High Roller posts $8.1m in Q4 revenue, up 12% year-over-year
Revenue for the fiscal year reached $27.9m.
Key Points
- High Roller has applied for a gaming license in the Canadian province of Ontario
- Annual cash and cash equivalents tripled year-over-year
Las Vegas-based High Roller Technologies has reported its 2024 Q4 and fiscal year financial and business results.
During the fourth quarter, the company reported $8.1m in total revenue, up by 12% when compared to results posted a year ago.
High Roller posted a $0.30 net loss per share, less than half of its net loss during the previous Q4 period in 2023.
The company reported $27.9m in revenue for the fiscal year, reporting a dip in revenue when compared to last year.
However, High Roller said it has made “improvements to its balance sheet with increase to cash and cash equivalents position.”
Its cash and cash equivalents position reached $6.9m for the fiscal year, more than triple what the company posted at the end of 2023.
Total assets rose during the year as well when compared to 2023 results. The company’s increases to total asset reached $16.6m, an increase of nearly $5m year-over-year.
Company CEO Ben Clemes discussed the recent report further by saying, “We closed the year with a 12% year-over-year 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.”
High Roller offers players more than 4,400 games from close to 80 game providers. The company’s online gaming portfolio features video slots, blackjack, roulette, baccarat, craps and video poker.
High Roller is also engaged in the application process for an Ontario gaming license.
Clemes said in closing, “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.”
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