High Roller Technologies Reports 30% Quarter-Over-Quarter Revenue Growth
Filing Follows High Roller’s Recent IPO on NYSE
Las Vegas, Nevada, Dec. 04, 2024 (GLOBE NEWSWIRE) —
High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of premium online gaming brands, www.HighRoller.com and www.Fruta.com, announced today that it has filed its financial results for the third quarter of 2024.
Third Quarter 2024 Summary
The Company reported total revenue of $7.5 million for the three months ended September 30, 2024, showing a 30% increase in quarter-over-quarter revenue. This growth is attributed to the Company’s focus on marketing efficiencies and cost optimization. Despite a net loss per share of ($0.07) for the quarter, the Company achieved positive Adjusted EBITDA of $40 thousand, a significant improvement from the previous quarter’s negative EBITDA.
Financial Highlights
Total revenue for the third quarter of 2024 was $7.5 million, up from $5.8 million in the previous quarter.
The Company ended the quarter with cash, cash equivalents of $2.9 million, including restricted cash.
Net loss per share was ($0.07), compared to ($0.03) in the same period last year.
Positive Adjusted EBITDA of $40,000 for the quarter, a marked improvement from the negative ($1.0 million) reported in the second quarter of 2024.
Effects on Stakeholders
Impact on Me: As a potential investor, the positive financial results and revenue growth of High Roller Technologies indicate a promising outlook for the Company’s future performance. This may present an opportunity for investment consideration in the online gaming sector.
Impact on the World: The Company’s significant revenue growth and financial improvements signal a positive trend in the online gaming industry. High Roller’s success can inspire other companies to focus on marketing efficiencies and cost optimization, leading to overall industry growth and competitiveness.
Conclusion
In conclusion, High Roller Technologies’ impressive quarter-over-quarter revenue growth and financial performance showcase the Company’s commitment to strategic initiatives and operational efficiency. As the online gaming industry continues to evolve, High Roller’s success sets a benchmark for industry standards and growth potential.
