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High Roller Reports Q4 and Full Year 2024 Results

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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.”

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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

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  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.

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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

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800-460-1039

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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 )%

NYSE:ROLR

High Roller Launches New Online Casino Brand in Finland

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New localized casino brand Kassuuu embraces Finnish-slang, culture, and player-first entertainment 

Las Vegas, Nevada, Sept. 04, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced the launch of Kassuuu, a new online casino brand developed specifically for the Finnish market.

The brand’s name is drawn from Finnish slang: Kassu means casino, while KASSUUU! evokes the triumphant cheer of victory. This spirit is embodied in the Kassuuu Jackpot, a unique branded feature available on selected games, designed to amplify excitement while remaining clearly presented to players.

“Kassu means casino, and KASSUUU is what you yell when a jackpot lands,” said Sara Nunes, Managing Director & Chief Commercial Officer, Finland. “We built the brand to capture that moment of excitement while keeping everything else straightforward with plain language offers, responsible gaming features, and jackpots that earn the triple U.”

Kassuuu differentiates itself in Finland’s iGaming market with:

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  • Localized experience: Finnish language and humor
  • Story-driven engagement: Weekly promotional cadence featuring recurring characters (Eetu, Sami, Rane, and Otto) that set a clear rhythm for offers.
  • Trusted payments: Fast, secure, and locally familiar payment solutions
  • Premium positioning: “Everyday luxury” as the guiding principle for VIP and player rewards
  • Responsible play: Transparent terms, visible limits, and prominent support links.

Kassuuu’s tone combines clarity and approachability with a strong emphasis on trust. By embedding responsible play and plain-language communication into its platform, High Roller aims to establish Kassuuu as a safe, transparent, and engaging choice for Finnish players.

“Launching Kassuuu is an important milestone in High Roller’s commitment to providing localized entertainment experiences,” added Nunes. “We’re excited to bring a brand to Finland that not only reflects the local culture and humor, but also builds lasting trust with our valued customers.”

About High Roller Technologies, Inc.

High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High RollerFruta, and Kassuuu, 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 6,000 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

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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 June 30, 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

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High Roller Names Seth Young CEO in Planned Leadership Transition

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Las Vegas, Nevada, Aug. 27, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that its Board of Directors has named Seth Young as the Company’s next Chief Executive Officer in a planned leadership transition effective September 1st, succeeding Ben Clemes.

Mr. Clemes, who has served as CEO since 2024, is stepping down from his role to devote more time to his family. Under his leadership, High Roller achieved a long list of accomplishments, and Clemes leaves the company well-positioned for its next chapter of growth.

“It has been an honor and a privilege to serve as High Roller’s CEO, and my decision to step away comes at a time when the Company is healthy,” said Clemes. “I’m proud of what we have accomplished together and I’m confident that Seth is the right leader to guide High Roller forward. I’m looking forward to focusing more on my family while knowing that the business is in strong hands.”

Mr. Young, who previously served as Chief Strategy Officer at High Roller, has been working closely with Mr. Clemes and the leadership team to ensure a smooth transition. He brings more than 20 years of experience in gaming to the role, and is recognized for his vision, operational discipline, and leadership.

“I want to thank Ben for his dedication, his achievements, and his thoughtful approach to this transition,” said Young. “Because of his leadership, the Company is positioned for growth and success, and I’m excited to continue building on the foundation he built to drive future growth and value for our shareholders, employees, and customers.”

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The Board of Directors expressed its appreciation for Mr. Clemes’ tenure as CEO and his contributions to the Company’s success.

“Ben has been an outstanding leader who guided High Roller through critical growth phases and positioned the Company for long-term success,” said Michael Cribari, Chairman. “We are grateful for his service and for ensuring a seamless transition. We’re thrilled to welcome Seth to the role of CEO with full confidence in his ability to lead High Roller into the future.”

Prior to joining High Roller, Young served as Chief Innovation Officer at PointsBet where he was responsible for strategic corporate development efforts including fundraising, partnerships, government and regulatory affairs, product development, M&A initiatives, and more. Young previously served as Chief Operating Officer at FSG Digital, Executive Director of Online Gaming at Foxwoods Resort Casino, and other executive roles throughout his career. Young currently serves on the board of directors for Kinectify, EQL Games, and Kindbridge Behavioral Health.

Young was the recipient of the Innovation Group’s 2018 Emerging Leaders of Gaming Award and was named to Global Gaming Business Magazine’s 40 Under 40 in the same year. Young holds a Bachelor’s degree in Political Science, with a double minor in Internet Studies and Legal Studies, from Brandeis University, and attended Harvard Business School for Mergers and Acquisitions, Strategy, Execution, and Post-Merger Management.

About High Roller Technologies, Inc.

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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 6,000 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 June 30, 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

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High Roller Announces NYSE Acceptance of Plan to Regain Listing Compliance

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Las Vegas, Nevada, Aug. 22, 2025 (GLOBE NEWSWIRE) — High Roller Technologies (“High Roller” and the “Company”) (NYSE: ROLR), operator of the award-winning, premium online casino brands High Roller and Fruta, today announced that the Company’s plan to regain compliance with NYSE American’s continued listing standards had been accepted by the NYSE American LLC.

On June 4, 2025, the Company was notified by NYSE American LLC that, due to the Company’s reporting of stockholders’ equity of approximately $2.8 million at March 31, 2024, and the Company’s reported losses from continuing operations and/or net losses in three of its four most recent fiscal years ended December 31, 2024, the Company was not in compliance with the NYSE American’s continued listing requirements.

The Company was required to submit a plan to NYSE American by July 4, 2025, addressing how it intends to regain compliance with the continued listing standards with Sections 1003(a)(i), 1003(a)(ii), and 1003(a)(iii) of the Company Guide within 18 months of the receipt of the notice, or December 4, 2026. The Company submitted a plan prior to the deadline.

On August 19, 2025, the Company received notice from NYSE American that it had accepted the Company’s plan and granted a plan period through December 4, 2026. During the plan period, the Company will be subject to periodic monitoring for compliance with the plan. If the Company does not regain compliance with NYSE American’s listing standards by December 4, 2026, or if the Company does not make progress consistent with its plan, then NYSE American may initiate delisting proceedings.

The Company’s stock will continue to be listed on the NYSE American during the plan period pursuant to an extension. The Company’s receipt of such notification from the NYSE American does not affect the Company’s business, operations, or reporting requirements with the U.S. Securities and Exchange Commission.

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The Company can provide no assurances that it will be able to make progress with respect to its plan that NYSE American will determine to be satisfactory, that it will regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period, or that developments and events occurring subsequent to the Company’s formulation of the plan or its acceptance by the NYSE American will not adversely affect the Company’s ability to make sufficient progress and/or regain compliance with Section 1003(a)(ii) of the Company Guide on or before the expiration of the plan period or result in the Company’s failure to be in compliance with other NYSE American continued listing standards.

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 5,600 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

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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 June 30, 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
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800-460-1039

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