GAN Reports Fourth Quarter and Full Year 2020 Financial Results
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GAN Limited (GAN) Misses Q4 EPS by 21c, Revenues Miss; Offers FY21 Revenues Guidance Above Consensus
March 25, 2021 4:15 PM EDTGAN Limited (NASDAQ: GAN) reported Q4 EPS of ($0.27), $0.21 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $8.9 million versus the consensus estimate of $11.84 million.
Fourth Quarter 2020 Compared to Fourth Quarter 2019
Total revenue of $8.9 million declined 17%, compared to $10.7 million last year, driven primarily by the aforementioned B2C/WinStar impact and a decline in sportsbook related RMiG revenue due to the FanDuel migration, partially offset by strong growth in SIM. Excluding the B2C/WinStar impact, total revenue increased 43% compared to 2019.GOR of $131.8 million increased 9%... More