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]
High Roller Reports Q4 and Full Year 2024 Results