Financial Overview - High Roller Technologies reported total revenue of $6,800,000 for the quarter, reflecting a 4% increase compared to the same period last year [4] - The gross win margin improved to 4.8%, up by 4.3% from the previous corresponding period [4] - The net loss for the quarter was approximately $3,300,000, with a net loss ratio of $0.39, which is 50% greater than the previous corresponding period [4] - Corporate cash stood at $4,500,000, with an additional $1,000,000 in restricted cash [4] Business Line Performance - The affiliate brand Casino Room generated nearly $1,600,000 in revenue during Q1, maintaining an affiliate-only model in emerging and non-core markets [16] Market Focus and Strategic Direction - The company is focusing on high-potential regulated markets, specifically Ontario, Alberta, and Finland, to drive long-term shareholder value and sustainable revenue growth [10][14] - 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][12] - Alberta is also moving towards a regulated market, with recent legislative changes that align with Ontario's framework [13] - Finland currently comprises 60% of the company's net gaming revenue and is transitioning from a monopoly to a competitive regulated market [14] Management Commentary on Future Outlook - Management expressed optimism about future growth prospects, particularly with the ongoing strategic organizational and operational realignment plan [5][34] - The company anticipates increased cash flow and margin in the second half of 2025 as it reallocates capital to growth market opportunities [6] - The management team highlighted the importance of partnerships, particularly with SpikeUp Media, to enhance customer acquisition and marketing efficiency [20] Other Important Information - 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][7] - A brand identity refresh is underway for both High Roller and its subsidiary Fuka in anticipation of market expansion [8] Q&A Session Summary Question: Future expansion plans outside mentioned markets - Management indicated excitement about future market expansion, leveraging industry connections and data insights to make strategic decisions [29] Question: Plans to add sports betting - Management confirmed that while the primary focus is on casino operations, they are open to adding sports betting as a secondary revenue stream in regulated markets [30][31] Question: Impact of organizational operation agreement plan - Management noted positive early results from the strategic initiatives aimed at optimization and focus on regulated markets [34] Question: Concerns about capital and potential need for a raise - Management reassured that current capital is expected to sustain operations through the year without the need for an additional capital raise [42]

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]