– Strategic expansion efforts to increase the total addressable market
– 54% growth in first-time depositors QoQ and 37% QoQ growth in active players
– Continue to show solid growth metrics; recently reported 30% QoQ revenue growth
Las Vegas, Nevada, Jan. 13, 2025 (GLOBE NEWSWIRE) — High Roller Technologies, Inc. (“High Roller” and the “Company”) (NYSE American: ROLR), operator of www.HighRoller.com AND www.Fruta.comeach a premium brand in online gaming and a destination for high rollers, today provided a corporate update with recent milestones the Company has achieved during a transformative year from a privately held company to a publicly traded company on the NYSE American. Since the IPO and listing on a high stock exchange, High Roller and its brands have seen better exposure and visibility in the general market, both with new and existing shareholders.
Financial and operational achievements
- The company reported significant revenue growth of 30% quarter over quarter for the three months ended September 30, 2024: bringing total revenue to $7.5 million through cost optimization and strong marketing performance
- The company successfully completed its IPO on the NYSE American in October 2024 and raised gross proceeds of $10 million; net proceeds used for expansion, new user acquisition, new brand/vertical launch and working capital
- There was a 54% quarter over quarter increase in first term depositors from 13,422 in Q3 2024 to 20,669 in Q4 2024, and a 37% increase in active players from 25,273 in Q3 2024 to 34,653 in Q4 2024
Strategic Planning and Industry Awareness Updates
- In January 2025, appointed industry veteran Christopher Muscat as the new Chief Operating Officer, where he will oversee operational strategy, drive growth initiatives and enhance High Roller’s commitment to delivering premium experiences to the gaming industry in internet and iCasino
- Won numerous prestigious gaming awards at the iGaming Summit WN 2024, including Casino Operator of the Yearand High Roller CMO acquisition iGaming Leader of the Year; The High Roller was also awarded Keeping the best player 2024 at the SiGMA Europe B2C Awards
- It continued to build on the Company’s vision to offer one of the most immersive and engaging online casino games in the industry
- Looking to expand product offerings to over 4,000+ games, including deeper market penetration and expansion of the addressable market in Ontario, Canada
Ben Clemes, Chief Executive Officer at High Roller Technologies, commented: “We saw solid revenue growth of 60% from 2022 to 2023, and since our last published results in the third quarter, we had QoQ growth of 30 % in revenue that we were extremely proud of. e. Post IPO, our business progress has been excellent as we have seen growth in time depositors and QoQ active users across our brands. This increase in new users and deposits speaks volumes for our ability to execute on our strategic growth.”
He continued, “The IPO provided us with the capital we needed to deploy our marketing efforts, and we have already seen better-than-expected returns on marketing spend, which we will continue to optimize in the coming months. In addition, we have committed capital to begin the license process in Ontario, which will significantly increase our total addressable market and is a natural extension to our existing Canadian business.
About High Roller Technologies, Inc.
High Roller Technologies, Inc. is a leading global online gaming operator known for its innovative casino brands, High roller AND Fruitlisted under the ticker ROLR on the NYSE American. The company offers a state-of-the-art real money online casino platform that is intuitive and user-friendly. With a diverse portfolio of over 4,000 premium games from more than 50 leading gaming providers, High Roller Technologies serves a global customer base, providing a comprehensive and engaging gaming experience to the expanding multibillion-dollar iGaming industry. speed. The online casino features improved search engine optimization, machine learning, seamless direct API integrations, faster load times and superior scalability.
As an award-winning operator, High Roller Technologies continues to redefine the future of online gaming through innovation, performance and commitment to excellence. For more information, please visit High Roller Technologies, Inc. Investor Relations website, X, FacebookAND LinkedIn pages.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “anticipate,” “anticipate,” “project “, “”plan”, “intend” or similar expressions, or statements about current intent, belief or expectations, are forward-looking statements. While the Company believes that these forward-looking statements are reasonable, undue reliance should not be placed on them any such statement forward-looking statements, which are based on information available to us as of the date of this release. These forward-looking statements are based on current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s SEC filings, without being limited to the Risk Factors involved therein.Actual results may therefore be materially different.The Company expressly disclaims any obligation to update or change statements whether as a result of new information, future events or otherwise, except as required by law.
CONTACT
ir@highroller.com
800-460-1039
