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High Roller Technologies, Inc.(ROLR) - 2024 Q3 - Quarterly Report
2024-12-04 21:35
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) | --- | --- | -- ...
High Roller Technologies Announces Financial Results for the Three Months Ended September 30, 2024
GlobeNewswire News Room· 2024-12-04 14:15
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].
High Roller Technologies Inc. Plans to File its Third Quarter Form 10-Q Within 45-Days of the Effective Date of its IPO Registration Statement, as Permitted by Exchange Act Rules
GlobeNewswire News Room· 2024-11-14 21:03
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].
High Roller Technologies Awarded Best Player Retention 2024 at SiGMA Europe B2C Awards
GlobeNewswire News Room· 2024-11-13 17:00
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 ...