NYSE:ROLR
High Roller Reports Q4 and Full Year 2024 Results
Q4 2024 revenue increased 12% YoY to $8.1 million
Active users increased by 40% to 72,000 at the year-end 2024
Ontario market entry in progress with the launch of High Roller in H2, 2025
Las Vegas, Nevada, March 21, 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 fourth quarter and full year financial results for the year ended December 31, 2024. High Roller currently offers more than 4,400 games from over 80 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, “We closed the year with a 12% YoY increase in Q4 revenue and we are taking steps to implement a strategic realignment plan following the successful IPO in October that strengthened our balance sheet. I am confident that we are building a solid foundation to underpin our vision for sustainable, long-term growth as we invest in and execute upon new market expansion, anchored by our High Roller brand and our proven track record of operational excellence.”
Leveraging its expertise in player acquisition, retention, and industry-specific marketing relationships, in 2024 the Company grew its active user base, increased its first-time depositors, and successfully launched Fruta.com into current markets in preparation for further market expansion.
Additionally, High Roller is in the process of applying for a gaming license in Ontario, Canada, where subject to licensure it plans to launch its award-winning online casino brand to the public in H2 2025 and increase its total addressable market by approximately $2 billion.
“As we continue to evolve as an online iCasino operator, I am confident that our premium brand and deep industry expertise are strong tailwinds for us in this dynamic, growing market,” said Clemes.
Full Year 2024 Highlights
| ● | In October 2024, the Company successfully completed its IPO on the NYSE with gross proceeds of $10 million; net proceeds are allocated for expansion, new user acquisition, launching new brands/verticals, and working capital. | |
| ● | Successfully launched Fruta.com in June 2024 as part of High Roller Technologies’ multi-brand strategy. | |
| ● | Successfully exited non-growth markets and reallocated capital to higher growth opportunities and new market expansion, while simultaneously streamlining operational costs. | |
| ● | High Roller was the recipient of the Best Player Retention 2024 Award at the SiGMA Europe B2C Awards, lauding the company’s ability to successfully engage and entertain its customers. | |
| ● | High Roller was honored at the 2024 WN iGaming Summit as Casino Operator of the Year. |
Fourth Quarter & Full Year 2024 Financial Summary
| ● | The Company reported total revenue of $8.1 million for the fourth quarter ended December 31, 2024, an increase of 12%, as compared to $7.2 million during the same quarter that ended December 31, 2023. | |
| ● | The Company reported revenue of $27.9 million for the year ended December 31, 2024, as compared to $29.7 million for the year ended December 31, 2023. | |
| ● | The Company reported a net loss per share of $ (0.30) for the three months ended December 31, 2024, and a net loss per share of $ (0.82) for the year ended December 31, 2024. | |
| ● | The Company made improvements to its balance sheet with increase to cash and cash equivalents position of $6.9 million for FY 2024, compared to $2.1 million for FY 2023 and increases to total asset to $16.6 million up from $11.8 million for the same period in 2023. |
Financial Results
Additional information with respect to the Company’s business, operations and financial condition as of and for the three months and twelve months ended December 31, 2024 is contained in the Company’s Annual Report on Form 10-K for the yearly period ended December 31, 2024, 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 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 dollar 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
800-460-1039
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| For the Three Months Ended | For the Year Ended | |||||||||||||||
| December 31, | December 31, | |||||||||||||||
| (in thousands, except share and per share data) | 2024 | 2023 | 2024 | 2023 | ||||||||||||
| Revenues, net | $ | 8,056 | $ | 7,191 | $ | 27,882 | $ | 29,675 | ||||||||
| Operating expenses | ||||||||||||||||
| Direct operating costs: | ||||||||||||||||
| Related party | 626 | 1,047 | 2,646 | 4,289 | ||||||||||||
| Other | 2,556 | 2,472 | 10,296 | 9,359 | ||||||||||||
| General and administrative: | — | — | ||||||||||||||
| Related party | 7 | 184 | 174 | 493 | ||||||||||||
| Other | 2,020 | 2,825 | 9,189 | 10,037 | ||||||||||||
| Advertising and promotions: | — | — | ||||||||||||||
| Related party | 548 | 79 | 956 | 1,649 | ||||||||||||
| Other | 4,020 | 2,169 | 9,387 | 5,955 | ||||||||||||
| Product and software development: | — | — | ||||||||||||||
| Related party | 15 | 85 | 208 | 242 | ||||||||||||
| Other | 277 | 64 | 818 | 342 | ||||||||||||
| Total operating expenses | 10,069 | 8,925 | 33,674 | 32,366 | ||||||||||||
| Loss from operations | (2,013 | ) | (1,734 | ) | (5,792 | ) | (2,691 | ) | ||||||||
| Other expenses | ||||||||||||||||
| Interest expense, net | (48 | ) | (23 | ) | (125 | ) | (114 | ) | ||||||||
| Other income | (1 | ) | 39 | 1 | — | |||||||||||
| Total other expenses | (49 | ) | 16 | (124 | ) | (114 | ) | |||||||||
| Loss before income taxes | (2,062 | ) | (1,718 | ) | (5,916 | ) | (2,805 | ) | ||||||||
| Income tax expense | 7 | 4 | 7 | 13 | ||||||||||||
| Net loss | $ | (2,069 | ) | $ | (1,722 | ) | $ | (5,923 | ) | $ | (2,818 | ) | ||||
| Other comprehensive (loss) income | ||||||||||||||||
| Foreign currency translation adjustment | (184 | ) | 175 | (167 | ) | 54 | ||||||||||
| Comprehensive loss | $ | (2,253 | ) | $ | (1,547 | ) | $ | (6,090 | ) | $ | (2,764 | ) | ||||
| Net loss per common share: | ||||||||||||||||
| Net loss per common share – basic and diluted | $ | (0.29 | ) | $ | (0.25 | ) | $ | (0.82 | ) | $ | (0.42 | ) | ||||
| Weighted average common shares outstanding – basic and diluted | 7,013,734 | 6,966,841 | 7,248,892 | 6,641,774 | ||||||||||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | As of | |||||||
| December 31, | December 31, | |||||||
| (in thousands, except share and per share data) | 2024 | 2023 | ||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 6,869 | $ | 2,087 | ||||
| Restricted cash | 1,085 | 1,958 | ||||||
| Prepaid expenses and other current assets | 825 | 836 | ||||||
| Total current assets | 8,779 | 4,881 | ||||||
| Due from affiliates | 1,624 | 702 | ||||||
| Deferred offering costs | — | 580 | ||||||
| Property and equipment, net | 372 | 250 | ||||||
| Operating lease right-of-use asset, net | 910 | — | ||||||
| Intangible assets, net | 4,899 | 5,117 | ||||||
| Other assets | 41 | 255 | ||||||
| Total assets | $ | 16,625 | $ | 11,785 | ||||
| Liabilities and stockholders’ equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 1,560 | $ | 686 | ||||
| Accrued expenses | 4,307 | 4,300 | ||||||
| Player liabilities | 662 | 499 | ||||||
| Due to affiliates | 3,406 | 3,972 | ||||||
| Short-term unsecured notes payable to stockholders | 90 | — | ||||||
| Operating lease obligation, current | 143 | — | ||||||
| Total current liabilities | 10,168 | 9,457 | ||||||
| Other liabilities | 7 | 23 | ||||||
| Operating lease obligation, noncurrent | 729 | — | ||||||
| Total liabilities | 10,904 | 9,480 | ||||||
| Stockholders’ equity | ||||||||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — | ||||||
| Common stock, $0.001 par value; 60,000,000 shares authorized; 8,350,882 shares and 6,967,278 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 8 | 7 | ||||||
| Additional paid-in capital | 31,557 | 22,052 | ||||||
| Accumulated deficit | (27,143 | ) | (21,220 | ) | ||||
| Accumulated other comprehensive income | 1,299 | 1,466 | ||||||
| Total stockholders’ equity | 5,721 | 2,305 | ||||||
| Total liabilities and stockholders’ equity | $ | 16,625 | $ | 11,785 | ||||
HIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES
GAAP NET LOSS TO NON-GAAP ADJUSTED EBITDA
| For the Three Months Ended December 31, | ||||||||
| (in thousands) | 2024 | 2023 | ||||||
| Revenues | $ | 8,056 | $ | 7,191 | ||||
| Net loss | (2,069 | ) | (1,722 | ) | ||||
| Add back items: | ||||||||
| Stock-based compensation expense | 300 | 54 | ||||||
| Depreciation and amortization | 71 | 55 | ||||||
| Interest expense, net | 48 | 23 | ||||||
| Issuance of warrants | 250 | — | ||||||
| Foreign exchange transaction loss | 53 | 514 | ||||||
| Income tax provision | 7 | 4 | ||||||
| Adjusted EBITDA | $ | (1,340 | ) | $ | (1,072 | ) | ||
| Adjusted EBITDA margin | (16.63 | )% | (14.91 | )% | ||||
Las Vegas, Nevada, June 25, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of award-winning premium online casino brands High Roller and Fruta, today announced a partnership with onboarding and identity solutions provider Checkin.com to leverage its ID verification products and services in Ontario.
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented, “Checkin offers a flexible, industry-leading product that makes registration and identification fast and easy for our customers. We’re thrilled to expand our working relationship together as High Roller prepares for launch in Ontario.”
Christian Karlsson, Chief Executive Officer at Checkin.com, commented, “We’re happy that we have been selected to provide ID verification and compliance services for High Roller, deepening our already strong collaboration. Our product offering in Ontario has led to fantastic results for our partners, and both of our companies are committed to delivering a world-class product, making this partnership a perfect match.”
High Roller has submitted its license application to enter Ontario’s regulated online casino market, and subject to licensing and approval, the Company anticipates launching live operations in the market in H2 2025.
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.
About Checkin.com
Checkin.com Group, founded in 2017, specializes in creating secure digital environments by helping businesses establish who is on the other side of the screen. The company’s advanced KYC solutions streamline user registration, identification and login processes while also ensuring that their customers meet strict regulatory standards. This is achieved through a variety of advanced technologies that in real time verify user identities, assess ages, and scan official documents with high accuracy. The software also features biometric technologies to provide an extra layer of fraud prevention while enabling seamless experiences for end-users.
By offering a smooth and secure experience for users and flexibility and customer-focus for partners, the software drives both user trust and business growth. The Group is headquartered in Stockholm, Sweden, but operates and recruits globally to attract world-leading talent.
Checkin.com Group’s share is since 2021 listed on Nasdaq First North Growth Market under the trading symbol “CHECK”. The company creates shareholder value and growth through organic growth and strategic acquisitions.
For more information about the company visit: https://group.checkin.com/investors/
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
Las Vegas, Nevada, June 11, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of award-winning premium online casino brands High Roller and Fruta, has partnered with Xpoint to employ its market-leading geolocation and anti-fraud technology in Ontario.
Xpoint’s geolocation technology enables operators like High Roller to meet Ontario’s compliance requirements through accurate location verification and fraud prevention. High Roller will be powered by Playtech’s platform, on which Xpoint’s services are fully integrated.
High Roller has submitted its license application to enter Ontario’s regulated online casino market, and subject to licensing and approval, the Company anticipates launching live operations in the market in H2 2025.
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented: “We are committed to operating a premium product in the market and Xpoint’s technology is best-in-class. Xpoint’s commitment to serving and innovating within the gaming industry is impressive, and we’re thrilled to partner with them as we work towards our launch in Ontario.”
Manu Gambhir, Chief Executive Officer at Xpoint, said: “We are impressed with High Roller’s commitment to working with industry-leading partners, and we’re excited about their future growth prospects. We’re looking forward to working with High Roller in Ontario.”
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.
About Xpoint:
Xpoint provides essential geolocation security solutions to global sports betting, iGaming, lottery, sweepstakes, and daily fantasy industries. Backed by top venture capital groups in online gaming, Xpoint is rapidly expanding its client roster. For more information, visit xpoint.tech and follow Xpoint on LinkedIn for regular updates.
Contact: [email protected]
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
800-460-1039
NYSE:ROLR
High Roller Receives Notice of Non-Compliance with NYSE American Continued Listing Standards
- Company plans to submit plan of compliance, confident it will demonstrate regained compliance with continued listing standards
Las Vegas, Nevada, June 06, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of award-winning premium online casino brands High Roller and Fruta, provides an update regarding the status of its ongoing compliance with the listing standards of the NYSE American.
On June 4, 2025, the Company was notified by NYSE American LLC that due to reporting of stockholders’ equity of approximately $2.8 million, the Company no longer meets the requirement that it must have no less than $4 million or more in stockholders’ equity pursuant to the continued listing standards set forth under Section 1003(a)(ii) of the NYSE American Company Guide (the “Company Guide”) because the Company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2024 and the Company does not qualify for an exemption under Section 1003(a) of the Company Guide.
The Company must by July 4, 2025, submit a compliance plan that demonstrates how it intends to regain compliance with the continued listing standards within 18 months of the receipt of the notice, or December 4, 2026. The Company intends to develop and submit to the NYSE American such a plan. If the NYSE American does not accept the plan, or if the Company does not make progress consistent with the plan during the plan period, the NYSE American will initiate delisting procedures. If the NYSE American accepts the plan the Company will be subject to periodic reviews including quarterly monitoring for compliance with the plan.
During this period, the Company’s common stock will continue to be listed on the NYSE American and trade as usual subject to compliance with other NYSE American listing requirements.
High Roller is confident that it will submit a plan acceptable to the NYSE American within the requisite time period, and that it will promptly be able to demonstrate that it has regained compliance with the continued listing standards. However, there can be no assurance that our plan will be accepted by the NYSE or that we will regain compliance.
Ben Clemes, Chief Executive Officer at High Roller Technologies, said, “This matter of corporate administration was anticipated, and as such we have made the relevant filings and notifications consistent with the requirements of the NYSE. High Roller is in a transformative period, execution against our company strategy is on course, and we are highly confident that this will be resolved promptly.”
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 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
800-460-1039
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