trending Market Intelligence /marketintelligence/en/news-insights/trending/qarVrWs99LoxJp5JLojOCw2 content esgSubNav
In This List

Galaxy Gaming Q1 profit falls YOY

Blog

Investment Banking Essentials May 15

Case Study

A Tech Feed Provider Adds S&P Global Ratings to Its API Solutions

Podcast

Next in Tech | Episode 167: FinOps And Battle For Cloud Costs

Case Study

A Professional Services Firm Leverages AI to Quickly Uncover Actionable Insights from SEC Filings


Galaxy Gaming Q1 profit falls YOY

Galaxy Gaming Inc. said its normalized net income for the first quarter came to $72,780, a fall of 52.4% from $152,760 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to 2.8% from 6.7% in the year-earlier period.

Total revenue increased 14.1% year over year to $2.6 million from $2.3 million, and total operating expenses increased 25.9% year over year to $2.2 million from $1.7 million.

Reported net income declined 58.4% from the prior-year period to $62,860, or 0 cents per share, from $151,170, or 0 cents per share.