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.
Gan (NASDAQ: GAN ) stock is rocketing higher on Wednesday after the software-as-a-service solutions company announced an acquisition deal with Sega Sammy Creation. Sega Sammy Creation, a wholly-owned subsidiary of Sega Sammy (OTCMKTS: SGAMY ), is acquiring Gan for $1.97 per share in cash.
GAN Limited shares surged 83% to $1.63 in midday trading on Wednesday after the sports-betting technology provider agreed to be acquired by Sega Sammy Holdings, a Japanese company known for its arcade and video games. Sega Sammy said it will pay $1.97 per share for GAN, a 121% premium to Tuesday's closing price, or a total consideration of about $84.4 million.
GAN Limited operates an online gambling provider, Coolbet, and provides B2B solutions for other providers. GAN has been unprofitable throughout its history and as revenues don't seem to grow, the company could be in for a hard time. If GAN manages to grow, the stock could be a fantastic investment opportunity at the current price.
GAN Limited (NASDAQ:GAN ) Q1 2023 Earnings Conference Call May 10, 2023 6:00 PM ET Company Participants Robert Shore - Vice President of Investor Relations Dermot Smurfit - President and Chief Executive Officer Brian Chang - Interim Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig Hallum Capital Group Chad Beynon - Macquarie Operator Good day ladies and gentlemen. Welcome to GAN Limited First Quarter 2023 Earnings Call.
GAN Limited (GAN) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.21 per share. This compares to loss of $0.09 per share a year ago.
GAN Limited (NASDAQ:GAN ) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET Company Participants Robert Shore - Vice President of Investor Relations Dermot Smurfit - President and Chief Executive Officer Brian Chang - Interim Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Chad Beynon - Macquarie Robert Shore Good afternoon, everyone. GAN's Fourth Quarter and Full-Year 2022 Earnings Release was issued today after the market closed and is posted on the Company's website at gan.com.
GAN Limited (GAN) delivered earnings and revenue surprises of -71.43% and 0.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?