High Roller Tech | 10-Q: FY2025 Q2 Revenue: USD 6.936 M

Revenue: As of FY2025 Q2, the actual value is USD 6.936 M.

EPS: As of FY2025 Q2, the actual value is USD -0.07.

EBIT: As of FY2025 Q2, the actual value is USD -555 K.

Segment Revenue

• Net Gaming Revenue: $5.8 million for the three months ended June 30, 2025, compared to $5.7 million for the same period in 2024. For the six months ended June 30, 2025, net gaming revenue was $11.0 million, compared to $12.0 million for the same period in 2024.
• Net Revenue Generated Through Intra-Group Services Arrangements: $1.1 million for the three months ended June 30, 2025, compared to $111 thousand for the same period in 2024. For the six months ended June 30, 2025, net revenue generated through intra-group services arrangements was $2.7 million, compared to $290 thousand for the same period in 2024.

Operational Metrics

• Net Loss: $592 thousand for the three months ended June 30, 2025, compared to $1.5 million for the same period in 2024. For the six months ended June 30, 2025, net loss was $3.9 million, compared to $3.4 million for the same period in 2024.
• Adjusted EBITDA: $362 thousand for the three months ended June 30, 2025, compared to - $931 thousand for the same period in 2024. For the six months ended June 30, 2025, adjusted EBITDA was - $2.2 million, compared to - $1.7 million for the same period in 2024.
• Operating Expenses: $7.4 million for the three months ended June 30, 2025, compared to $7.3 million for the same period in 2024. For the six months ended June 30, 2025, operating expenses were $17.4 million, compared to $15.6 million for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $4.4 million for the six months ended June 30, 2025, compared to - $1.1 million for the same period in 2024.
• Net Cash Used in Investing Activities: - $296 thousand for the six months ended June 30, 2025, compared to - $242 thousand for the same period in 2024.
• Net Cash Used in Financing Activities: - $90 thousand for the six months ended June 30, 2025, compared to $337 thousand for the same period in 2024.

Unique Metrics

• Quarterly Active Users: 19,675 for Q2 2025, compared to 22,505 for Q2 2024.
• Quarterly Unique Depositing Customers (UDCs): 17,036 for Q2 2025, compared to 21,170 for Q2 2024.
• Quarterly Wagers: $153.2 million for Q2 2025, compared to $159.8 million for Q2 2024.

Future Outlook and Strategy

Core Business Focus

• Market Expansion: The company plans to enter regulated markets in Europe, North and South America, with a focus on North American markets within approximately twelve months from the receipt of proceeds from the initial public offering.
• Multi-Brand Strategy: High Roller Technologies, Inc. is implementing a multi-brand strategy to launch new brands utilizing current licenses and existing resources to access new target demographics and generate new revenues.

Non-Core Business

• Affiliate Model Site: The company is repositioning its legacy gaming operator CasinoRoom.com into an online casino ratings and reviews portal to generate high-value leads and targeted search engine traffic for HighRoller.com and other casinos.

Priority

• Marketing Strategy: The company is focusing on acquiring higher value customers through optimized marketing efforts and leveraging relationships with companies in key markets.
• Cost Management: The company is streamlining operations to manage costs more effectively, particularly in marketing and software development.