2022 Q3 Form 10-Q Financial Statement

#000149315222023014 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $32.12M $34.97M $37.49M
YoY Change -0.46% 1.8% 34.67%
Cost Of Revenue $9.435M $10.46M $11.70M
YoY Change -12.65% 1.03% 34.17%
Gross Profit $22.69M $24.50M $25.79M
YoY Change 5.67% 2.13% 34.91%
Gross Profit Margin 70.63% 70.08% 68.8%
Selling, General & Admin $16.94M $20.96M $15.49M
YoY Change -8.64% 17.72% 9.78%
% of Gross Profit 74.68% 85.52% 60.05%
Research & Development $4.998M $5.188M $8.954M
YoY Change -8.99% 7.43% 84.62%
% of Gross Profit 22.03% 21.17% 34.71%
Depreciation & Amortization $5.893M $6.556M $4.413M
YoY Change 29.23% 58.66% 11.36%
% of Gross Profit 25.98% 26.75% 17.11%
Operating Expenses $16.94M $20.96M $28.86M
YoY Change -40.76% 17.72% 104.51%
Operating Profit -$5.148M -$37.77M -$3.063M
YoY Change -27.8% 1264.94% -19.44%
Interest Expense $1.450M $1.080M $9.000K
YoY Change
% of Operating Profit
Other Income/Expense, Net $13.00K $270.0K
YoY Change
Pretax Income -$6.585M -$38.58M -$4.113M
YoY Change -7.64% 1294.22% 8.24%
Income Tax $356.0K -$229.0K $386.0K
% Of Pretax Income
Net Earnings -$6.941M -$38.35M -$4.499M
YoY Change -20.02% 920.19% -19.8%
Net Earnings / Revenue -21.61% -109.67% -12.0%
Basic Earnings Per Share -$0.16 -$0.91 -$0.11
Diluted Earnings Per Share -$164.3K -$906.6K -$106.5K
COMMON SHARES
Basic Shares Outstanding 42.08M shares 42.30M shares 42.25M shares
Diluted Shares Outstanding 42.24M shares 42.30M shares 42.25M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.79M $49.08M $33.58M
YoY Change -16.93% -5.78% -35.66%
Cash & Equivalents $41.79M $49.08M $33.58M
Short-Term Investments
Other Short-Term Assets $3.503M $2.574M $7.763M
YoY Change -26.88% 22.63% 126.79%
Inventory
Prepaid Expenses $4.432M $4.468M
Receivables $13.14M $11.23M $7.840M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $62.86M $67.35M $49.19M
YoY Change 0.6% -1.74% -30.09%
LONG-TERM ASSETS
Property, Plant & Equipment $2.548M $2.433M
YoY Change
Goodwill $99.09M $105.7M
YoY Change -31.58%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.336M $4.514M $9.691M
YoY Change -66.69% -40.97% 146.84%
Total Long-Term Assets $167.2M $178.7M $201.5M
YoY Change -21.81% -17.03% -3.42%
TOTAL ASSETS
Total Short-Term Assets $62.86M $67.35M $49.19M
Total Long-Term Assets $167.2M $178.7M $201.5M
Total Assets $230.1M $246.0M $250.7M
YoY Change -16.74% -13.34% -10.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.331M $6.268M $5.775M
YoY Change 36.24% 51.18% 33.4%
Accrued Expenses $2.674M $3.343M $12.27M
YoY Change -81.31% -38.15% 178.07%
Deferred Revenue $8.946M $570.0K
YoY Change -1.89%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.67M $27.43M $30.02M
YoY Change -19.96% -4.22% 16.69%
LONG-TERM LIABILITIES
Long-Term Debt $27.86M $27.67M $0.00
YoY Change
Other Long-Term Liabilities $1.517M $1.354M $1.880M
YoY Change -11.6% 192.44% 236.31%
Total Long-Term Liabilities $1.517M $1.354M $1.880M
YoY Change -11.6% 192.44% 236.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.67M $27.43M $30.02M
Total Long-Term Liabilities $1.517M $1.354M $1.880M
Total Liabilities $77.74M $77.01M $33.66M
YoY Change 108.92% 146.06% 18.28%
SHAREHOLDERS EQUITY
Retained Earnings -$127.2M -$120.2M
YoY Change 126.98%
Common Stock $327.8M $325.3M
YoY Change 77341.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $152.4M $169.0M $217.0M
YoY Change
Total Liabilities & Shareholders Equity $230.1M $246.0M $250.7M
YoY Change -16.74% -13.34% -10.15%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$6.941M -$38.35M -$4.499M
YoY Change -20.02% 920.19% -19.8%
Depreciation, Depletion And Amortization $5.893M $6.556M $4.413M
YoY Change 29.23% 58.66% 11.36%
Cash From Operating Activities $628.0K -$2.163M -$2.024M
YoY Change -135.14% -129.68% -51.17%
INVESTING ACTIVITIES
Capital Expenditures -$5.004M -$3.022M -$3.988M
YoY Change 40.72% -24.64% -1036.15%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$5.500M $0.00
YoY Change -100.0% 56.96% -100.0%
Cash From Investing Activities -$5.004M -$8.522M -$3.988M
YoY Change 4620.75% 13.57% -95.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 493.0K 26.97M
YoY Change 6.71% -87083.87%
NET CHANGE
Cash From Operating Activities 628.0K -2.163M -2.024M
Cash From Investing Activities -5.004M -8.522M -3.988M
Cash From Financing Activities 493.0K 26.97M
Net Change In Cash -3.883M 16.28M $0.00
YoY Change 171.35% -6664.52% -100.0%
FREE CASH FLOW
Cash From Operating Activities $628.0K -$2.163M -$2.024M
Capital Expenditures -$5.004M -$3.022M -$3.988M
Free Cash Flow $5.632M $859.0K $1.964M
YoY Change 218.37% -92.4% -142.97%

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CY2022Q1 GAN Adjustments To Additional Paid In Capital Accrued Liability Settled Through Issuance Of Shares
AdjustmentsToAdditionalPaidInCapitalAccruedLiabilitySettledThroughIssuanceOfShares
444000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
395000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
169006000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
155564000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-5610000 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9478000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1632000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
106683000 usd
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
297000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
315000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
249403000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-3759000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2443000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2319000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
22000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
217034000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-38349000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12196000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2659000 usd
CY2022Q2 GAN Adjustments To Additional Paid In Capital Accrued Liability Settled Through Issuance Of Shares
AdjustmentsToAdditionalPaidInCapitalAccruedLiabilitySettledThroughIssuanceOfShares
469000 usd
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1006000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
250428000 usd
us-gaap Net Income Loss
NetIncomeLoss
-42848000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9369000 usd
GAN Amortization Of Software And Intangible Assets
AmortizationOfSoftwareAndIntangibleAssets
10265000 usd
GAN Amortization Of Software And Intangible Assets
AmortizationOfSoftwareAndIntangibleAssets
7624000 usd
us-gaap Depreciation
Depreciation
704000 usd
us-gaap Depreciation
Depreciation
502000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3678000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3951000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28861000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-253000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
101000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-139000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3110000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5354000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1029000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-342000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-529000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-573000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2363000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-97000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1203000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-2094000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3251000 usd
GAN Payment Of Content Licensing Fee
PaymentOfContentLicensingFee
3500000 usd
GAN Proceeds From Payments To Acquire Intangible Assets
ProceedsFromPaymentsToAcquireIntangibleAssets
-16000 usd
GAN Proceeds From Payments To Acquire Intangible Assets
ProceedsFromPaymentsToAcquireIntangibleAssets
-207000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
692000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1093000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12510000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
1804000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1147000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2500000 usd
GAN Increase Decrease In Amounts Due To Customers In Game Virtual Credit Purchases
IncreaseDecreaseInAmountsDueToCustomersInGameVirtualCreditPurchases
-546000 usd
GAN Increase Decrease In Amounts Due To Customers In Game Virtual Credit Purchases
IncreaseDecreaseInAmountsDueToCustomersInGameVirtualCreditPurchases
2204000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-359000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-959000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
759000 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
1177000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4187000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3137000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
92404000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
6302000 usd
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
5320000 usd
GAN Payment Of Content Licensing Fee
PaymentOfContentLicensingFee
5500000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102524000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
604000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
396000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
337000 usd
GAN Payments For Proceeds From Principal Payments On Finance Leases
PaymentsForProceedsFromPrincipalPaymentsOnFinanceLeases
-54000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1006000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2425000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
26965000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-321000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-670000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-860000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
9598000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-100568000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39477000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
152654000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
49075000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52086000 usd
GAN Intangible Assets Acquired In Business Acquisition
IntangibleAssetsAcquiredInBusinessAcquisition
26244000 usd
GAN Ordinary Shares Issued As Partial Consideration To Acquire All Outstanding Shares
OrdinarySharesIssuedAsPartialConsiderationToAcquireAllOutstandingShares
106683000 usd
GAN Issuance Of Unvested Share Options In Exchange For Unvested Share Options
IssuanceOfUnvestedShareOptionsInExchangeForUnvestedShareOptions
297000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
126000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1178000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
172000 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
457000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zlSHveyAqmXi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_867_z4Si0BLu06S">Concentration of Credit Risk</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of its cash and trade receivables. At June 30, 2022, the Company held cash deposits in foreign countries, primarily in Northern Europe and Latin America, of approximately $<span id="xdx_903_eus-gaap--Deposits_iI_pn5n6_c20220630__srt--StatementGeographicalAxis__custom--NorthernEuropeAndLatinAmericaMember_zDjnq3Ac8Td9" title="Cash FDIC insured amount">39.7</span> million, which are subject to local banking laws and may bear higher or lower risk than cash deposited in the United States. Cash held in the United States is maintained in a major financial institution in excess of federally insured limits. As part of our cash management processes, the Company performs periodic evaluations of the credit standing of the financial institutions and we have not sustained any credit losses from instruments held at these financial institutions. Additionally, the Company maintains an allowance for potential credit losses, but historically has not experienced any significant losses related to individual customers or groups of customers in any particular geographic area.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zSyVTPXQiLNl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 — <span id="xdx_828_zgyjXE2seOa6">NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">GAN Limited (the “Parent,” and with its subsidiaries, collectively the “Company”) is an exempted company limited by shares, incorporated and registered in Bermuda. GAN plc, the previous parent, began its operations in the United Kingdom (“U.K.”) in 2002 and listed its ordinary shares on the AIM, the London Stock Exchange’s market for smaller companies, in 2013. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">On January 1, 2021, the Company acquired all of the outstanding shares of Vincent Group p.l.c. (“Vincent Group”), a Malta public limited company doing business as “Coolbet”. Coolbet is a developer and operator of an online sports betting and casino platform that is accessible through its website in markets across Northern Europe, Latin America and Canada.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The Company is a business-to-business (“B2B”) supplier of a proprietary gaming system, GameSTACK™ (“GameSTACK”), which is used predominately in the U.S. land-based casino industry. For its B2B customers, GameSTACK is a turnkey technology solution for regulated real money internet gambling (“real money iGaming” or “RMiG”), online sports gaming, and virtual simulated gaming (“SIM”). The Company is also a business-to-consumer (“B2C”) developer and operator of an online sports betting and casino platform, providing international users with access through www.coolbet.com to its sportsbook, casino games and poker products. The Company operates in <span id="xdx_90C_eus-gaap--NumberOfOperatingSegments_pid_dc_uInteger_c20220101__20220630_zPitRoHybaU" title="Number of operating segments">two</span> operating segments – B2B and B2C.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 integer
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_z8V5bH8jZDil" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_zAQjYjf2GwHi">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Due to the inherent uncertainties involved in making estimates, actual results could differ from the original estimates, and may require significant adjustments to these reported balances in future periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
11544000 usd
CY2022Q2 us-gaap Goodwill
Goodwill
105737000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28900000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
311000 usd
CY2022Q2 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
968000 usd
CY2021Q4 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
2171000 usd
CY2022Q2 GAN Number Of Third Party Gaming Products Available
NumberOfThirdPartyGamingProductsAvailable
3100 integer
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4989000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2802000 usd
CY2022Q2 GAN Contract With Customer Liability To User Current
ContractWithCustomerLiabilityToUserCurrent
7754000 usd
CY2021Q4 GAN Contract With Customer Liability To User Current
ContractWithCustomerLiabilityToUserCurrent
8984000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
28900000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2444000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2433000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2545000 usd
CY2022Q2 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
303000 usd
CY2021Q2 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
239000 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
614000 usd
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_841_eus-gaap--LossContingencyDisclosures_zLdbp6tjvDq6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i><span id="xdx_861_zDUoUCowYKdk">Legal Contingencies and Litigation Accruals</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">On a quarterly basis, the Company assesses potential losses in relation to pending or threatened legal matters. If a loss is considered probable and the amount can be reasonably estimated, the Company recognizes an expense for the estimated loss. Estimates of any such loss are subjective in nature and require the evaluation of numerous facts and assumptions as to future events, including the application of legal precedent which may be conflicting. To the extent these estimates are more or less than the actual liability resulting from the resolution of these matters, the Company’s financial results will increase or decrease accordingly.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>GAN LIMITED</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(in thousands, except share and per share amounts)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
4369000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
146142000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28861000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 integer
GAN Present Value Of Future Fixed Fee Payments
PresentValueOfFutureFixedFeePayments
18808000 usd
GAN Net Assets Recognized Under Original Agreement
NetAssetsRecognizedUnderOriginalAgreement
3067000 usd
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
4369000 usd
GAN Intangible Assets Acquired In Business Acquisition
IntangibleAssetsAcquiredInBusinessAcquisition
26244000 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
26244000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5235000 usd
CY2022Q2 GAN Capitalized Computer Software Gross Excluding Development In Progress
CapitalizedComputerSoftwareGrossExcludingDevelopmentInProgress
29543000 usd
CY2021Q4 GAN Capitalized Computer Software Gross Excluding Development In Progress
CapitalizedComputerSoftwareGrossExcludingDevelopmentInProgress
26127000 usd
CY2022Q2 GAN Capitalized Computer Software In Progress Development
CapitalizedComputerSoftwareInProgressDevelopment
5281000 usd
CY2021Q4 GAN Capitalized Computer Software In Progress Development
CapitalizedComputerSoftwareInProgressDevelopment
5910000 usd
CY2022Q2 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
34824000 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
32037000 usd
CY2022Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
18777000 usd
CY2021Q4 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
17607000 usd
CY2022Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
16047000 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
14430000 usd
CY2022Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1953000 usd
CY2021Q2 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
901000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
3115000 usd
us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1661000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
71221000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18851000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
52370000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48910000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13017000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
35893000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4230000 usd
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2968000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7150000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5963000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8341000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16666000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6437000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6425000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4924000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9577000 usd
CY2022Q2 GAN Accrued Licensing Fees Current
AccruedLicensingFeesCurrent
1603000 usd
CY2021Q4 GAN Accrued Licensing Fees Current
AccruedLicensingFeesCurrent
2402000 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
838000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1400000 usd
CY2022Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
240000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
245000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
662000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
622000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3343000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4669000 usd
CY2022Q2 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
968000 usd
CY2021Q4 GAN Amounts Due To Customers Current
AmountsDueToCustomersCurrent
2171000 usd
CY2022Q2 GAN Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
415000 usd
CY2021Q4 GAN Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
472000 usd
CY2022Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
570000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
261000 usd
CY2022Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
917000 usd
CY2021Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
247000 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2870000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3151000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
30000000.0 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.095 pure
CY2022Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2026-10-26
CY2022Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
2400000 usd
CY2022Q2 us-gaap Line Of Credit
LineOfCredit
27600000 usd
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1840000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1874000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1083000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1421000 usd
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1811000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1421000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.1387 pure
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
30000000 usd
CY2022Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
-2330000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
27670000 usd
CY2022Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
664000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
664000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4138215 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.05
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
11229000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
910563 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.03
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
125416 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.29
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
763061 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
17.71
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4160301 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.87
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y9M14D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3203000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2370373 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
7.47
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y5M19D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1565000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.89
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.10
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1811000 usd
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
459000 usd
CY2021Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
103000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
635000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
89000 usd
CY2022Q2 GAN Operating Income Loss Excluding Depreciation And Amortization
OperatingIncomeLossExcludingDepreciationAndAmortization
24504000 usd
CY2021Q2 GAN Operating Income Loss Excluding Depreciation And Amortization
OperatingIncomeLossExcludingDepreciationAndAmortization
23994000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61468000 usd
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5835801000 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4420671000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5835801000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4420671000 shares
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34350000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61468000 usd
CY2022Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2095000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34350000 usd
CY2022Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
10463000 usd
CY2021Q2 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
10356000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
22163000 usd
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
19075000 usd
GAN Operating Income Loss Excluding Depreciation And Amortization
OperatingIncomeLossExcludingDepreciationAndAmortization
50298000 usd
GAN Operating Income Loss Excluding Depreciation And Amortization
OperatingIncomeLossExcludingDepreciationAndAmortization
42393000 usd
CY2022Q2 GAN Segment Gross Profit
SegmentGrossProfit
24504000 usd
CY2021Q2 GAN Segment Gross Profit
SegmentGrossProfit
23994000 usd
GAN Segment Gross Profit
SegmentGrossProfit
50298000 usd
GAN Segment Gross Profit
SegmentGrossProfit
42393000 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
7267000 usd
CY2021Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5480000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13365000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9581000 usd
CY2022Q2 GAN Product And Technology Expense
ProductAndTechnologyExpense
5188000 usd
CY2021Q2 GAN Product And Technology Expense
ProductAndTechnologyExpense
4829000 usd
GAN Product And Technology Expense
ProductAndTechnologyExpense
14142000 usd
GAN Product And Technology Expense
ProductAndTechnologyExpense
10072000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13688000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12320000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23080000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22329000 usd
CY2022Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28861000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28861000 usd
CY2022Q2 us-gaap Restructuring Costs
RestructuringCosts
712000 usd
us-gaap Restructuring Costs
RestructuringCosts
1771000 usd
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
6556000 usd
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4132000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10969000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8126000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
1080000 usd
us-gaap Interest Expense
InterestExpense
1071000 usd
us-gaap Interest Expense
InterestExpense
1000 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
270000 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
270000 usd
CY2022Q2 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-38578000 usd
CY2021Q2 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-2767000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-42691000 usd
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-7716000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34350000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61468000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34967000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34350000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72461000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61468000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.006 pure
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.359 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.004 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.214 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0 pure
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
700000 usd
us-gaap Restructuring Charges
RestructuringCharges
1800000 usd
CY2022Q2 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
25000000.0 usd
CY2022Q2 GAN Payment Of Contractual Obligation
PaymentOfContractualObligation
5500000 usd

Files In Submission

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