GAN Limited Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	129.42	141.53	124.16	35.16	29.97	14.02
Revenue Growth (YoY)	-8.56%	13.99%	253.15%	17.31%	113.73%	-
Cost of Revenue	38.7	41.63	41.37	10.47	7.1	11.89
Gross Profit	90.72	99.89	82.79	24.69	22.87	2.13
Selling, General & Admin	65.63	66.15	71.15	29.87	11.92	10.23
Research & Development	38.24	35.2	22.55	11.03	3.41	0
Other Operating Expenses	17.16	191.06	20.31	3.26	4.94	0
Operating Expenses	121.03	292.4	114	44.16	20.28	10.23
Operating Income	-30.31	-192.51	-31.21	-19.47	2.59	-8.1
Interest Expense / Income	0	0	0	0	0.01	0.44
Other Expense / Income	3.99	1.05	-0.41	0.39	-	0.1
Pretax Income	-34.31	-193.56	-30.81	-19.86	2.58	-8.64
Income Tax	0.14	3.94	-0.21	0.35	0.57	-0.93
Net Income	-34.44	-197.5	-30.59	-20.22	2	-7.7
Shares Outstanding (Basic)	44	42	42	27	21	28
Shares Outstanding (Diluted)	44	42	42	27	23	-
Shares Change	4.30%	0.80%	55.61%	15.31%	-16.31%	-
EPS (Basic)	-0.78	-4.66	-0.73	-0.75	0.09	-0.10
EPS (Diluted)	-0.78	-4.66	-0.73	-0.75	0.09	-0.10
Free Cash Flow	-10.38	-14.35	-18.95	-12.27	2.62	2.17
Free Cash Flow Per Share	-0.23	-0.34	-0.45	-0.45	0.12	0.08
Gross Margin	70.10%	70.58%	66.68%	70.22%	76.30%	15.18%
Operating Margin	-23.42%	-136.02%	-25.14%	-55.38%	8.65%	-57.77%
Profit Margin	-26.61%	-139.55%	-24.64%	-57.50%	6.69%	-54.92%
Free Cash Flow Margin	-8.02%	-10.14%	-15.26%	-34.89%	8.74%	15.45%
Effective Tax Rate	-	-	-	-	22.27%	-
EBITDA	-32.66	-192.03	-29.73	-19.5	2.8	-2.01
EBITDA Margin	-25.23%	-135.68%	-23.94%	-55.47%	9.35%	-14.32%
Depreciation & Amortization	1.65	1.53	1.08	0.36	0.21	6.19
EBIT	-34.31	-193.56	-30.81	-19.86	2.59	-8.2
EBIT Margin	-26.51%	-136.76%	-24.81%	-56.50%	8.65%	-58.45%

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).