GAN(US:GAN)2022-08-15 23:13Financial Performance - Total revenue increased by 2% year-over-year to $35 million, or 10% on a constant currency basis for Q2 2022[6, 23] - B2B revenue reached a record of $14.2 million, a 36% year-over-year increase, with SaaS or recurring revenues increasing 13% year-over-year[6, 29] - B2C active customers increased 39% year-over-year to 260,000, although revenue was impacted by FX and European headwinds[6, 35] - The company reported an AEBITDA of positive $1.3 million for Q2 2022[6, 23] - Net loss was $38.349 million, which includes a $28.861 million impairment charge[23, 37, 38] Revised Outlook - Revised 2022 revenue guidance to $142.5 million - $152.5 million, with B2C segment at $90 million - $95 million and B2B segment increased to $52.5 million - $57.5 million[8] - Revised 2022 AEBITDA guidance to $10 million - $15 million, with a reduced flow-through impact of 40% due to additional cost optimization[8] Strategic Initiatives - GAN Sports is generating positive feedback, with a robust live launch schedule expected in 2023[7] - The company is implementing GameSTACK 2.0 to drive efficiencies and deliver a superior product, targeting $10 million in annualized cost savings[9] - Coolbet reached a milestone of one million registered customers on its gaming platform on August 7th[7]