GAN Limited (GAN)

GAN Limited Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	124.94	129.42	141.53	124.16	35.16	29.97
Revenue Growth (YoY)	-10.22%	-8.56%	13.99%	253.15%	17.31%	113.73%
Cost of Revenue	37.86	38.7	41.63	41.37	10.47	7.1
Gross Profit	87.08	90.72	99.89	82.79	24.69	22.87
Selling, General & Admin	61.62	65.63	66.15	71.15	29.87	11.92
Research & Development	38.28	38.24	35.2	22.55	11.03	3.41
Other Operating Expenses	14.8	17.16	191.06	20.31	3.26	4.94
Operating Expenses	114.7	121.03	292.4	114	44.16	20.28
Operating Income	-27.62	-30.31	-192.51	-31.21	-19.47	2.59
Interest Expense / Income	-0.58	0	0	0	0	0.01
Other Expense / Income	13.26	3.99	1.05	-0.41	0.39	-
Pretax Income	-40.29	-34.31	-193.56	-30.81	-19.86	2.58
Income Tax	-0.19	0.14	3.94	-0.21	0.35	0.57
Net Income	-40.11	-34.44	-197.5	-30.59	-20.22	2
Shares Outstanding (Basic)	45	44	42	42	27	21
Shares Outstanding (Diluted)	45	44	42	42	27	23
Shares Change	-4.38%	4.30%	0.80%	55.61%	15.31%	-16.31%
EPS (Basic)	-0.90	-0.78	-4.66	-0.73	-0.75	0.09
EPS (Diluted)	-0.90	-0.78	-4.66	-0.73	-0.75	0.09
Free Cash Flow	-5.45	-10.38	-14.35	-18.95	-12.27	2.62
Free Cash Flow Per Share	-0.12	-0.23	-0.34	-0.45	-0.45	0.12
Gross Margin	69.70%	70.10%	70.58%	66.68%	70.22%	76.30%
Operating Margin	-22.10%	-23.42%	-136.02%	-25.14%	-55.38%	8.65%
Profit Margin	-32.10%	-26.61%	-139.55%	-24.64%	-57.50%	6.69%
Free Cash Flow Margin	-4.36%	-8.02%	-10.14%	-15.26%	-34.89%	8.74%
Effective Tax Rate	-	-	-	-	-	22.27%
EBITDA	-39.17	-32.66	-192.03	-29.73	-19.5	2.8
EBITDA Margin	-31.35%	-25.23%	-135.68%	-23.94%	-55.47%	9.35%
Depreciation & Amortization	1.7	1.65	1.53	1.08	0.36	0.21
EBIT	-40.87	-34.31	-193.56	-30.81	-19.86	2.59
EBIT Margin	-32.71%	-26.51%	-136.76%	-24.81%	-56.50%	8.65%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).