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

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

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 Performance

Shares of ROLR traded down $0.23 during midday trading on Friday, hitting $3.03. 54,538 shares of the company’s stock traded hands, compared to its average volume of 64,419. High Roller Technologies has a 1 year low of $1.16 and a 1 year high of $33.68. The firm’s fifty day moving average is $4.89 and its 200-day moving average is $5.70.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at High Roller Technologies

In other news, Director Daniel Waldemar Bradtke sold 5,000 shares of High Roller Technologies stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $6.16, for a total transaction of $30,800.00. Following the completion of the sale, the director directly owned 29,979 shares in the company, valued at approximately $184,670.64. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of High Roller Technologies during the 2nd quarter worth approximately $609,000. Renaissance Technologies LLC acquired a new stake in shares of High Roller Technologies in the first quarter valued at about $222,000. Finally, Balefire LLC acquired a new stake in shares of High Roller Technologies in the second quarter valued at about $59,000.

High Roller Technologies Company Profile

High Roller Technologies, Inc. is an online gaming company that operates digital casino brands, including High Roller and Fruta. Its platforms provide access to casino-style games through websites and mobile devices. The company’s offerings include slots, table games and live-dealer games. Its brands serve players in markets where online gaming is permitted, subject to applicable licensing and geographic restrictions.