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Galaxy Gaming, Inc. reports company developments centered on material agreements, shareholder voting matters, capital-structure disclosures, governance items, risk factors, and operating and financial results. Public updates for GLXZ are framed around corporate actions, security-structure topics, governance changes, and periodic financial performance.
Galaxy Gaming, Inc. (GLXZ) reported strong financial results for Q1 2024, with record revenue growth in both net and gross figures. The company's net income and EBITDA also saw significant increases compared to the same period last year. Despite lower perpetual license sales in Q1 2024, recurring license revenue remained the primary source of income for Galaxy Gaming. The company's Core sector experienced growth, driven by the distribution of EZ Baccarat® and the development of GOS 2.0. In the iGaming sector, revenues showed positive growth as well. Galaxy Gaming ended the quarter with $17.5 million in cash and remains focused on reducing net leverage through EBITDA growth and debt reduction.
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