SwingTrade Member Forum

[Trent Blair]

GLXZ Nice quarter. http://finance.yahoo.com/news/galaxy-gaming-reports-q-2-200306397.html
Q-2 2016 vs. Q-2 2015

Revenue of $3,064K increased 14%
Adjusted EBITDA of $1,311K increased 56%
Pre-tax gain of $609K increased 387%
Net income of $378K increased 427%

Q-2 2016 vs. Q-1 2016

Revenue of $3,064K increased 3%
Adjusted EBITDA of $1,311K increased 6%
Pre-tax gain of $609K increased 14%
Net income of $378K decreased less than 1%

“The seeds for growth we previously sowed are now being harvested. As evidenced by this record-breaking quarter, our core business continues to build, thus enhancing our ultra-high margin recurring revenue stream. This performance allows us to continue to pay down our long-term debt whilst reinvesting for further growth. At this halfway point, we remain convinced that 2016 will be our best year ever.

Mr. Saucier continued, “It is also evident from these numbers that our business model is extremely scalable. For example, the 15% increase in year-to-date revenues resulted in a 463% increase in net income. Another way to look at it is that of the $781K additional revenue realized in the first half of 2016, 80% of those dollars dropped to the bottom line.”