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GAN Limited (GAN)

GAN is a leading business-to-business supplier of internet gambling software-as-a-service solutions predominantly to the U.S. land-based casino industry. GAN has developed a proprietary internet gambling enterprise software system, GameSTACK™, which it licenses to land-based casino operators as a turnkey technology solution for regulated real money internet gambling, encompassing internet gaming, internet sports gaming and virtual Simulated Gaming.

Company profile

Ticker
GAN
Exchange
Website
CEO
Dermot Smurfit
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
GAN (UK) Limited • GameAccount Alderney Limited • GAN Nevada, Inc. • GAN Software Services BG Ltd • Lockbox Games Limited • GAN Digital Ltd • GAN Services Limited • Vincent Group Ltd • Polar Ltd • DoubleSpin Ltd ...

GAN stock data

Analyst ratings and price targets

Last 3 months

Calendar

16 May 22
8 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 33.58M 33.58M 33.58M 33.58M 33.58M 33.58M
Cash burn (monthly) 1.96M 1.55M 1.37M 2.53M 674.67K 207.58K
Cash used (since last report) 8.41M 6.64M 5.88M 10.84M 2.89M 888.76K
Cash remaining 25.17M 26.95M 27.7M 22.74M 30.69M 32.69M
Runway (months of cash) 12.8 17.4 20.2 9.0 45.5 157.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 May 22 Seamus M Mcgill Ordinary Shares Buy Acquire P No No 3.32 5,000 16.6K 49,866
27 Apr 22 Glenn Anders Karlsen Employee Stock Option Ordinary Shares Grant Acquire A No No 0.01 81,640 816.4 81,640
27 Apr 22 Glenn Anders Karlsen Employee Stock Option Ordinary Shares Sale back to company Dispose D No No 0.01 68,983 689.83 0
27 Apr 22 Glenn Anders Karlsen Employee Stock Option Ordinary Shares Grant Acquire A No No 0.01 57,277 572.77 57,277
27 Apr 22 Glenn Anders Karlsen Employee Stock Option Ordinary Shares Sale back to company Dispose D No No 0.01 69,388 693.88 0
27 Apr 22 Jan Roos Employee Stock Option Ordinary Shares Grant Acquire A No No 0.01 16,318 163.18 16,318
27 Apr 22 Jan Roos Employee Stock Option Ordinary Shares Sale back to company Dispose D No No 0.01 14,276 142.76 0
5 Apr 22 David Goldberg Ordinary Shares Sale back to company Dispose D No No 4.95 19,886 98.44K 24,852
5 Apr 22 David Goldberg Ordinary Shares Option exercise Acquire M No No 0 19,886 0 44,738
5 Apr 22 David Goldberg RSU Ordinary Shares Option exercise Dispose M No No 0 19,886 0 0
49.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 113 122 -7.4%
Opened positions 19 25 -24.0%
Closed positions 28 34 -17.6%
Increased positions 40 38 +5.3%
Reduced positions 33 38 -13.2%
13F shares Current Prev Q Change
Total value 145.05M 246.33M -41.1%
Total shares 21M 23.01M -8.7%
Total puts 404.7K 726.9K -44.3%
Total calls 374.3K 720.6K -48.1%
Total put/call ratio 1.1 1.0 +7.2%
Largest owners Shares Value Change
BLK Blackrock 2.76M $13.3M -1.7%
Smurfit Michael WJ 2.09M $53.35M 0.0%
Wellington Management 1.91M $9.19M -7.2%
Primecap Management 1.89M $9.11M -0.0%
STT State Street 1.16M $5.6M +0.1%
Exchange Traded Concepts 975.96K $4.7M +9.2%
AWM Investment 948.95K $4.57M +37.2%
Vanguard 779.16K $3.76M +1.3%
Geode Capital Management 736.8K $3.55M +2.5%
Zimmer Partners 675K $3.25M -64.0%
Largest transactions Shares Bought/sold Change
Zimmer Partners 675K -1.2M -64.0%
Millennium Management 488.15K -642.06K -56.8%
Renaissance Technologies 594.92K +519.81K +692.1%
Cooperman Leon G 0 -457.39K EXIT
Citadel Advisors 559.98K +323.35K +136.6%
AWM Investment 948.95K +257.27K +37.2%
Omni Event Management 0 -207.72K EXIT
Robert Robotti 0 -191.75K EXIT
Cowen Prime Advisors 27K -187.1K -87.4%
Wellington Management 1.91M -148.93K -7.2%

Financial report summary

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Competition
Gambling.com

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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