Consumer Cyclical -
Gambling, Resorts & Casinos - NASDAQ - US
$ 1.895
0.265 %
$ 86.4 M
Market Cap
-6.53
P/E
1. INTRINSIC VALUE
Balance Sheet
GAN Limited
| Current Assets | 56.5 M |
| Cash & Short-Term Investments | 38.6 M |
| Receivables | 11.4 M |
| Other Current Assets | 6.55 M |
| Non-Current Assets | 31 M |
| Long-Term Investments | 0 |
| PP&E | 8.5 M |
| Other Non-Current Assets | 22.5 M |
| Current Liabilities | 36.7 M |
| Accounts Payable | 6.97 M |
| Short-Term Debt | 804 K |
| Other Current Liabilities | 28.9 M |
| Non-Current Liabilities | 55.4 M |
| Long-Term Debt | 45.8 M |
| Other Non-Current Liabilities | 9.62 M |
EFFICIENCY
Earnings Waterfall
GAN Limited
| Revenue | 129 M |
| Cost Of Revenue | 38.7 M |
| Gross Profit | 90.7 M |
| Operating Expenses | 121 M |
| Operating Income | -30.3 M |
| Other Expenses | 4.13 M |
| Net Income | -34.4 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
GAN Limited
| Net Income | -34.4 M |
| Depreciation & Amortization | 17.2 M |
| Capital Expenditures | -6.82 M |
| Stock-Based Compensation | 5.4 M |
| Change in Working Capital | 6.77 M |
| Others | 5.89 M |
| Free Cash Flow | -10.4 M |
Wall Street Analysts Price Targets
GAN Limited
GAN has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
GAN does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
GAN Limited
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 years ago
Mar 09, 2022
|
Bought
12.5 K USD
|
MCGILL SEAMUS M
director:
|
+ 5000
|
2.51 USD |
|
2 years ago
Aug 29, 2022
|
Sell 406 K
USD
|
Smurfit Dermot S.
President, CEO
|
- 150000
|
2.7047 USD |
|
2 years ago
Aug 23, 2022
|
Bought
19.3 K USD
|
Flores Karen
EVP, Chief Financial Officer
|
+ 6500
|
2.9698 USD |
|
2 years ago
May 19, 2022
|
Bought
16.6 K USD
|
MCGILL SEAMUS M
director:
|
+ 5000
|
3.32 USD |
|
3 years ago
Nov 22, 2021
|
Bought
109 K USD
|
Karlsen Glenn Anders
CEO, Coolbet
|
+ 10000
|
10.9 USD |
|
3 years ago
Nov 19, 2021
|
Bought
109 K USD
|
MCGILL SEAMUS M
Director
|
+ 10000
|
10.852 USD |
|
3 years ago
Nov 17, 2021
|
Sell 1.9 M
USD
|
Smurfit Dermot S.
President, CEO
|
- 155414
|
12.239 USD |
|
3 years ago
Nov 15, 2021
|
Sell 556 K
USD
|
Smurfit Dermot S.
President, CEO
|
- 42184
|
13.182 USD |
|
3 years ago
Nov 16, 2021
|
Sell 31.2 K
USD
|
Smurfit Dermot S.
President, CEO
|
- 2402
|
13 USD |
|
3 years ago
Oct 21, 2021
|
Sell 106 K
USD
|
Smurfit Dermot S.
President, CEO
|
- 6439
|
16.5 USD |
|
3 years ago
Oct 20, 2021
|
Sell 4.12 K
USD
|
Smurfit Dermot S.
President, CEO
|
- 250
|
16.5 USD |
|
3 years ago
Sep 07, 2021
|
Sell 1.8 M
USD
|
Knock Simon
EVP, Chief Information Officer
|
- 99934
|
18 USD |
|
3 years ago
Sep 02, 2021
|
Sell 451 K
USD
|
Knock Simon
EVP, Chief Information Officer
|
- 25066
|
18 USD |
|
3 years ago
Aug 19, 2021
|
Bought
14.2 K USD
|
MCGILL SEAMUS M
Director
|
+ 1000
|
14.2 USD |
|
3 years ago
Aug 05, 2021
|
Sell 1.36 K
USD
|
MCGILL SEAMUS M
Director
|
- 85
|
16.05 USD |
|
3 years ago
Jun 11, 2021
|
Sell 61.6 K
USD
|
Smurfit Michael Jr.
Director
|
- 3500
|
17.6 USD |
|
3 years ago
Jun 14, 2021
|
Sell 64.2 K
USD
|
Smurfit Michael Jr.
Director
|
- 3655
|
17.5779 USD |
|
3 years ago
May 26, 2021
|
Sell 129 K
USD
|
Goldberg David
Director
|
- 7500
|
17.14 USD |
|
3 years ago
Aug 19, 2021
|
Bought
251 K USD
|
Smurfit Dermot S.
President, CEO
|
+ 18100
|
13.846 USD |
|
3 years ago
Aug 19, 2021
|
Bought
251 K USD
|
Smurfit Dermot S.
President, CEO
|
+ 18100
|
13.846 USD |
|
3 years ago
Aug 05, 2021
|
Sell 1.36 K
USD
|
MCGILL SEAMUS M
Director
|
- 85
|
16.05 USD |
|
3 years ago
Jun 11, 2021
|
Sell 61.6 K
USD
|
Smurfit Michael Jr.
Director
|
- 3500
|
17.6 USD |
|
3 years ago
Jun 14, 2021
|
Sell 64.2 K
USD
|
Smurfit Michael Jr.
Director
|
- 3655
|
17.5779 USD |
|
3 years ago
May 26, 2021
|
Sell 129 K
USD
|
Goldberg David
Director
|
- 7500
|
17.14 USD |
|
4 years ago
Jan 12, 2021
|
Sell 1.44 M
USD
|
Berman Jeffrey Bruce
EVP, Chief Commercial Officer
|
- 60000
|
24 USD |
|
4 years ago
Jan 11, 2021
|
Sell 652 K
USD
|
Berman Jeffrey Bruce
EVP, Chief Commercial Officer
|
- 29651
|
22 USD |
|
4 years ago
Jan 08, 2021
|
Sell 7.9 K
USD
|
Berman Jeffrey Bruce
EVP, Chief Commercial Officer
|
- 349
|
22.635 USD |
|
7 years ago
Apr 05, 2017
|
Sell 16.5 K
USD
|
TRUST FBO ALTSCHUL CHARLES UW ALTSCHUL HG
director, other: Chairman
|
- 492
|
33.5171 USD |
|
14 years ago
Jan 25, 2011
|
Bought
28.5 K USD
|
Boulware Robert J
Director
|
+ 4034
|
7.07 USD |
|
14 years ago
Jan 24, 2011
|
Bought
28.8 K USD
|
Boulware Robert J
Director
|
+ 4034
|
7.1387 USD |
|
14 years ago
Jan 21, 2011
|
Bought
21.2 K USD
|
Boulware Robert J
Director
|
+ 2766
|
7.6694 USD |
|
14 years ago
Jan 20, 2011
|
Bought
20.4 K USD
|
Boulware Robert J
Director
|
+ 2766
|
7.3612 USD |
|
14 years ago
Jan 19, 2011
|
Bought
17.8 K USD
|
Boulware Robert J
Director
|
+ 2766
|
6.4419 USD |
|
14 years ago
Jan 18, 2011
|
Bought
15.8 K USD
|
Boulware Robert J
Director
|
+ 2766
|
5.7017 USD |
|
15 years ago
Dec 22, 2009
|
Bought
1.74 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 200
|
8.68 USD |
|
15 years ago
Dec 22, 2009
|
Bought
3.52 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 400
|
8.79 USD |
|
15 years ago
Dec 21, 2009
|
Bought
14.4 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 1700
|
8.5 USD |
|
15 years ago
Dec 18, 2009
|
Bought
2.55 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 300
|
8.5 USD |
|
15 years ago
Dec 17, 2009
|
Bought
7.88 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 900
|
8.75 USD |
|
15 years ago
May 29, 2009
|
Bought
3.24 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 1000
|
3.24 USD |
|
15 years ago
May 29, 2009
|
Bought
4.11 K USD
|
STALLINGS ROBERT W
Executive Chairman
|
+ 1250
|
3.29 USD |
|
15 years ago
Mar 30, 2009
|
Bought
680 USD
|
Boulware Robert J
Director
|
+ 504
|
1.35 USD |
|
15 years ago
Feb 19, 2009
|
Bought
100 K USD
|
GOFF JOHN C
director, 10 percent owner:
|
+ 100000
|
1 USD |
|
19 years ago
Sep 19, 2005
|
Bought
8.45 K USD
|
Reis James Richard
Executive Vice President
|
+ 5000
|
1.69 USD |
|
19 years ago
Sep 19, 2005
|
Bought
170 USD
|
Reis James Richard
Executive Vice President
|
+ 100
|
1.7 USD |
|
19 years ago
Sep 19, 2005
|
Bought
1.7 K USD
|
Reis James Richard
Executive Vice President
|
+ 1000
|
1.7 USD |
|
19 years ago
Sep 19, 2005
|
Bought
5.41 K USD
|
Reis James Richard
Executive Vice President
|
+ 3200
|
1.69 USD |
|
19 years ago
Sep 19, 2005
|
Bought
2.5 K USD
|
Reis James Richard
Executive Vice President
|
+ 1500
|
1.67 USD |
|
19 years ago
Sep 16, 2005
|
Bought
8.4 K USD
|
Reis James Richard
Executive Vice President
|
+ 4800
|
1.75 USD |
|
19 years ago
Sep 16, 2005
|
Bought
350 USD
|
Reis James Richard
Executive Vice President
|
+ 200
|
1.75 USD |
7. News
GAN Reports Third Quarter 2024 Financial Results
LAS VEGAS--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the third quarter ended September 30, 2024. Seamus McGill, GAN's Chief Executive Officer, said, “I couldn't be more pleased with the progress our team members have made to deliver revenue growth while concurren.
businesswire.com
- 2 months ago
GAN Announces Approval of Merger by the Nevada Gaming Commission
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading international B2C operator of Internet sports betting, today announced that it has received approval from the Nevada Gaming Commission (NGC) for the merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. (“SSC”), an affiliate of SEGA SAMMY HOLDINGS INC. (“SEGA SAMMY HOLDINGS”). The closing of the merger re.
businesswire.com
- 3 months ago
GAN Reports First Quarter 2024 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the first quarter ended March 31, 2024. "Our first quarter saw strong B2B revenue growth of nearly 10% as well as successful ongoing cost initiatives to reduce our overall operating expenses by 20%,” comme.
businesswire.com
- 8 months ago
GAN to Release First Quarter Results on May 9, 2024
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it will release financial results for the first quarter ended March 31, 2024, after market close on Thursday, May 9, 2024. Due to the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC.,.
businesswire.com
- 8 months ago
GAN Announces Recent Appointment of Mr. Brian Chang to Chief Financial Officer
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Brian Chang has recently been named the Company's Chief Financial Officer. Mr. Chang had previously been serving in an interim capacity. Mr. Chang will be focused on guiding the Company towards a timely closing with Sega Sammy Crea.
businesswire.com
- 10 months ago
GAN Reports Fourth Quarter and Full Year 2023 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reported its unaudited financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 Compared to Fourth Quarter 2022 Total revenue of $30.7 million decreased 17%, or $6.2 million, compared to the prior year quarter. B2B segm.
businesswire.com
- 10 months ago
GAN Announces Recent Appointment of Mr. Seamus McGill to Chief Executive Officer
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Mr. Seamus McGill has recently been named the Company's Chief Executive Officer. Mr. McGill had previously been serving in an interim capacity. Mr. McGill's will remain on the Company's board of directors and will be focused on guiding.
businesswire.com
- 11 months ago
GAN Limited Shareholders Approve SEGA SAMMY Merger Proposal at Special General Meeting of Shareholders
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that, at a special general meeting of its shareholders held on February 13, 2024, GAN shareholders overwhelmingly approved the previously announced merger agreement and merger of GAN and a subsidiary of SEGA SAMMY CREATION INC. (“SSC”), an.
businesswire.com
- 11 months ago
GAN Reminds Shareholders to Vote in the Upcoming Special Shareholder Meeting
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today reminded its shareholders to vote in favor of the previously announced merger with a subsidiary of SEGA SAMMY CREATION INC., (“SSC”), an affiliate of SEGA SAMMY HOLDINGS, INC. (“SEGA SAMMY”) at the upcoming special meeting of shareholders. How to Vot.
businesswire.com
- 11 months ago
GAN Files Definitive Proxy Statement and Will Hold Special Meeting of Shareholders to Vote on Merger With Affiliate of SEGA SAMMY HOLDINGS, INC.
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that the Company will hold its Special Meeting of Shareholders to vote on the proposed merger with a subsidiary of SEGA SAMMY CREATION INC., an affiliate of SEGA SAMMY HOLDINGS, INC. The meeting will take place on Tuesday, February 13, 2024.
businesswire.com
- 1 year ago
GAN Announces Launch of GAN Sports with Red Rock Resorts, Inc. under the STN Sports Brand
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the “Company” or “GAN”) (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that Red Rock Resorts, Inc. has commenced field trials of GAN Sports under the STN Sports brand at all properties of Station Casinos LLC (“Station Casinos”). The field trial commenced with the certification of GAN's GameSTACK 2.0 Platform.
businesswire.com
- 1 year ago
GAN Announces Changes to its Board of Directors
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced changes to its Board of Directors and accompanying committees. Mr. Seamus McGill will step down from his role as Chairman of the Board, while continuing in his role as interim CEO and will be focused on guiding the company towards a timely.
businesswire.com
- 1 year ago
8. Profile
Summary
GAN Limited GAN
COUNTRY
US
INDUSTRY
Gambling, Resorts & Casinos
MARKET CAP
$ 86.4 M
Dividend Yield
0.00%
Description
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website, as well as a range of development, marketing, and customer support services designed to deploy and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.
Contact
400 Spectrum Center Drive, Irvine, CA, 92618
https://www.gan.com
IPO
Date
May 5, 2020
Employees
673
Officers
Mr. Ervin Jarvlepp
Chief Marketing Officer
Mr. Giuseppe Gardali
President of B2B
Mr. Jan Roos
Chief Technology Officer
Mr. Robert Jason Shore
Vice President of North America Sportsbook Sales & Operations
Mr. Endre Nesset
President of B2C
Ms. Sylvia Tiscareno
Chief Legal Officer & Corporate Secretary
Mr. Seamus M. McGill
Chief Executive Officer & Director
Mr. Brian Chang
Chief Financial Officer
Ms. Betty Wong
Chief People Officer
Mr. Rob Lekites
Senior Vice President of Sports Betting