GAN Reports First Quarter 2021 Financial Results
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GAN Limited (GAN) Misses Q1 EPS by 9c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus
May 17, 2021 4:25 PM EDTGAN Limited (NASDAQ: GAN) reported Q1 EPS of ($0.11), $0.09 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $27.8 million versus the consensus estimate of $24.81 million.
First Quarter 2021 vs First Quarter 2020 Financial Highlights:
Total revenues of $27.8 million versus $7.7 million, a 263% increase driven by the $14.3 million contribution from Coolbet to our Business-to-Consumer (B2C) segment and growth of $5.8 million from our Business-to-Business (B2B) segment.Closed acquisition of Coolbet sports betting technology and operations in early January 2021, continuing the development of their sports betting technology for U.S.... More