GAN Ltd. ( (GAN) ) has released its Q1 earnings. Here is a breakdown of the information GAN Ltd. presented to its investors.
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GAN Ltd. is a Bermuda-based company that provides a proprietary gaming system, GameSTACK™, primarily to the U.S. land-based casino industry, offering both B2B and B2C gaming solutions. In its latest earnings report for the quarter ending March 31, 2025, GAN Ltd. reported a decline in revenue to $29.4 million from $30.7 million in the previous year, alongside a net loss of $6.8 million, reflecting increased operating expenses and interest costs. Key financial metrics showed a decrease in accounts receivable and an increase in long-term debt, highlighting liquidity challenges despite a slight increase in cash reserves. Looking ahead, GAN Ltd. faces uncertainty due to the expiration of a significant B2B contract and ongoing merger proceedings with SEGA SAMMY CREATION INC., which could impact its financial stability and operational strategy.