High Roller Technologies (NYSEAMERICAN:ROLR) Posts Quarterly Earnings Results

High Roller Technologies (NYSEAMERICAN:ROLR) issued its earnings results on Friday. The company reported ($0.25) EPS for the quarter, FiscalAI reports. High Roller Technologies had a negative return on equity of 2.57% and a net margin of 10.83%. The firm had revenue of $2.40 million during the quarter.

Here are the key takeaways from High Roller Technologies’ conference call:

• ROLR moved from invitation-only beta to a public launch on October 21, followed by an iOS app launch on November 9; an Android app is expected by year-end, subject to approval. Management sees 2027 as the platform’s first full year of commercial operations and expects prediction markets to become a major growth driver.
• The company plans to use marketing and distribution partners to attract traders, while monitoring conversion, retention, customer quality, and acquisition costs. Executives said it is too early to share launch metrics or customer-acquisition costs, and acknowledged the market is competitive.
• High Roller is evaluating a possible futures commission merchant (FCM) application and announced a forward-looking partnership with ProphetX that could expand event contracts if it pursues and obtains the license. The company emphasized that it is not currently an FCM and cannot guarantee the timing or outcome of registration.
• Q3 revenue fell 51% year over year to $2.4 million, while the operating loss widened to $2.7 million and Adjusted EBITDA was negative $2.1 million. The prior-year quarter included a one-time $3.6 million tax benefit, which contributed to the year-over-year decline in net income.
• At September 30, the company had $13.4 million in cash, no outstanding borrowings, and said current funds should cover at least 12 months of operations, although operating cash use increased year over year. Its casino business generated more than twice the revenue per depositing customer, but the planned New Zealand exit is expected to reduce casino revenue further from December.

High Roller Technologies Stock Down 7.1%

NYSEAMERICAN:ROLR traded down $0.23 during mid-day trading on Friday, reaching $3.03. 54,538 shares of the company’s stock traded hands, compared to its average volume of 1,351,188. The company has a 50 day moving average price of $4.95 and a 200-day moving average price of $5.72. High Roller Technologies has a 12-month low of $1.16 and a 12-month high of $33.68.

Insiders Place Their Bets

In other High Roller Technologies news, Director Daniel Waldemar Bradtke sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $6.16, for a total value of $30,800.00. Following the completion of the sale, the director owned 29,979 shares in the company, valued at approximately $184,670.64. This trade represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On High Roller Technologies

Hedge funds have recently made changes to their positions in the business. Balefire LLC purchased a new stake in High Roller Technologies in the second quarter worth $59,000. Renaissance Technologies LLC purchased a new position in High Roller Technologies during the 1st quarter valued at $222,000. Finally, BlackRock Inc. purchased a new position in High Roller Technologies during the 2nd quarter valued at $609,000.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on shares of High Roller Technologies in a research report on Wednesday, July 22nd. They set a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $20.00.

About High Roller Technologies

High Roller Technologies, Inc. is an online gaming company that operates real-money casino platforms and related digital gaming services. Its business is focused on providing customers with internet-based casino games, including slots, table games and live-dealer experiences, through its online brands. The company operates brands including High Roller Casino and 777 Casino, offering a range of gaming products designed for desktop and mobile users. Its platforms generally support multiple payment methods and are intended to provide access to online casino entertainment in markets where the company is licensed or otherwise permitted to operate.