Gan Share Discussion Threads

[mylands] 18/5/2021 14:39

SP being hammered once again. Oh for the good times on AIM!

[rivaldo] 18/5/2021 13:36

"Gan Limited raises FY21 revenue view to $103M-$108M from $100M-$105M 16:02 GAN Consensus $102.24M. Karen Flores, CFO added:"Our first quarter financial results exceeded our expectations, and the outlook remains positive for the balance of 2021. We are increasing our full year revenue guidance to a range of $103 million to $108 million. As we gain scale, become more efficient, and move through a period of significant investment for growth, we anticipate to drive improved profitability. These factors will yield better operating leverage across the business over the long-term and further bolster our strong financial position as we execute our growth strategy, support new and existing customer launches and launch the B2C sports book technology later this year."

"Gan Limited to obtain exclusive online rights to future Ainsworth online games 16:05 GAN Gan Limited announced it has reached an agreement with Ainsworth Game Technology Limited to obtain the exclusive online rights to all current and future Ainsworth online games, today comprising over seventy unique games, for an undisclosed amount.

Jeff Berman, Chief Commercial Officer of GAN, said, "Today's announcement recognizes the benefit of marrying our distribution to Ainsworth's content and is an important step toward disrupting existing distribution channels in the U.S. online gaming space. This agreement ensures that GAN possesses differentiated and exclusive access to what we believe will be an ever-growing focus on recognized retail gaming content naturally sought-after by Americans engaged in playing online casino games. Our goal is to continue to build a leading portfolio of U.S. casino games to benefit our diverse clients and establish ourselves as exclusive providers of premier U.S. content.

We are excited to extend our long-standing relationship with Ainsworth, as they have built a global reputation for developing award-winning games for both the online and land-based channels."

[mylands] 18/5/2021 09:28

For the second time in two months, the company has missed the the consensus earnings forecast. This time it was EPS of -$0.02 and the actual number was -$0.11.

There is good news such as revenue above estimates, so let's hope this 'steadies the ship' after the fall from $30 in February.

[napoleon 14th] 18/5/2021 00:56

Happy with that.
Hope share price reacts + over the rest of the week.

[daveme] 17/5/2021 22:53

Another interesting nugget was the mention of Fanduel casino going live in West Virginia at the beginning of May.

I would have thought a mention on GAN's twitter feed would at least have been warranted rather than the endless mentions of such and such religious day which, as Doc_S on Stocktwits commented, can only lead to rancour.

[daveme] 17/5/2021 22:33

Interesting that GAN is considering putting in an application for one of the two New York platform provider licences. One assumes if they win it then it could mean decent revenues for GAN, albeit I suspect a lot of work.

[blueflame] 17/5/2021 21:56

Presentation now up. https://investors.gan.com/download/companies/270140a/Presentations/2021%20Q1%20Earnings%20Deck%20-%20FINAL.pdf

[john09] 17/5/2021 21:53

Dont blame you tvh 👍

[john09] 17/5/2021 21:53

Increasing revenue guidance by a hairs thickness

Ive heard enough. Still not my cup of tea. Will they turn a profit on $108m revenue?

Hopefully a good reaction in coming days although we are down 4% as hes speaking. We know that doesnt mean too much. Capable of a +20% day from nowhere

[tvh123] 17/5/2021 21:50

Ha - much prefer to read the transcript in the morning

[molatovkid] 17/5/2021 21:48

'Coolbet offers a dual growth platform with our anticipated launch of their B2B sportsbook engine in the U.S. later this year '

[tvh123] 17/5/2021 21:44

It has - revenue in Q1 last year was $7.7m - increased to $13.5m in Q1 2021

[john09] 17/5/2021 21:40

Has it grown without coolbet?

[molatovkid] 17/5/2021 21:28

US Coolbet revenues still to kick in also

[tvh123] 17/5/2021 21:23

Should see a return to $20 on the back of that update. Feels like they're being very cautious with revenue guidance, won't be surprised to see another upgrade at H1

[john09] 17/5/2021 21:05

Ebidta down and profit down

[john09] 17/5/2021 21:02

Ahead

Revenues of $27.8 million Versus $24.8m concensus

[john09] 17/5/2021 17:44

This needs to beat its quarterly forecast . It reiterated its forecast well into the current quarter . No surprises

Let’s see

[tomstokes] 17/5/2021 16:00

Been in here for some time and happy to wait.
My feeling is this will be taken over in time as this is a fast growing industry in the states.
The Smurfit family have a wonderful track record in Irish business and have sizeable holdings in this company.
They are not short term players and will manage this business well but in the end will receive an offer they cant refuse, which will be in best interests of all shareholders.
This is a personal opinion DYOR.

[john09] 17/5/2021 15:35

He always says that

[mylands] 17/5/2021 15:28

nap14th

No, don't think so, just NASDAQ is down again.

On my list of 14 NASDAQ stocks only one is up, ZM.