High Roller Technologies (“High Roller” and the “Company”) (NYSE:
ROLR), operator of premium online casino brands High Roller and
Fruta, today reported its fourth quarter and full year financial
results for the year ended December 31, 2024. High Roller currently
offers more than 4,400 games from over 80 game providers,
representing one of the widest online casino game portfolios in the
world, including video slots, blackjack, roulette, baccarat, craps,
video poker, and more.
Ben Clemes, Chief Executive Officer at High
Roller Technologies, commented, “We closed the year with a
12% YoY increase in Q4 revenue and we are taking steps to
implement a strategic realignment plan following
the successful IPO in October that strengthened our balance
sheet. I am confident that we are building a solid foundation to
underpin our vision for sustainable, long-term growth as we invest
in and execute upon new market expansion, anchored by our High
Roller brand and our proven track record of operational
excellence.”
Leveraging its expertise in player acquisition,
retention, and industry-specific marketing relationships, in 2024
the Company grew its active user base, increased its first-time
depositors, and successfully launched Fruta.com into current
markets in preparation for further market expansion.
Additionally, High Roller is in the process of
applying for a gaming license in Ontario, Canada, where subject to
licensure it plans to launch its award-winning online casino brand
to the public in H2 2025 and increase its total addressable market
by approximately $2 billion.
“As we continue to evolve as an online iCasino
operator, I am confident that our premium brand and deep industry
expertise are strong tailwinds for us in this dynamic, growing
market,” said Clemes.
Full Year 2024 Highlights
|
● |
In October 2024, the Company successfully completed its IPO on the
NYSE with gross proceeds of $10 million; net proceeds are allocated
for expansion, new user acquisition, launching new
brands/verticals, and working capital. |
|
● |
Successfully launched Fruta.com in June 2024 as part of High Roller
Technologies’ multi-brand strategy. |
|
● |
Successfully exited non-growth markets and reallocated capital to
higher growth opportunities and new market expansion, while
simultaneously streamlining operational costs. |
|
● |
High Roller was the recipient of the Best Player Retention 2024
Award at the SiGMA Europe B2C Awards, lauding the company’s ability
to successfully engage and entertain its customers. |
|
● |
High Roller was honored at the 2024 WN iGaming Summit as Casino
Operator of the Year. |
Fourth Quarter & Full Year 2024 Financial
Summary
|
● |
The Company reported total revenue of $8.1 million for the
fourth quarter ended December 31, 2024, an increase of 12%, as
compared to $7.2 million during the same quarter that ended
December 31, 2023. |
|
● |
The Company reported revenue of $27.9 million for the year
ended December 31, 2024, as compared to $29.7 million for the
year ended December 31, 2023. |
|
● |
The Company reported a net loss per share of $ (0.30) for the
three months ended December 31, 2024, and a net loss per share of $
(0.82) for the year ended December 31, 2024. |
|
● |
The Company made improvements to its balance sheet with increase to
cash and cash equivalents position of $6.9 million for FY
2024, compared to $2.1 million for FY 2023 and increases to
total asset to $16.6 million up from $11.8 million for
the same period in 2023. |
Financial Results
Additional information with respect to the
Company’s business, operations and financial condition as of and
for the three months and twelve months ended December 31, 2024 is
contained in the Company’s Annual Report on Form 10-K for the
yearly period ended December 31, 2024, which has been filed with
the U.S. Securities and Exchange Commission (the “SEC”)
at www.sec.gov.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading
global online gaming operator, known for its innovative casino
brands, High Roller and Fruta, listed under the ticker ROLR on the
NYSE. The Company delivers a cutting-edge real-money online casino
platform that is intuitive and user-friendly. With a diverse
portfolio of over 4,400 premium games from more than 80 leading
game providers, High Roller Technologies serves a global customer
base, offering an immersive and engaging gaming experience in the
rapidly expanding multi-billion dollar iGaming industry. The online
casino features enhanced search engine optimization, machine
learning, seamless direct API integrations, faster load times, and
superior scalability.
As an award-winning operator, High Roller
Technologies continues to redefine the future of online gaming
through innovation, performance, and a commitment to excellence.
For more information, please visit the High Roller Technologies,
Inc. investor relations website, X, Facebook, and LinkedIn
pages.
Forward Looking Statements
Certain statements in this press release
constitute "forward-looking statements" within the meaning of the
federal securities laws. Words such as "may," "might," "will,"
"should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable,
undue reliance should not be placed on any such forward-looking
statements, which are based on information available to us on the
date of this release. These forward-looking statements are based
upon current estimates and assumptions and are subject to various
risks and uncertainties, including without limitation those set
forth in the Company's filings with the SEC, not limited to Risk
Factors relating to its business contained therein. Thus, actual
results could be materially different. The Company expressly
disclaims any obligation to update or alter statements whether as a
result of new information, future events or otherwise, except as
required by law.
Contact
ir@highroller.com
800-460-1039
HIGH ROLLER TECHNOLOGIES, INC. AND
SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
|
|
For the Three Months Ended |
|
|
For the Year Ended |
|
|
|
December 31, |
|
|
December 31, |
|
(in thousands, except share
and per share data) |
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues,
net |
|
$ |
8,056 |
|
|
$ |
7,191 |
|
|
$ |
27,882 |
|
|
$ |
29,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct operating costs: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Related party |
|
|
626 |
|
|
|
1,047 |
|
|
|
2,646 |
|
|
|
4,289 |
|
Other |
|
|
2,556 |
|
|
|
2,472 |
|
|
|
10,296 |
|
|
|
9,359 |
|
General and
administrative: |
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
Related party |
|
|
7 |
|
|
|
184 |
|
|
|
174 |
|
|
|
493 |
|
Other |
|
|
2,020 |
|
|
|
2,825 |
|
|
|
9,189 |
|
|
|
10,037 |
|
Advertising and
promotions: |
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
Related party |
|
|
548 |
|
|
|
79 |
|
|
|
956 |
|
|
|
1,649 |
|
Other |
|
|
4,020 |
|
|
|
2,169 |
|
|
|
9,387 |
|
|
|
5,955 |
|
Product and software
development: |
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
Related party |
|
|
15 |
|
|
|
85 |
|
|
|
208 |
|
|
|
242 |
|
Other |
|
|
277 |
|
|
|
64 |
|
|
|
818 |
|
|
|
342 |
|
Total operating
expenses |
|
|
10,069 |
|
|
|
8,925 |
|
|
|
33,674 |
|
|
|
32,366 |
|
Loss from
operations |
|
|
(2,013 |
) |
|
|
(1,734 |
) |
|
|
(5,792 |
) |
|
|
(2,691 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
|
(48 |
) |
|
|
(23 |
) |
|
|
(125 |
) |
|
|
(114 |
) |
Other income |
|
|
(1 |
) |
|
|
39 |
|
|
|
1 |
|
|
|
— |
|
Total other expenses |
|
|
(49 |
) |
|
|
16 |
|
|
|
(124 |
) |
|
|
(114 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes |
|
|
(2,062 |
) |
|
|
(1,718 |
) |
|
|
(5,916 |
) |
|
|
(2,805 |
) |
Income tax expense |
|
|
7 |
|
|
|
4 |
|
|
|
7 |
|
|
|
13 |
|
Net loss |
|
$ |
(2,069 |
) |
|
$ |
(1,722 |
) |
|
$ |
(5,923 |
) |
|
$ |
(2,818 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
(loss) income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustment |
|
|
(184 |
) |
|
|
175 |
|
|
|
(167 |
) |
|
|
54 |
|
Comprehensive loss |
|
$ |
(2,253 |
) |
|
$ |
(1,547 |
) |
|
$ |
(6,090 |
) |
|
$ |
(2,764 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per common
share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per common share –
basic and diluted |
|
$ |
(0.29 |
) |
|
$ |
(0.25 |
) |
|
$ |
(0.82 |
) |
|
$ |
(0.42 |
) |
Weighted average common shares
outstanding – basic and diluted |
|
|
7,013,734 |
|
|
|
6,966,841 |
|
|
|
7,248,892 |
|
|
|
6,641,774 |
|
HIGH ROLLER TECHNOLOGIES, INC. AND
SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE
SHEETS
|
|
As of |
|
|
As of |
|
|
|
December 31, |
|
|
December 31, |
|
(in thousands, except share
and per share data) |
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
Current
assets |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
6,869 |
|
|
$ |
2,087 |
|
Restricted cash |
|
|
1,085 |
|
|
|
1,958 |
|
Prepaid expenses and other
current assets |
|
|
825 |
|
|
|
836 |
|
Total current
assets |
|
|
8,779 |
|
|
|
4,881 |
|
Due from affiliates |
|
|
1,624 |
|
|
|
702 |
|
Deferred offering costs |
|
|
— |
|
|
|
580 |
|
Property and equipment,
net |
|
|
372 |
|
|
|
250 |
|
Operating lease right-of-use
asset, net |
|
|
910 |
|
|
|
— |
|
Intangible assets, net |
|
|
4,899 |
|
|
|
5,117 |
|
Other assets |
|
|
41 |
|
|
|
255 |
|
Total
assets |
|
$ |
16,625 |
|
|
$ |
11,785 |
|
|
|
|
|
|
|
|
|
|
Liabilities and
stockholders’ equity |
|
|
|
|
|
|
|
|
Current
liabilities |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
1,560 |
|
|
$ |
686 |
|
Accrued expenses |
|
|
4,307 |
|
|
|
4,300 |
|
Player liabilities |
|
|
662 |
|
|
|
499 |
|
Due to affiliates |
|
|
3,406 |
|
|
|
3,972 |
|
Short-term unsecured notes
payable to stockholders |
|
|
90 |
|
|
|
— |
|
Operating lease obligation,
current |
|
|
143 |
|
|
|
— |
|
Total current
liabilities |
|
|
10,168 |
|
|
|
9,457 |
|
Other liabilities |
|
|
7 |
|
|
|
23 |
|
Operating lease obligation,
noncurrent |
|
|
729 |
|
|
|
— |
|
Total
liabilities |
|
|
10,904 |
|
|
|
9,480 |
|
Stockholders’
equity |
|
|
|
|
|
|
|
|
Preferred stock, $0.001 par
value; 10,000,000 shares authorized; none issued and outstanding as
of December 31, 2024 and December 31, 2023 |
|
|
— |
|
|
|
— |
|
Common stock, $0.001 par
value; 60,000,000 shares authorized; 8,350,882 shares and 6,967,278
shares issued and outstanding as of December 31, 2024 and December
31, 2023, respectively |
|
|
8 |
|
|
|
7 |
|
Additional paid-in
capital |
|
|
31,557 |
|
|
|
22,052 |
|
Accumulated deficit |
|
|
(27,143 |
) |
|
|
(21,220 |
) |
Accumulated other
comprehensive income |
|
|
1,299 |
|
|
|
1,466 |
|
Total
stockholders’ equity |
|
|
5,721 |
|
|
|
2,305 |
|
Total liabilities and
stockholders’ equity |
|
$ |
16,625 |
|
|
$ |
11,785 |
|
HIGH ROLLER TECHNOLOGIES, INC. AND
SUBSIDIARIESGAAP NET LOSS TO NON-GAAP ADJUSTED
EBITDA
|
|
For the Three Months Ended December 31, |
|
(in thousands) |
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
8,056 |
|
|
$ |
7,191 |
|
Net loss |
|
|
(2,069 |
) |
|
|
(1,722 |
) |
|
|
|
|
|
|
|
|
|
Add back items: |
|
|
|
|
|
|
|
|
Stock-based compensation
expense |
|
|
300 |
|
|
|
54 |
|
Depreciation and
amortization |
|
|
71 |
|
|
|
55 |
|
Interest expense, net |
|
|
48 |
|
|
|
23 |
|
Issuance of warrants |
|
|
250 |
|
|
|
— |
|
Foreign exchange transaction
loss |
|
|
53 |
|
|
|
514 |
|
Income tax provision |
|
|
7 |
|
|
|
4 |
|
Adjusted
EBITDA |
|
$ |
(1,340 |
) |
|
$ |
(1,072 |
) |
Adjusted EBITDA
margin |
|
|
(16.63 |
)% |
|
|
(14.91 |
)% |
High Roller Technologies (AMEX:ROLR)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025
High Roller Technologies (AMEX:ROLR)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 4월(4) 2025