Company Announcement - High Roller Technologies appoints Kristofer Muscat as the new Chief Operating Officer, effective January 5th, 2025 [3] - Kristofer Muscat will oversee operational strategy, drive growth initiatives, and enhance the company's commitment to delivering premium experiences in the online gambling and iCasino gaming industry [3] New COO Background - Kristofer Muscat brings extensive industry experience, having previously served as COO of Eastrock Group, where he streamlined operations across offices in Sweden, Malta, and Hong Kong [5] - He successfully enhanced efficiency, built customer-centric cultures, and supported Eastrock's expansion in the competitive iGaming sector [5] - Prior to Eastrock, Mr Muscat held a management position at Bally's [5] Company Overview - High Roller Technologies is a leading global online gaming operator, known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE American [4] - The company offers a cutting-edge real-money online casino platform with over 4,000 premium games from more than 50 leading game providers [4] - High Roller Technologies serves a global customer base in the rapidly expanding multi-billion iGaming industry [4] Strategic Focus - The company is focused on leveraging machine learning to automate key functionality, enhance the player experience, and reduce operational overhead [5] - High Roller Technologies aims to provide engaging, seamless, and world-class experiences for its users [5] - The company continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence [4]

Core Insights - High Roller Technologies, Inc. has been awarded Casino Operator of the Year and its CMO, Sven Kaltenegger, has been named iGaming Leader of the Year at the 2024 WN iGaming Summit [2][2][2] - The awards highlight the company's commitment to player satisfaction and innovative engagement strategies [2][2] - High Roller Technologies offers over 4,000 games from more than 50 providers, aiming to deliver a superior online casino experience [2][2] Company Overview - High Roller Technologies operates as a global online gaming operator with a focus on real money online casino platforms [2] - The company emphasizes enhanced search engine optimization, direct API integrations, faster load times, and better scalability [2] - High Roller Technologies has established a global customer base, indicating its reach and market presence [2]

Revenue Performance - Company reported total revenue of $7.5 million for Q3 2024, a 30% increase quarter-over-quarter from $5.8 million in Q2 2024[3][4] - Revenue from operations slightly decreased by less than 1% year-over-year to $7.5 million in Q3 2024 from $7.6 million in Q3 2023[5] - Revenues for the three months ended September 30, 2024, were $7,516 thousand, slightly down from $7,569 thousand in the same period in 2023[22] Net Loss and Earnings - Net loss per share was ($0.07) in Q3 2024, compared to ($0.03) in Q3 2023[3][8] - GAAP net loss was $(0.5 million) in Q3 2024, compared to $(0.2 million) in Q3 2023 and $(1.5 million) in Q2 2024[7] - Net loss for the three months ended September 30, 2024, was $501 thousand, compared to a net loss of $208 thousand in the same period in 2023[22] Adjusted EBITDA - Adjusted EBITDA improved to $40 thousand in Q3 2024 from a deficit of ($1.0 million) in Q2 2024[3][7] - The Company achieved positive Adjusted EBITDA for the first time in Q3 2024, marking a significant turnaround from previous quarters[3][7] - Adjusted EBITDA for the three months ended September 30, 2024, was $40 thousand, down from $234 thousand in the same period in 2023[22] - Adjusted EBITDA margin for the three months ended September 30, 2024, was 1%, compared to 3% in the same period in 2023[22] Cash and Liquidity - Cash and cash equivalents totaled $2.9 million at the end of Q3 2024, excluding $10 million raised from the October 2024 IPO[8] - High Roller Technologies raised $10 million in gross proceeds from its IPO on NYSE in October 2024 to support strategic growth initiatives[2][8] - Cash and cash equivalents decreased to $1,329 thousand as of September 30, 2024, from $2,087 thousand as of December 31, 2023[20] Operating Expenses - Operating expenses increased to $8.0 million in Q3 2024 from $7.3 million in Q2 2024, driven by higher advertising and promotional costs[6] - Stock-based compensation expense increased to $80 thousand for the three months ended September 30, 2024, from $60 thousand in the same period in 2023[22] - Depreciation and amortization expenses rose to $65 thousand for the three months ended September 30, 2024, from $2 thousand in the same period in 2023[22] - Foreign exchange transaction loss increased to $369 thousand for the three months ended September 30, 2024, from $327 thousand in the same period in 2023[22] Balance Sheet and Liabilities - Total assets increased to $12,891 thousand as of September 30, 2024, compared to $11,785 thousand as of December 31, 2023[20] - Total current liabilities increased to $12,674 thousand as of September 30, 2024, from $9,457 thousand as of December 31, 2023[20] Strategic Initiatives and Growth - The Company's focus on cost optimization and marketing efficiencies contributed to the 30% quarter-over-quarter revenue growth[3][9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ____________ TO ____________ Commission File Number: 001-42202 High Roller Technologies, Inc. (Exact name of registrant as specified in its charter) | --- | --- | -- ...

Core Viewpoint - High Roller Technologies, Inc. reported a significant quarter-over-quarter revenue growth of 30% for Q3 2024, driven by marketing efficiencies and cost optimization efforts, despite a slight year-over-year revenue decline [2][3][4]. Financial Performance - The company achieved total revenue of $7.5 million for the three months ended September 30, 2024, compared to $5.8 million in the previous quarter [3][4]. - Year-over-year, revenue decreased slightly by less than 1% from $7.6 million in Q3 2023 [5]. - The net loss per share was ($0.07) for Q3 2024, compared to ($0.03) in Q3 2023 [8]. - The company reported a GAAP net loss of $(0.5 million) for Q3 2024, an increase from a net loss of $(0.2 million) in Q3 2023 [7][8]. Operational Highlights - Operating expenses increased to $8.0 million in Q3 2024 from $7.3 million in Q2 2024, driven by higher advertising and promotional costs [6]. - The company ended the quarter with cash and cash equivalents of $2.9 million, which includes restricted cash [8]. - High Roller achieved positive Adjusted EBITDA of $40 thousand for Q3 2024, a significant improvement from a negative EBITDA of $(1.0 million) in Q2 2024 [3][7]. Strategic Initiatives - The company completed its IPO on the NYSE in October 2024, raising gross proceeds of $10 million to support strategic growth initiatives [2][8]. - The CEO emphasized the focus on optimizing costs and enhancing marketing efforts to grow the user base, indicating a commitment to executing the growth strategy [9].

Core Viewpoint - High Roller Technologies, Inc. reported a significant quarter-over-quarter revenue growth of 30% for Q3 2024, indicating strong performance in the online gaming sector [1][2]. Financial Performance - The company achieved unaudited top-line revenue of $7.52 million for Q3 2024, up from $5.80 million in Q2 2024, reflecting a 30% increase [1]. - The upcoming quarterly report on Form 10-Q will provide further details on unaudited interim revenue and expenses, allowing investors to assess the company's performance [2]. Regulatory Compliance - High Roller Technologies plans to file its first interim financial results on Form 10-Q by December 6, 2024, following its initial public offering [3]. Company Overview - High Roller Technologies operates as a global online gaming operator, offering a real money online casino platform with features such as enhanced search engine optimization and faster load times [4].

Las Vegas, Nevada, Nov. 13, 2024 (GLOBE NEWSWIRE) -- High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of www.HighRoller.com and www.Fruta.com, each a premium brand in online gaming and a destination for high rollers, is proud to announce that it is the recipient of the Best Player Retention 2024 at the SiGMA Europe B2C Awards, presented by VBET. The award, recognized as a hallmark of excellence in the gaming industry, celebrates High Roller's unwavering comm ...