NYSE:ROLR
High Roller Reports Q1 2025 Results
| ● | Q1 2025 revenue increased 4% YoY to $6,770,886 | |
| ● | Commenced reorganization and strategic shift to regulated market operating profile | |
| ● | Successfully submitted initial licensing application to access Ontario’s regulated online gambling market | |
Las Vegas, Nevada, May 15, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of premium online casino brands High Roller and Fruta, today reported its financial results for the first quarter ended March 31, 2025. High Roller currently offers more than 5,300 games from over 90 game providers, representing one of the widest online casino game portfolios in the world, including video slots, blackjack, roulette, baccarat, craps, video poker, and more.
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “Beginning in Q1 and leading into Q2, we began executing against a strategic plan and staff reorganization to focus exclusively on high-potential regulated markets. We expect this will lower both operating cost and risk, and position the Company for scalable, sustainable long-term growth. While we experienced modest revenue growth as compared to Q1 2024 and we acknowledge the widened operating loss, we expect to increase our cash flow and margin in the second half of 2025 commensurate with the ongoing strategic plan.”
As part of this strategic plan, High Roller has started the process of winding down operations in the last remaining non-growth markets. Additionally, the Company has commenced its preparations to focus on regulated market opportunities in Canada and Finland, highlighted by the completion and submission of the Company’s initial licensing application in Ontario. Subject to licensure and regulatory approval, the Company plans to launch operations in Ontario in H2 2025, significantly expanding its total addressable revenue opportunity.
“Launching in Ontario is our first step into North America,” said Clemes. “We’re also thrilled to see Alberta take action to open a competitive regulated market. The momentum we built towards the end of Q1 has carried into Q2, and we’re gaining strength.”
Q1 2025 Highlights
| ● | The Company strengthened its leadership team with the hiring of industry veterans Emily Micallef (Chief of Staff), and Seth Young (SVP Corporate Strategy & Investor Relations). | |
| ● | Successfully submitted its initial licensing application to enter the Ontario online gambling market. | |
| ● | Added 761 new games, bringing its leading portfolio to over 5,300 games from over 90 providers. | |
| ● | In Q1 we had nearly 30,000 active users, a 34% increase from the previous corresponding period. | |
| ● | Significantly decreased direct operating expenses due to lower third-party affiliate costs | |
| ● | Commenced a brand refresh and revitalization of High Roller and Fruta in anticipation of regulated market expansion | |
| ● | Commenced re-optimization and reallocation of marketing spend leading into Q2 | |
First Quarter 2025 Financial Summary
| ● | The Company reported total revenue of $6.8 million for the first quarter ended March 31, 2025, an increase of 4%, as compared to $6.5 million during the same quarter that ended March 31, 2024 | |
| ● | The net loss was $3.3 million for the three months ended March 31, 2025, as compared to net loss of $1.8 million for the first quarter ended March 31, 2024. | |
| ● | The Company reported a net loss per share of $ (0.39) for the three months ended March 31, 2025, compared to net loss per share of $ (0.26) for the three months ended March 31, 2024. | |
| ● | Cash and cash equivalents totaled $4.5 million, $1.0 million of which is restricted, for the three months ended March 31, 2025. | |
Financial Results
Additional information with respect to the Company’s business, operations and financial condition as of and for the three months ended March 31, 2025 is contained in the Company’s Quarterly Report on Form 10-Q for the three month period ended March 31, 2025, which has been filed with the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include such factors as discussed throughout Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024 and throughout Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Part II, Item 1A. Risk Factors of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Contact:
[email protected]
800-460-1039
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)
| For the Three Months Ended | ||||||||
| March 31, | ||||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| Revenues, net | $ | 6,771 | $ | 6,507 | ||||
| Operating expenses | ||||||||
| Direct operating costs: | ||||||||
| Related party | 447 | 752 | ||||||
| Other | 2,233 | 2,577 | ||||||
| General and administrative: | ||||||||
| Related party | 2 | 17 | ||||||
| Other | 2,800 | 2,689 | ||||||
| Advertising and promotions: | ||||||||
| Related party | 726 | 193 | ||||||
| Other | 3,412 | 1,844 | ||||||
| Product and software development: | ||||||||
| Related party | — | 90 | ||||||
| Other | 363 | 170 | ||||||
| Total operating expenses | 9,983 | 8,332 | ||||||
| Loss from operations | (3,212 | ) | (1,825 | ) | ||||
| Other expenses | ||||||||
| Interest expense, net | (46 | ) | (26 | ) | ||||
| Other (expense) income | (1 | ) | 2 | |||||
| Total other expenses | (47 | ) | (24 | ) | ||||
| Loss before income taxes | (3,259 | ) | (1,849 | ) | ||||
| Income tax expense | 17 | — | ||||||
| Net loss | $ | (3,276 | ) | $ | (1,849 | ) | ||
| Other comprehensive income (loss) | ||||||||
| Foreign currency translation adjustment | 48 | (88 | ) | |||||
| Comprehensive loss | $ | (3,228 | ) | $ | (1,937 | ) | ||
| Net loss per common share: | ||||||||
| Net loss per common share – basic and diluted | $ | (0.39 | ) | $ | (0.26 | ) | ||
| Weighted average common shares outstanding – basic and diluted | 8,374,928 | 6,992,893 | ||||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of March 31, |
As of December 31, |
|||||||
| (in thousands, except share and per share data) | 2025 | 2024 | ||||||
| (Unaudited) | ||||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 3,543 | $ | 6,869 | ||||
| Restricted cash | 990 | 1,085 | ||||||
| Prepaid expenses and other current assets | 803 | 825 | ||||||
| Total current assets | 5,336 | 8,779 | ||||||
| Due from affiliates | 1,056 | 1,624 | ||||||
| Property and equipment, net | 388 | 372 | ||||||
| Operating lease right-of-use asset, net | 902 | 910 | ||||||
| Intangible assets, net | 5,091 | 4,899 | ||||||
| Other assets | 47 | 41 | ||||||
| Total assets | $ | 12,820 | $ | 16,625 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 1,504 | $ | 1,560 | ||||
| Accrued expenses | 4,056 | 4,307 | ||||||
| Player liabilities | 1,074 | 662 | ||||||
| Due to affiliates | 2,442 | 3,406 | ||||||
| Short-term unsecured notes payable to stockholders | — | 90 | ||||||
| Operating leases obligation, current | 206 | 143 | ||||||
| Total current liabilities | 9,282 | 10,168 | ||||||
| Other liabilities | 24 | 7 | ||||||
| Operating lease obligation, noncurrent | 713 | 729 | ||||||
| Total liabilities | 10,019 | 10,904 | ||||||
| Stockholders’ equity | ||||||||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2025 and December 31, 2024 | — | — | ||||||
| Common stock, $0.001 par value; 60,000,000 shares authorized; 8,375,350 shares and 8,350,882 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively | 8 | 8 | ||||||
| Additional paid-in capital | 31,865 | 31,557 | ||||||
| Accumulated deficit | (30,419 | ) | (27,143 | ) | ||||
| Accumulated other comprehensive income | 1,347 | 1,299 | ||||||
| Total stockholders’ equity | 2,801 | 5,721 | ||||||
| Total liabilities and stockholders’ equity | $ | 12,820 | $ | 16,625 | ||||
NYSE:ROLR
High Roller Schedules Conference Call to Discuss First Quarter 2025 Financial Results and Business Update
Las Vegas, Nevada, May 07, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced that the Company will host a conference call regarding its first quarter 2025 financial results and business update on May 15, 2025 at 4:30 PM Eastern Time (ET).
To join the live conference call, please dial 877-405-1216 (U.S. and Canadian callers) or +1 201-689-8336 (international callers outside of the U.S. and Canada) 10 to 15 minutes prior to the scheduled call time. Participants can also click this link for instant telephone access to the event. The link will become active approximately 15 minutes prior to the start of the conference call. The conference ID# is 13753785.
Participating on the call will be Ben Clemes, CEO of High Roller Technologies and Seth Young, SVP Corporate Strategy & Investor Relations, who will discuss upcoming strategic initiatives and financial highlights for the quarter ended March 31, 2025. Management will also be available for a Q&A session during the call after Company remarks.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 5,000 premium games from more than 90 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
[email protected]
800-460-1039
CEO Ben Clemes and team to join top iGaming leaders at Europe’s premier industry summit
Las Vegas, Nevada, May 01, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the premium online casino brands High Roller and Fruta, today announced that Ben Clemes, CEO of High Roller Technologies and Seth Young, Senior Vice President (SVP) of Corporate Strategy & Investor Relations will be attending the NEXT Summit: Valletta 2025, which will take place on 7-8 May at the Mediterranean Conference Center in Valletta, Malta. Mr. Young will also participate as a guest on the panel, “Smart Money: The Power of Investment in a Changing World”.
The NEXT Summit: Valletta is one of the iGaming industry’s premier events, bringing together more than 6,000 delegates for a dynamic, operator-led forum focused on innovation, growth, and collaboration within the online gaming ecosystem.
“We look forward to attending this prestigious summit and networking with other experts in our industry,” said Ben Clemes, CEO of High Roller Technologies. “This is a great opportunity to explore what leading gaming operators are doing in the iGaming space while identifying new opportunities for collaboration and potential partnerships. As an award-winning operator offering more than 4,400 premium games, we’re excited to showcase how we continue to innovate and influence the future of online gaming.”
High Roller Technologies continues to position itself as a key player in the global iGaming market through cutting-edge platforms, a player-first approach, and a commitment to excellence across all its products and partnerships.
About Next.io Summit: Valletta
NEXT Summit: Valletta is the beating heart of iGaming. This week-long festival of events shapes the future of our industry through unparalleled networking, opportunities to tap into emerging markets, insights from 300 industry-leading voices, and a showcase of the world’s best iGaming innovations.
NEXT Summit: Valletta 2025 will take place on 7-8 May at the Mediterranean Conference Center in Valletta, Malta. More than 6,000 delegates will be part of iGaming’s leading operator-led event.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 4,400 premium games from more than 80 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
[email protected]
800-460-1039
NYSE:ROLR
High Roller Announces Hiring of Seth Young as Senior Vice President Corporate Strategy and Investor Relations
Las Vegas, Nevada, April 08, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE American: ROLR), operator of the premium online casino brands High Roller and Fruta, is pleased to announce the appointment of Seth Young as Senior Vice President (SVP) of Corporate Strategy & Investor Relations. In his new role, Mr. Young will collaborate with the management team to shape and implement the Company’s long-term business strategy.
“We are thrilled to welcome Seth Young to our team,” said Ben Clemes, CEO of High Roller Technologies. “His over 20 years of industry experience, combined with his extensive knowledge of gaming technologies, strategic planning, and business development, will be invaluable as we continue to build on High Roller’s strong position in the industry.”
Mr. Young is a widely recognized interactive gaming expert with a successful track record of continuously being at the forefront of new gaming technologies and strategies.
Prior to joining High Roller, Mr. Young served as Chief Innovation Officer at PointsBet, where he was responsible for strategic corporate development efforts including fundraising, new market development, government affairs, regulatory affairs, and more. He also previously served as Chief Operating Officer at FSG Digital, Executive Director of Online Gaming at Foxwoods Resort Casino, Chief Operating Officer at Flower City Gaming, and Director of Strategy for TexasHoldem.com.
Additionally, Mr. Young is a founding partner of GMA Consulting, an internationally respected consulting firm serving the gaming, sports, entertainment, and hospitality sectors. Young also serves on the Board of Directors for Kinectify, EQL Games, Kindbridge Behavioral Health, and Aquimo.
Mr. Young has been recognized for his contributions to the gaming industry, receiving the Innovation Group’s 2018 Emerging Leaders of Gaming Award and being named to Global Gaming Business Magazine’s 40 Under 40 list in the same year.
On his new role, Seth Young commented, “It is a privilege to join High Roller and work alongside such a highly reputable, innovative, and deeply experienced team. The Company offers a world-class consumer entertainment experience through its highly premium brands, and I have no doubt High Roller is uniquely positioned for continued growth and success.”
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator, known for its innovative casino brands, High Roller and Fruta, listed under the ticker ROLR on the NYSE American. The Company delivers a cutting-edge real-money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 4,400 premium games from more than 80 leading game providers, High Roller Technologies serves a global customer base, offering an immersive and engaging gaming experience in the rapidly expanding multi-billion iGaming industry. The online casino features enhanced search engine optimization, machine learning, seamless direct API integrations, faster load times, and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance, and a commitment to excellence. For more information, please visit the High Roller Technologies, Inc. investor relations website, X, Facebook, and LinkedIn pages.
Forward Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contact
[email protected]
800-460-1039
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