High Roller Technologies Inc. Plans to File its Third Quarter Form 10-Q Within 45-Days of the Effective Date of its IPO Registration Statement, as Permitted by Exchange Act Rules

Rhea-AI Summary

High Roller Technologies (NYSE American: ROLR) reported unaudited Q3 2024 revenue of $7.52 million, marking a 30% increase from Q2's $5.80 million. The company, which operates HighRoller.com and Fruta.com in the online gaming sector, attributes this growth to its pre-IPO strategy focusing on cost optimization and efficient marketing. Following its IPO effectiveness on October 24, 2024, High Roller plans to file its Q3 Form 10-Q by December 6, 2024, as permitted by Exchange Act Rules.

Positive

• 30% quarter-over-quarter revenue growth from $5.80M to $7.52M
• Successful execution of pre-IPO cost optimization strategy
• Recent IPO completion and NYSE American listing

Negative

• Financial results are unaudited
• Complete financial metrics not yet disclosed

Insights

Financial Analyst

The quarterly revenue growth of 30% from $5.80 million to $7.52 million demonstrates robust momentum for this newly public online gaming company. The sequential growth rate is particularly impressive for the gaming sector, where typical quarter-over-quarter growth rates average 5-10%.

However, investors should note that without full financial disclosures, including cost structures and profit margins, it's premature to assess the company's overall financial health. The $49.4 million market cap suggests this is a small-cap growth play in the competitive online gaming space. The delayed 10-Q filing, while permitted under SEC rules for newly public companies, means investors are operating with financial visibility until the complete quarterly report is filed in December.

Exchange Act Rules 13a-13(a) and 15d-13(a), Estimated on or Before December 6, 2024

Company Pre-announces Consecutive Q3 over Q2 Revenue Growth of 30%

Las Vegas, Nevada, Nov. 14, 2024 (GLOBE NEWSWIRE) -- High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of www.HighRoller.com and www.Fruta.com, each a premium brand in online gaming and a destination for high rollers, today reported unaudited top-line revenue of $7.52 million for the third quarter ending September 30, 2024, reflecting a 30% increase over the previous quarter’s revenue of $5.80 million.

“This significant quarter-over-quarter revenue growth reflects the success of our pre-IPO strategy, focused on cost optimization and efficient marketing channels with strong returns,” commented Ben Clemes, CEO of High Roller Technologies.

Beyond topline revenue growth, the Company’s quarterly report on Form 10-Q will provide further disclosure of unaudited interim revenue and expenses recognized during the period to enable investors to evaluate the business’s performance during the periods presented.

In accordance with Exchange Act Rules 13a-13 and 15d-13, the Company’s first interim financial results, filed on Form 10-Q, following the effectiveness of its registration statement on October 24, 2024 and subsequent closing of its initial public offering, is due the later of 45 days after the effective date or the date the Form 10-Q would otherwise be due. The Company accordingly intends to file its unaudited quarterly report for the quarter end September 30, 2024 on or before Friday, December 6, 2024.

About High Roller Technologies, Inc.

High Roller Technologies, Inc. operates as a global online gaming operator. The Company offers a compelling real money online casino platform with enhanced search engine optimization, direct API integrations, faster load times, and better scalability. High Roller Technologies serves customers worldwide.

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:

ir@highroller.com
800-460-1039

FAQ

What was High Roller Technologies (ROLR) Q3 2024 revenue?

High Roller Technologies reported unaudited Q3 2024 revenue of $7.52 million, representing a 30% increase from Q2 2024 revenue of $5.80 million.

When will High Roller Technologies (ROLR) file its Q3 2024 Form 10-Q?

High Roller Technologies plans to file its Q3 2024 Form 10-Q on or before December 6, 2024, within 45 days of its IPO registration statement's effective date.

What websites does High Roller Technologies (ROLR) operate?

High Roller Technologies operates HighRoller.com and Fruta.com, which are premium brands in online gaming.