Gambling.com (US:GAMB)2023-03-22 16:00Revenue Growth - Fourth quarter revenue increased by 107% year-over-year to $21.3 million, while full year revenue rose by 81% to $76.5 million[1][3][4] - North American revenue surged by 364% to $10.0 million, driven by strong performance in newly launched markets[5][9] - The company reported a 54% year-over-year revenue growth in the U.K. and Ireland, reaching $8.1 million in the fourth quarter[5] Adjusted EBITDA - Adjusted EBITDA for the fourth quarter reached $6.9 million, a 202% increase compared to the same period last year, with a full year Adjusted EBITDA of $24.1 million, up 31%[3][4] - Adjusted EBITDA for the three months ended December 31, 2022, was $6,855,000, representing a 202% increase compared to $2,272,000 in the same period of 2021[27] - Adjusted EBITDA Margin for the same period was 32%, up from 22% in the previous year[28] Customer Growth - The number of new depositing customers grew by nearly 200% year-over-year to 82,000 in the fourth quarter[4] Free Cash Flow - Free Cash Flow for the fourth quarter was $364,000, compared to a loss of $1.8 million in the same quarter last year, with full year Free Cash Flow at $9.5 million[3][4] - Free Cash Flow for the three months ended December 31, 2022, was $364,000, a significant decrease from $(1,811,000) in the same period of 2021[36] Financial Performance - Operating profit for the three months ended December 31, 2022, was $(305) million, a significant decline of 149% from $623 million in the same period of 2021[16] - Net income attributable to shareholders for the year ended December 31, 2022, was $2,390 million, down 81% from $12,453 million in 2021[21] - The company reported a net loss of $(4,409) million for the three months ended December 31, 2022, compared to a net income of $867 million in the same period of 2021[21] - Total comprehensive income attributable to shareholders for the year ended December 31, 2022, was $(2,403) million, a decline of 131% from $7,641 million in 2021[21] Assets and Liabilities - Total assets increased to $138,875 million as of December 31, 2022, compared to $91,025 million as of December 31, 2021[18] - Cash and cash equivalents decreased to $29,664 million at the end of 2022 from $51,047 million at the end of 2021[20] - The company incurred finance expenses of $4,434 million for the three months ended December 31, 2022, an increase of 870% from $457 million in the same period of 2021[16] Future Guidance and Investments - The company initiated 2023 guidance for revenue between $93 million and $97 million, and Adjusted EBITDA between $32 million and $36 million[2][9] - The company plans to invest in the development of Casinos.com and service media partners throughout 2023[10] - The acquisition of the ultra-premium domain name Casinos.com is expected to enhance the company's market position[9] Shareholder Information - The weighted-average number of ordinary shares increased by 8% to 36,467,603 for the three months ended December 31, 2022, compared to 33,806,422 in the same period of 2021[21] - Adjusted net income per share attributable to shareholders, basic, was $0.02 for the three months ended December 31, 2022, a decrease of 33% from $0.03 in the same period of 2021[32]