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Stock impact report

Galaxy Gaming Provides Preliminary Q2 2019 Financial Results

GALAXY GAMING INC (GLXZ) 
NASDAQ:AMEX Investor Relations: ir.galaxygaming.com
Company Research Source: GlobeNewswire
LAS VEGAS, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, is announcing today preliminary financial results for the quarter ended June 30, 2019. Q2 2019 Preliminary Financial Results The Company expects to file actual results for the quarter ended June 30, 2019 on Form 10-Q on August 14, 2019.  On a preliminary estimated basis, the Company expects to report revenue for Q2 2019 of approximately $5.4 million and adjusted EBITDA* of $2.4 million.  These figures compare to $4.5 million in revenue and $1.7 million in adjusted EBITDA* for the comparable period in 2018.  Further, the Company expects to report that, at June 30, 2019, cash was $8.2 million and long-term debt (gross) was $48.6 million, including $39.1 million of subordinated debt issued in connection with the redemption transaction in May 2019.  The Q2 2019 anticipated results presented in this release are based on prelimin Show less Read more
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