1][5] - The summit is expected to attract over 6,000 delegates and focuses on innovation, growth, and collaboration within the online gaming ecosystem [2][5] - CEO Ben Clemes and SVP Seth Young will engage with industry leaders and explore new collaboration opportunities during the summit [3][4] Group 2 - High Roller Technologies is recognized as a leading global online gaming operator, offering over 4,400 premium games and innovative casino brands, including High Roller and Fruta [6][7] - The company emphasizes a player-first approach and a commitment to excellence, positioning itself as a key player in the rapidly expanding multi-billion iGaming industry [3][6] - High Roller Technologies utilizes advanced technology features such as enhanced SEO, machine learning, and superior scalability to improve user experience [6]
High Roller Announces Hiring of Seth Young as Senior Vice President Corporate Strategy and Investor Relations
Globenewswire· 2025-04-08 13:00
Core Viewpoint - High Roller Technologies has appointed Seth Young as Senior Vice President of Corporate Strategy & Investor Relations, aiming to enhance the company's long-term business strategy and growth in the online gaming industry [1][2]. Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE American under the ticker ROLR [6]. - The company offers a real-money online casino platform featuring over 4,400 premium games from more than 80 leading game providers, catering to a global customer base [6]. Leadership Appointment - Seth Young brings over 20 years of industry experience and expertise in gaming technologies, strategic planning, and business development to his new role [2]. - Prior to joining High Roller, Young held significant positions at PointsBet, FSG Digital, Foxwoods Resort Casino, Flower City Gaming, and TexasHoldem.com, showcasing a strong background in corporate development and innovation [3][4]. Industry Recognition - Young has received accolades such as the Innovation Group's 2018 Emerging Leaders of Gaming Award and was named to Global Gaming Business Magazine's 40 Under 40 list in the same year, highlighting his contributions to the gaming industry [5]. Strategic Vision - Young expressed enthusiasm about joining High Roller, emphasizing the company's potential for continued growth and success in providing a world-class consumer entertainment experience [6].
High Roller Announces Hiring of Seth Young as Senior Vice President Corporate Strategy and Investor Relations
Newsfilter· 2025-04-08 13:00
Core Insights - High Roller Technologies has appointed Seth Young as Senior Vice President of Corporate Strategy & Investor Relations, aiming to enhance the company's long-term business strategy [1][2] - Seth Young brings over 20 years of industry experience and a strong background in gaming technologies and strategic planning, which will be crucial for High Roller's growth [2][3] - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is recognized for its innovative approach in the rapidly expanding iGaming industry [6][7] Company Overview - High Roller Technologies is a leading global online gaming operator, listed on NYSE under the ticker ROLR, offering a user-friendly real-money online casino platform [6] - The company features a diverse portfolio of over 4,400 premium games from more than 80 leading game providers, catering to a global customer base [6] - High Roller Technologies emphasizes innovation, performance, and excellence in redefining the future of online gaming [7] Leadership Background - Prior to joining High Roller, Seth Young held significant roles including Chief Innovation Officer at PointsBet and Chief Operating Officer at FSG Digital, showcasing a strong track record in corporate development and strategic initiatives [3][4] - Young is also a founding partner of GMA Consulting and serves on the boards of several organizations, indicating his extensive network and influence in the gaming industry [4] Industry Recognition - Seth Young has received notable accolades, including the Innovation Group's 2018 Emerging Leaders of Gaming Award and a spot on Global Gaming Business Magazine's 40 Under 40 list [5]
High Roller Technologies, Inc.(ROLR) - 2024 Q4 - Annual Results
2025-03-21 20:37
Financial Performance - Q4 2024 revenue increased by 12% year-over-year to $8.1 million, compared to $7.2 million in Q4 2023[7] - Full year 2024 revenue totaled $27.9 million, a decrease from $29.7 million in 2023[7] - The company reported a net loss per share of $(0.30) for Q4 2024 and $(0.82) for the full year 2024[8] - Cash and cash equivalents increased to $6.9 million in FY 2024, up from $2.1 million in FY 2023[8] - Total assets rose to $16.6 million in 2024, compared to $11.8 million in 2023[8] User Growth - Active users grew by 40% to 72,000 at the end of 2024[2] Market Expansion - High Roller plans to enter the Ontario market with a projected addressable market increase of approximately $2 billion, targeting a launch in H2 2025[4] - The company executed a strategic realignment plan post-IPO, focusing on market expansion and operational excellence[3] Product Launch and Recognition - The company successfully launched Fruta.com in June 2024 as part of its multi-brand strategy[7] - High Roller received the Best Player Retention 2024 Award and was named Casino Operator of the Year at the 2024 WN iGaming Summit[7]
High Roller Reports Q4 and Full Year 2024 Results
Newsfilter· 2025-03-21 11:30
Core Insights - High Roller Technologies reported a 12% year-over-year increase in Q4 2024 revenue, reaching $8.1 million, with a total annual revenue of $27.9 million, down from $29.7 million in 2023 [1][7][8] - The company experienced a 40% increase in active users, totaling 72,000 by the end of 2024 [1] - High Roller is preparing to enter the Ontario market with the launch of its online casino brand planned for the second half of 2025, potentially expanding its total addressable market by approximately $2 billion [3][4] Financial Performance - Q4 2024 revenue was $8.1 million, up from $7.2 million in Q4 2023, while the full year revenue decreased to $27.9 million from $29.7 million [7][8] - The company reported a net loss per share of $(0.30) for Q4 2024 and $(0.82) for the full year [7][8] - Cash and cash equivalents increased to $6.9 million in FY 2024 from $2.1 million in FY 2023, with total assets rising to $16.6 million from $11.8 million [5][15] Strategic Developments - Following a successful IPO in October 2024, the company is implementing a strategic realignment plan to support long-term growth [2][4] - High Roller successfully launched Fruta.com in June 2024 as part of its multi-brand strategy and exited non-growth markets to focus on higher growth opportunities [7][8] - The company received accolades including the Best Player Retention 2024 Award and Casino Operator of the Year at industry events, highlighting its operational excellence [7][8]