High Roller Technologies, Inc.(US:ROLR)2025-08-12 21:30Financial Data and Key Metrics Changes - High Roller Technologies reported a positive adjusted EBITDA of $362,000 in Q2 2025, a significant turnaround from an adjusted EBITDA loss of approximately $2,500,000 in Q1 2025 [6][11] - Total revenue for Q2 2025 increased by 2% from Q1 2025, reaching $6,900,000, with net gaming revenue increasing by 12% [11][12] - Adjusted earnings per share improved to 4¢ in Q2 2025, compared to an adjusted loss per share of 30¢ in Q1 2025 [11][12] - The net cash position at the end of Q2 2025 was approximately $3,600,000, down from $4,500,000 in Q1 2025 [12][13] Business Line Data and Key Metrics Changes - Unique deposits and customers were down for another quarter, but net gaming revenue per unique deposit and customer increased nearly 80% to $340 [9][12] - Revenue in the core market of Finland was up nearly 55% year-over-year compared to the previous six-month period ending June 30, 2024 [9][12] Market Data and Key Metrics Changes - Finland represented 57% of net gaming revenue for 2025, up from 39% in 2024, indicating a strong focus on regulated markets [12] Company Strategy and Development Direction - The company underwent a strategic realignment, focusing on high-potential markets like Finland and Canada, and is launching a third market-specific brand [3][5] - A new executive leadership team was established to enhance operational efficiency and scalability [6][21] - The company is actively participating in investor conferences and roadshows to raise awareness within the investment community [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and operational improvements, emphasizing the importance of transparency and credibility with shareholders [16][20] - The company is optimistic about its future performance, particularly with the upcoming launch in Ontario, which is expected to be a significant growth opportunity [36][39] Other Important Information - The company received a notice of noncompliance with NYSE listing standards but has addressed it with relevant filings and a compliance plan [4] - The marketing and retention departments have been reconstituted with senior localized talent to enhance execution in strategic markets [21][22] Q&A Session Summary Question: What drove the improvement in average revenue per user (ARPU) and what should be expected going forward? - The improvement in ARPU was driven by a refocus of marketing spend on acquiring high-value users and stronger operational execution [29][30] - Management did not provide specific guidance on future ARPU but expressed confidence in continued growth [31] Question: How comfortable is the company with current liquidity given expansion plans, and is there an expectation to raise capital soon? - Management is comfortable with the current cash position and does not anticipate raising capital from the market but is exploring strategic opportunities [32][34] Question: Can you provide details on the Ontario launch timeline and marketing strategy? - The Ontario launch is expected to be a significant step for the company, with strong marketing support from Psycho Media [36][38] - Ontario is identified as a major regulated online gambling market with substantial revenue potential [37][39]