{"success":true,"data":{"pressRelease":{"id":"32311","rtpr_id":"nGNX5GQ8Gq","ticker":"ROLR","exchange":"NYSE American","all_tickers":["ROLR"],"title":"High Roller Technologies Provides Business Update for Prediction Markets Launch; Reports First Quarter 2026 Results","author":"Globe Newswire","published_at":"2026-05-12T20:05:02.964Z","article_body":"* Planned launch of ROLR-branded U.S. prediction markets product, supported by\nCrypto.com | Derivatives North America agreement, ROLR consumer website, Big 4\nlicensing advisor, applied AI capabilities and strategic marketing\npartnerships\n* According to one third-party estimate, prediction market trading volumes\ngrew nearly 4x to $64 billion in 2025, are on pace to exceed $325 billion in\n2026, and could exceed $1.1 trillion by 2030(1)\n* Conference call today, May 12, 2026, at 4:30 PM ET\nLAS VEGAS, Nevada, May 12, 2026 (GLOBE NEWSWIRE) -- High Roller Technologies,\nInc. (“High Roller” or the “Company”) (NYSE: ROLR), a publicly traded\nonline gaming and prediction markets company, today provided a business\nupdate, including its planned expansion into regulated prediction markets\nthrough its agreement with Crypto.com | Derivatives North America (CDNA), and\nreported its financial results for the first quarter ended March 31, 2026. As\npreviously announced, High Roller will host a conference call to discuss first\nquarter 2026 results and provide a business update today, May 12, 2026, at\n4:30 PM Eastern Time (ET).\n\nManagement Commentary\n\n“This was a transformative quarter for High Roller as we significantly\nstrengthened our balance sheet and announced major planned growth\ninitiatives,” said Seth Young, Chief Executive Officer of High Roller\nTechnologies. “In a short period of time, we have secured a definitive\nagreement with CDNA to enter the prediction markets category, established our\nconsumer-facing ROLR\n(https://www.globenewswire.com/Tracker?data=FKdj5u8TZOgG1HITbuqbpmHrEAeaujwykA9unP_qrDmD_P87dMH7Dj8Fq0KVCXrQtejib2jQp6C-xKMiedI7Yg==)\nbrand, and built a network of strategic marketing and distribution\npartnerships designed to support scale, among other achievements.”\n\n“During Q1 2026, we continued to reshape High Roller around a more focused,\nbetter-capitalized, high-upside growth strategy, while bringing strong\noperating discipline to the underlying business,” continued Young. “Lower\noperating expenses contributed to improved YoY Adjusted EBITDA while we\nincreased strategic capital allocations. Net revenues of $3.4 million\nreflected our deliberate exit from certain markets and heavily reduced\ncustomer acquisition spend in the online casino vertical. Our operating\nefficiency strengthened significantly, evidenced by improvements in nearly all\ninternal key performance indicators across the business, as we prepare for\nwhat we anticipate will be exponentially greater scale.”\n\n“Strong investor interest supported our equity capital build during the\nquarter, and we boosted working capital from a $3.7 million deficit on\nDecember 31, 2025, to positive $18.1 million on March 31, 2026, with $23.1\nmillion in cash and restricted cash and no debt at quarter end.”\n\n“We have a clear plan, clear timing, we’re bullish, and we’re in full-on\nexecution mode. We plan to communicate further updates in due course as we\ntrend towards this exciting new launch,” Young concluded.\n\nRecent Strategic & Corporate Highlights\n\nPrediction Markets (U.S.)\n* Established ROLR (https://www.rolr.com/) as the consumer-facing brand for\nits planned U.S. prediction markets platform, including the acquisition of\nROLR.com (https://www.rolr.com/) as the primary digital destination for the\nproduct. The brand aligns with the Company’s NYSE ticker and is intended to\nsupport consumer awareness around the planned prediction markets launch.\n* Executed a Definitive Agreement with Crypto.com | Derivatives North America\nto launch an event-based prediction markets offering, initially in the United\nStates. The agreement is intended to enable High Roller to offer CDNA event\ncontracts across multiple categories, marking the Company’s formal entry\ninto the prediction markets sector.\n* Engaged a Big 4 consultancy to support the licensing process for the\nCompany’s planned U.S. prediction markets launch. The advisor is expected to\ncounsel High Roller through licensing and regulatory approval workstreams tied\nto its planned launch.\n* Executed a definitive strategic marketing agreement with Lines.com, owned by\nSpike Up Media, to support customer acquisition and brand awareness for the\nCompany’s planned U.S. prediction markets rollout. Lines.com is expected to\nserve as a key media and distribution partner, leveraging its sports audience,\nautomation infrastructure and conversion capabilities.\n* Executed a definitive, exclusive strategic marketing agreement with Forever\nNetwork, establishing High Roller as Forever Network’s exclusive prediction\nmarkets partner across its owned and operated properties. Forever Network\nreported more than 20 billion impressions in 2025 and reach of 450 million\npeople globally.\n* Executed a definitive strategic marketing partnership with Leverage Game\nMedia, to support customer acquisition, brand awareness and audience\nengagement for the planned U.S. event-based prediction markets product.\n* Expanded applied AI capabilities ahead of the planned U.S. prediction\nmarkets launch, creating the new role of Head of Applied AI and appointing\nNicholis Muller to lead initiatives across compliance automation, product\npersonalization, customer engagement and internal development workflows.\nCapital Markets\n* Completed a $1.0 million strategic investment by Saratoga Casino Holdings\nthrough a private placement.\n* Completed a $25 million registered direct offering (priced at $13.21 per\nshare, 1,892,506 shares), with proceeds earmarked for sales & marketing,\ngeographic expansion, product development/diversification, and general\ncorporate purposes.\n* Regained compliance with NYSE American continued listing standards,\nresolving its prior deficiency under Section 1003(a)(ii) related to\nstockholders’ equity after demonstrating compliance for two consecutive\nquarters.\nFirst Quarter 2026 Financial Results Summary\n* Net revenues were $3.4 million, a decrease of $1.8 million, or 35%, compared\nto $5.2 million for Q1 2025.\n* Total operating expenses were $6.4 million, a decrease of 28%, as compared\nto $8.9 million for the quarter ended March 31, 2025, primarily as a result of\nlower direct operating costs and advertising and promotions in Q1 2026 vs. Q1\n2025.\n* Loss from operations improved to $3.0 million compared to $3.7 million in Q1\n2025, primarily due to cost cutting, operational improvements, and focusing on\nmore profitable opportunities.\n* Net loss from continuing operations was also $3.0 million, or ($0.29) per\ncommon share, compared to a net loss from continuing operations of $3.3\nmillion, or $(0.44) per common share in Q1 2025.\n* Adjusted EBITDA improved $1.7 million to negative $1.3 million, or $(0.12)\nper common share, from negative $3.0 million, or $(0.36) per common share, in\nQ1 2025.\nConference Call\n\nAs previously announced, High Roller will host a conference call to provide a\nbusiness update and discuss first quarter results today, May 12, 2026, at 4:30\nPM ET.\n\nTo join the live conference call, please dial 877-407-6176 (U.S. and\nCanadian callers) or +1 201-689-8451 (international callers outside of the\nU.S. and Canada) 10 to 15 minutes prior to the scheduled call time.\nParticipants can also click this link\n(https://www.globenewswire.com/Tracker?data=2vhDfoWJylSt20mgcT73EDqo9Xtq7n1_qWomkgq83rZAKmh1h5uxT5q66QUNy5n21D9wLpW0j5-K75oz0YFG8H-GdX7-464B65ty0sxgmuoo5cLddswuiVGEePwXkfVNQXmixRV3p9Lyzos4p3eDNjS3MHERwYQ8HEeH0rRoPRgtHtO46qJToOJmWvHA7vO_3_kIRzBBuXUb5BDC6jqD5Q==)\nfor instant telephone access to the event. The link will become active\napproximately 15 minutes prior to the start of the conference call. The\nconference ID# is 13760642.\n\n(1) FalconX, Feb. 2026\n(https://www.globenewswire.com/Tracker?data=efx_XaEqnNm8mxxXS_E9z7MJsddhOX8uhC8voXK8702CUmoXt8P6TTbCOIgQcbde0_tMCrLQmPpQQ2vqiCrRNUSuU5Nw9ucdnCGrH7Cr3X7Z3ChLsnuNzjcgsri_v1mbBdwnGWqz37Tv4BczJEv8DaaYWctSpC9kNfjjGxMtmasZF4VPKvoXrEekiS8_qgSescwaFmZPx5-tyX64JfM8Hvo5nM3mAyQtU5Kp22u0RvA=)\n\nAbout High Roller Technologies, Inc.\n\nHigh Roller Technologies, Inc. (NYSE: ROLR) is a publicly traded online gaming\nand prediction markets company, known for its innovative casino brands High\nRoller\n(https://www.globenewswire.com/Tracker?data=NX2T0QzwAoUkipWPzZzsMSMEbH_110eZ32BA7BOmpRkhkck5LPrrUNylDWEkvVGyd9W8oLDx5GqrGDPXCeZo_w==)\nand Fruta\n(https://www.globenewswire.com/Tracker?data=kc4n5o2GxM4J4yRuXyz20XYJSfzPJc1ow0GNs25toXEa7tO0s2MObqo8MiBKR1rLpI3tYHx2tJumgvzw_JwLrw==),\nand its prediction markets brand, ROLR\n(https://www.globenewswire.com/Tracker?data=FKdj5u8TZOgG1HITbuqbpsDt9yq3ICOQZEgAdyqFArYX8VN9FMtPp_0VuFWMYQjNNHNmlOtA7og1TjlkYH4UpQ==).\nThe Company delivers cutting-edge real-money consumer facing products that are\nintuitive and user-friendly. With a diverse portfolio of over 6,000 premium\nonline casino games from more than 90 leading game providers, High Roller\nTechnologies offers an immersive and engaging gaming experience in the rapidly\nexpanding multi-billion-dollar iGaming industry. As an award-winning operator,\nHigh Roller Technologies continues to redefine the future of market engagement\nthrough innovation, performance, and a commitment to excellence.\n\nFor more information, please visit the Company’s investor relations website\n(https://www.globenewswire.com/Tracker?data=GU039ZV4xxoa7YrIl3qiF67UKQwxcLakFYVMHs-FnmVRC6CmQL6rtGoEZBg_MUcTWBVJUVOYcHe1O5r0Xa-rCw==)\nand follow High Roller Technologies on X\n(https://www.globenewswire.com/Tracker?data=yLNS5Sj1Q2ItweNLxxxRqvpnYYnEePfk7nxUuHU2pSy13lASORMm2W-e10SACy9ianineiFDOIjbS5NzegYe7w==),\nFacebook\n(https://www.globenewswire.com/Tracker?data=jb0W2HOCPI0yzhEJT29AW091tkLA57F4llA0Ab78M7nafJgxHP268D0egDe87EW7tePGpoMat0UBJJ-IS0zI9suYeK3FB5ZZMq9ojT_JSCGws7CDoe1um_Ejv3e-NZpR),\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=Wv5aQZwVhxqrRryU3oBXTH7fGda2GualmSKmtfuD5CTnCCFyGsXSzCPe7BzWN5F9UjEON3zZ-XOB-M84zSqKAzfabZ4dZwc77hIuc8OmujaI16sFqifEfIRuhjTmCPEz).\n\nForward-Looking Statements\n\nCertain statements in this press release constitute \"forward-looking\nstatements\" within the meaning of the federal securities laws. Words such as\n\"may,\" \"might,\" \"will,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"estimate,\" \"continue,\" \"predict,\" \"forecast,\" \"project,\" \"plan,\" \"intend\" or\nsimilar expressions, or statements regarding intent, belief, or current\nexpectations, are forward-looking statements. Forward-looking statements are\nneither historical facts nor assurances of future performance. Instead, they\nare based only on our current beliefs, expectations and assumptions regarding\nthe future of our business, future plans and strategies, projections,\nanticipated events and trends, the economy and other future conditions.\nBecause forward-looking statements relate to the future, they are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict and many of which are outside of our control. Our actual results\nand financial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, you should not rely on any of these\nforward-looking statements. Important factors that could cause our actual\nresults and financial condition to differ materially from those indicated in\nthe forward-looking statements include such factors as discussed throughout\nPart I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and\nAnalysis of Financial Condition and Results of Operations of our Annual Report\non Form 10-K for the year ended December 31, 2025, Part I. Item 2.\nManagement's Discussion and Analysis of Financial Condition and Results of\nOperations and Part II, Item 1A. Risk Factors, of our quarterly report on Form\n10-Q for the quarter ended March 31, 2026 and our in our other filings with\nthe Securities and Exchange Commission. Any forward-looking statement made by\nus in this press release is based only on information currently available to\nus and speaks only as of the date on which it is made. We undertake no\nobligation to publicly update any forward-looking statement, whether written\nor oral, that may be made from time to time, whether as a result of new\ninformation, future developments or otherwise.\n\nContact\nir@highroller.com\n800-460-1039\n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME\n(LOSS)\n\n For the Three Months Ended \n March 31, \n (in thousands, except share and per share data) 2026 2025 \n \n Revenues, net $ 3,366 $ 5,195 \n \n Operating expenses \n Direct operating costs: \n Related party 187 313 \n Other 1,071 2,235 \n General and administrative: \n Related party — 14 \n Other 4,519 3,321 \n Advertising and promotions: \n Related party 119 701 \n Other 228 2,071 \n Product and software development: \n Related party — — \n Other 238 201 \n Total operating expenses 6,362 8,856 \n Loss from operations (2,996 ) (3,661 ) \n \n Other income (expense) \n Interest income (expense), net 46 (46 ) \n Other (expense) income — (1 ) \n Total other income (expense) 46 (47 ) \n \n Loss before income taxes (2,950 ) (3,708 ) \n Income tax expense (benefit) 16 17 \n Net loss from continuing operations $ (2,966 ) $ (3,725 ) \n \n Net income from discontinued operations net of taxes $ — $ 449 \n \n Net loss $ (2,966 ) $ (3,276 ) \n \n Other comprehensive loss \n Foreign currency translation adjustment (211 ) 48 \n Comprehensive loss $ (3,177 ) $ (3,228 ) \n \n Net income (loss) per common share: \n Continuing operations $ (0.29 ) $ (0.44 ) \n Discontinued operations $ — $ 0.05 \n Net loss per common share – basic and diluted $ (0.29 ) $ (0.39 ) \n Weighted average common shares outstanding – basic and diluted 10,396,906 8,374,928 \n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES \nCONDENSED CONSOLIDATED BALANCE SHEETS\n\n As of As of \n March 31, December 31, \n (in thousands, except share and per share data) 2026 2025 \n (Unaudited) \n Assets \n Current assets \n Cash and cash equivalents $ 22,451 $ 2,076 \n Restricted cash 626 589 \n Prepaid expenses and other current assets 1,172 779 \n Deferred tax asset, current 2,298 2,368 \n Total current assets 26,547 5,812 \n Deferred offering costs — 80 \n Property and equipment, net 392 417 \n Operating lease right-of-use asset, net 755 826 \n Intangible assets, net 10,717 10,507 \n Deferred tax asset, non-current 796 817 \n Other assets 76 60 \n Total assets $ 39,283 $ 18,519 \n \n Liabilities and stockholders’ equity \n Current liabilities \n Accounts payable $ 495 $ 804 \n Accrued expenses 2,686 3,373 \n Player liabilities 793 816 \n Due to affiliates 1,912 1,993 \n Operating leases obligation, current 225 166 \n Total current liabilities 6,111 7,152 \n Other liabilities 1,101 1,084 \n Operating lease obligation, noncurrent 573 641 \n Total liabilities 7,785 8,877 \n Stockholders’ equity \n Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Common stock, $0.001 par value; 60,000,000 shares authorized; 10,943,070 shares and 8,485,404 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 11 8 \n Additional paid-in capital 57,960 32,930 \n Accumulated deficit (27,265 ) (24,299 ) \n Accumulated other comprehensive income 792 1,003 \n Total stockholders’ equity 31,498 9,642 \n Total liabilities and stockholders’ equity $ 39,283 $ 18,519 \n\nThis Report includes Adjusted EBITDA and Adjusted Earnings (Loss) Per Share,\nwhich are non-GAAP financial measures that we use to supplement our results\npresented in accordance with U.S. GAAP. We believe Adjusted EBITDA and\nAdjusted Earnings (Loss) Per Share are useful in evaluating our operating\nperformance, similar to measures reported by our publicly-listed U.S.\ncompetitors, and regularly used by security analysts, institutional investors\nand other interested parties in analyzing operating performance and prospects.\n\nAdjusted EBITDA and Adjusted Earnings (Loss) Per Share are not intended to be\na substitute for any U.S. GAAP financial measure. As calculated, they may not\nbe comparable to other similarly titled measures of performance of other\ncompanies in other industries or within the same industry.\n\nWe define and calculate Adjusted EBITDA as net income (loss) before the impact\nof interest income and expense, income tax provision or benefit, and\ndepreciation and amortization, and further adjusted for the following items:\nstock-based compensation; and other non-recurring and non-operating costs or\nincome, as described in the reconciliation below.\n\nWe define and calculate Adjusted Earnings (Loss) Per Share as basic earnings\n(loss) per share attributable to common stockholders before the impact of\namortization of acquired intangible assets; stock-based compensation; and\nother non-recurring and non-operating costs or income, as described in the\nreconciliation below.\n\nWe include non-GAAP financial measures because they are used by management to\nevaluate our core operating performance and trends and to make strategic\ndecisions regarding the allocation of capital and new investments. Adjusted\nEBITDA and Adjusted Earnings (Loss) Per Share exclude certain expenses that\nare required in accordance with U.S. GAAP because they are non-recurring items\n(for example, in the case of severance costs), non-cash expenditures (for\nexample, in the case of amortization of acquired intangible assets,\ndepreciation and amortization and stock-based compensation), or non-operating\nitems which are not related to our underlying business performance (for\nexample, in the case of interest expense).\n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES\nGAAP NET INCOME (LOSS) TO NON-GAAP ADJUSTED EBITDA\n\n For the Three Months Ended March 31, \n (in thousands) 2026 2025 \n \n Revenues $ 3,366 $ 5,195 \n Net loss from continuing operations (2,966 ) (3,725 ) \n Net income from discontinued operations net of taxes — 449 \n \n Add back items: \n Stock-based compensation expense (1) 260 308 \n Issuance of warrants 1,003 — \n Depreciation and amortization (2) 71 76 \n Interest expense, net (46 ) 46 \n Income tax 16 17 \n Foreign exchange transaction loss 72 178 \n Other (3) 310 127 \n Adjusted EBITDA $ (1,280 ) $ (2,973 ) \n\n(1) Includes restricted shares, stock options, equity-settled restricted share\nunits, cash-settled restricted share units and equity-settled\nperformance-based restricted share units granted to employees and directors\n(including related employer payroll taxes).\n\n(2) Includes amortization of intangible assets generated through business\nacquisitions and depreciation of property and equipment, amortization of\ncontract costs, and amortization of internally developed software and other\nintangible assets. Excludes amortization of right of use assets.\n\n(3) Includes severance costs and non-recurring compensation.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f7913bab-f660-4052-a5cc-89e11105f2d5)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX5GQ8Gq","title":"High Roller Technologies Provides Business Update for Prediction Markets Launch; Reports First Quarter 2026 Results","author":"Globe Newswire","ticker":"ROLR","created":"2026-05-12T20:05:02.964Z","tickers":["ROLR"],"exchange":"NYSE American","article_body":"* Planned launch of ROLR-branded U.S. prediction markets product, supported by\nCrypto.com | Derivatives North America agreement, ROLR consumer website, Big 4\nlicensing advisor, applied AI capabilities and strategic marketing\npartnerships\n* According to one third-party estimate, prediction market trading volumes\ngrew nearly 4x to $64 billion in 2025, are on pace to exceed $325 billion in\n2026, and could exceed $1.1 trillion by 2030(1)\n* Conference call today, May 12, 2026, at 4:30 PM ET\nLAS VEGAS, Nevada, May 12, 2026 (GLOBE NEWSWIRE) -- High Roller Technologies,\nInc. (“High Roller” or the “Company”) (NYSE: ROLR), a publicly traded\nonline gaming and prediction markets company, today provided a business\nupdate, including its planned expansion into regulated prediction markets\nthrough its agreement with Crypto.com | Derivatives North America (CDNA), and\nreported its financial results for the first quarter ended March 31, 2026. As\npreviously announced, High Roller will host a conference call to discuss first\nquarter 2026 results and provide a business update today, May 12, 2026, at\n4:30 PM Eastern Time (ET).\n\nManagement Commentary\n\n“This was a transformative quarter for High Roller as we significantly\nstrengthened our balance sheet and announced major planned growth\ninitiatives,” said Seth Young, Chief Executive Officer of High Roller\nTechnologies. “In a short period of time, we have secured a definitive\nagreement with CDNA to enter the prediction markets category, established our\nconsumer-facing ROLR\n(https://www.globenewswire.com/Tracker?data=FKdj5u8TZOgG1HITbuqbpmHrEAeaujwykA9unP_qrDmD_P87dMH7Dj8Fq0KVCXrQtejib2jQp6C-xKMiedI7Yg==)\nbrand, and built a network of strategic marketing and distribution\npartnerships designed to support scale, among other achievements.”\n\n“During Q1 2026, we continued to reshape High Roller around a more focused,\nbetter-capitalized, high-upside growth strategy, while bringing strong\noperating discipline to the underlying business,” continued Young. “Lower\noperating expenses contributed to improved YoY Adjusted EBITDA while we\nincreased strategic capital allocations. Net revenues of $3.4 million\nreflected our deliberate exit from certain markets and heavily reduced\ncustomer acquisition spend in the online casino vertical. Our operating\nefficiency strengthened significantly, evidenced by improvements in nearly all\ninternal key performance indicators across the business, as we prepare for\nwhat we anticipate will be exponentially greater scale.”\n\n“Strong investor interest supported our equity capital build during the\nquarter, and we boosted working capital from a $3.7 million deficit on\nDecember 31, 2025, to positive $18.1 million on March 31, 2026, with $23.1\nmillion in cash and restricted cash and no debt at quarter end.”\n\n“We have a clear plan, clear timing, we’re bullish, and we’re in full-on\nexecution mode. We plan to communicate further updates in due course as we\ntrend towards this exciting new launch,” Young concluded.\n\nRecent Strategic & Corporate Highlights\n\nPrediction Markets (U.S.)\n* Established ROLR (https://www.rolr.com/) as the consumer-facing brand for\nits planned U.S. prediction markets platform, including the acquisition of\nROLR.com (https://www.rolr.com/) as the primary digital destination for the\nproduct. The brand aligns with the Company’s NYSE ticker and is intended to\nsupport consumer awareness around the planned prediction markets launch.\n* Executed a Definitive Agreement with Crypto.com | Derivatives North America\nto launch an event-based prediction markets offering, initially in the United\nStates. The agreement is intended to enable High Roller to offer CDNA event\ncontracts across multiple categories, marking the Company’s formal entry\ninto the prediction markets sector.\n* Engaged a Big 4 consultancy to support the licensing process for the\nCompany’s planned U.S. prediction markets launch. The advisor is expected to\ncounsel High Roller through licensing and regulatory approval workstreams tied\nto its planned launch.\n* Executed a definitive strategic marketing agreement with Lines.com, owned by\nSpike Up Media, to support customer acquisition and brand awareness for the\nCompany’s planned U.S. prediction markets rollout. Lines.com is expected to\nserve as a key media and distribution partner, leveraging its sports audience,\nautomation infrastructure and conversion capabilities.\n* Executed a definitive, exclusive strategic marketing agreement with Forever\nNetwork, establishing High Roller as Forever Network’s exclusive prediction\nmarkets partner across its owned and operated properties. Forever Network\nreported more than 20 billion impressions in 2025 and reach of 450 million\npeople globally.\n* Executed a definitive strategic marketing partnership with Leverage Game\nMedia, to support customer acquisition, brand awareness and audience\nengagement for the planned U.S. event-based prediction markets product.\n* Expanded applied AI capabilities ahead of the planned U.S. prediction\nmarkets launch, creating the new role of Head of Applied AI and appointing\nNicholis Muller to lead initiatives across compliance automation, product\npersonalization, customer engagement and internal development workflows.\nCapital Markets\n* Completed a $1.0 million strategic investment by Saratoga Casino Holdings\nthrough a private placement.\n* Completed a $25 million registered direct offering (priced at $13.21 per\nshare, 1,892,506 shares), with proceeds earmarked for sales & marketing,\ngeographic expansion, product development/diversification, and general\ncorporate purposes.\n* Regained compliance with NYSE American continued listing standards,\nresolving its prior deficiency under Section 1003(a)(ii) related to\nstockholders’ equity after demonstrating compliance for two consecutive\nquarters.\nFirst Quarter 2026 Financial Results Summary\n* Net revenues were $3.4 million, a decrease of $1.8 million, or 35%, compared\nto $5.2 million for Q1 2025.\n* Total operating expenses were $6.4 million, a decrease of 28%, as compared\nto $8.9 million for the quarter ended March 31, 2025, primarily as a result of\nlower direct operating costs and advertising and promotions in Q1 2026 vs. Q1\n2025.\n* Loss from operations improved to $3.0 million compared to $3.7 million in Q1\n2025, primarily due to cost cutting, operational improvements, and focusing on\nmore profitable opportunities.\n* Net loss from continuing operations was also $3.0 million, or ($0.29) per\ncommon share, compared to a net loss from continuing operations of $3.3\nmillion, or $(0.44) per common share in Q1 2025.\n* Adjusted EBITDA improved $1.7 million to negative $1.3 million, or $(0.12)\nper common share, from negative $3.0 million, or $(0.36) per common share, in\nQ1 2025.\nConference Call\n\nAs previously announced, High Roller will host a conference call to provide a\nbusiness update and discuss first quarter results today, May 12, 2026, at 4:30\nPM ET.\n\nTo join the live conference call, please dial 877-407-6176 (U.S. and\nCanadian callers) or +1 201-689-8451 (international callers outside of the\nU.S. and Canada) 10 to 15 minutes prior to the scheduled call time.\nParticipants can also click this link\n(https://www.globenewswire.com/Tracker?data=2vhDfoWJylSt20mgcT73EDqo9Xtq7n1_qWomkgq83rZAKmh1h5uxT5q66QUNy5n21D9wLpW0j5-K75oz0YFG8H-GdX7-464B65ty0sxgmuoo5cLddswuiVGEePwXkfVNQXmixRV3p9Lyzos4p3eDNjS3MHERwYQ8HEeH0rRoPRgtHtO46qJToOJmWvHA7vO_3_kIRzBBuXUb5BDC6jqD5Q==)\nfor instant telephone access to the event. The link will become active\napproximately 15 minutes prior to the start of the conference call. The\nconference ID# is 13760642.\n\n(1) FalconX, Feb. 2026\n(https://www.globenewswire.com/Tracker?data=efx_XaEqnNm8mxxXS_E9z7MJsddhOX8uhC8voXK8702CUmoXt8P6TTbCOIgQcbde0_tMCrLQmPpQQ2vqiCrRNUSuU5Nw9ucdnCGrH7Cr3X7Z3ChLsnuNzjcgsri_v1mbBdwnGWqz37Tv4BczJEv8DaaYWctSpC9kNfjjGxMtmasZF4VPKvoXrEekiS8_qgSescwaFmZPx5-tyX64JfM8Hvo5nM3mAyQtU5Kp22u0RvA=)\n\nAbout High Roller Technologies, Inc.\n\nHigh Roller Technologies, Inc. (NYSE: ROLR) is a publicly traded online gaming\nand prediction markets company, known for its innovative casino brands High\nRoller\n(https://www.globenewswire.com/Tracker?data=NX2T0QzwAoUkipWPzZzsMSMEbH_110eZ32BA7BOmpRkhkck5LPrrUNylDWEkvVGyd9W8oLDx5GqrGDPXCeZo_w==)\nand Fruta\n(https://www.globenewswire.com/Tracker?data=kc4n5o2GxM4J4yRuXyz20XYJSfzPJc1ow0GNs25toXEa7tO0s2MObqo8MiBKR1rLpI3tYHx2tJumgvzw_JwLrw==),\nand its prediction markets brand, ROLR\n(https://www.globenewswire.com/Tracker?data=FKdj5u8TZOgG1HITbuqbpsDt9yq3ICOQZEgAdyqFArYX8VN9FMtPp_0VuFWMYQjNNHNmlOtA7og1TjlkYH4UpQ==).\nThe Company delivers cutting-edge real-money consumer facing products that are\nintuitive and user-friendly. With a diverse portfolio of over 6,000 premium\nonline casino games from more than 90 leading game providers, High Roller\nTechnologies offers an immersive and engaging gaming experience in the rapidly\nexpanding multi-billion-dollar iGaming industry. As an award-winning operator,\nHigh Roller Technologies continues to redefine the future of market engagement\nthrough innovation, performance, and a commitment to excellence.\n\nFor more information, please visit the Company’s investor relations website\n(https://www.globenewswire.com/Tracker?data=GU039ZV4xxoa7YrIl3qiF67UKQwxcLakFYVMHs-FnmVRC6CmQL6rtGoEZBg_MUcTWBVJUVOYcHe1O5r0Xa-rCw==)\nand follow High Roller Technologies on X\n(https://www.globenewswire.com/Tracker?data=yLNS5Sj1Q2ItweNLxxxRqvpnYYnEePfk7nxUuHU2pSy13lASORMm2W-e10SACy9ianineiFDOIjbS5NzegYe7w==),\nFacebook\n(https://www.globenewswire.com/Tracker?data=jb0W2HOCPI0yzhEJT29AW091tkLA57F4llA0Ab78M7nafJgxHP268D0egDe87EW7tePGpoMat0UBJJ-IS0zI9suYeK3FB5ZZMq9ojT_JSCGws7CDoe1um_Ejv3e-NZpR),\nand LinkedIn\n(https://www.globenewswire.com/Tracker?data=Wv5aQZwVhxqrRryU3oBXTH7fGda2GualmSKmtfuD5CTnCCFyGsXSzCPe7BzWN5F9UjEON3zZ-XOB-M84zSqKAzfabZ4dZwc77hIuc8OmujaI16sFqifEfIRuhjTmCPEz).\n\nForward-Looking Statements\n\nCertain statements in this press release constitute \"forward-looking\nstatements\" within the meaning of the federal securities laws. Words such as\n\"may,\" \"might,\" \"will,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"estimate,\" \"continue,\" \"predict,\" \"forecast,\" \"project,\" \"plan,\" \"intend\" or\nsimilar expressions, or statements regarding intent, belief, or current\nexpectations, are forward-looking statements. Forward-looking statements are\nneither historical facts nor assurances of future performance. Instead, they\nare based only on our current beliefs, expectations and assumptions regarding\nthe future of our business, future plans and strategies, projections,\nanticipated events and trends, the economy and other future conditions.\nBecause forward-looking statements relate to the future, they are subject to\ninherent uncertainties, risks and changes in circumstances that are difficult\nto predict and many of which are outside of our control. Our actual results\nand financial condition may differ materially from those indicated in the\nforward-looking statements. Therefore, you should not rely on any of these\nforward-looking statements. Important factors that could cause our actual\nresults and financial condition to differ materially from those indicated in\nthe forward-looking statements include such factors as discussed throughout\nPart I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and\nAnalysis of Financial Condition and Results of Operations of our Annual Report\non Form 10-K for the year ended December 31, 2025, Part I. Item 2.\nManagement's Discussion and Analysis of Financial Condition and Results of\nOperations and Part II, Item 1A. Risk Factors, of our quarterly report on Form\n10-Q for the quarter ended March 31, 2026 and our in our other filings with\nthe Securities and Exchange Commission. Any forward-looking statement made by\nus in this press release is based only on information currently available to\nus and speaks only as of the date on which it is made. We undertake no\nobligation to publicly update any forward-looking statement, whether written\nor oral, that may be made from time to time, whether as a result of new\ninformation, future developments or otherwise.\n\nContact\nir@highroller.com\n800-460-1039\n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES \nCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME\n(LOSS)\n\n For the Three Months Ended \n March 31, \n (in thousands, except share and per share data) 2026 2025 \n \n Revenues, net $ 3,366 $ 5,195 \n \n Operating expenses \n Direct operating costs: \n Related party 187 313 \n Other 1,071 2,235 \n General and administrative: \n Related party — 14 \n Other 4,519 3,321 \n Advertising and promotions: \n Related party 119 701 \n Other 228 2,071 \n Product and software development: \n Related party — — \n Other 238 201 \n Total operating expenses 6,362 8,856 \n Loss from operations (2,996 ) (3,661 ) \n \n Other income (expense) \n Interest income (expense), net 46 (46 ) \n Other (expense) income — (1 ) \n Total other income (expense) 46 (47 ) \n \n Loss before income taxes (2,950 ) (3,708 ) \n Income tax expense (benefit) 16 17 \n Net loss from continuing operations $ (2,966 ) $ (3,725 ) \n \n Net income from discontinued operations net of taxes $ — $ 449 \n \n Net loss $ (2,966 ) $ (3,276 ) \n \n Other comprehensive loss \n Foreign currency translation adjustment (211 ) 48 \n Comprehensive loss $ (3,177 ) $ (3,228 ) \n \n Net income (loss) per common share: \n Continuing operations $ (0.29 ) $ (0.44 ) \n Discontinued operations $ — $ 0.05 \n Net loss per common share – basic and diluted $ (0.29 ) $ (0.39 ) \n Weighted average common shares outstanding – basic and diluted 10,396,906 8,374,928 \n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES \nCONDENSED CONSOLIDATED BALANCE SHEETS\n\n As of As of \n March 31, December 31, \n (in thousands, except share and per share data) 2026 2025 \n (Unaudited) \n Assets \n Current assets \n Cash and cash equivalents $ 22,451 $ 2,076 \n Restricted cash 626 589 \n Prepaid expenses and other current assets 1,172 779 \n Deferred tax asset, current 2,298 2,368 \n Total current assets 26,547 5,812 \n Deferred offering costs — 80 \n Property and equipment, net 392 417 \n Operating lease right-of-use asset, net 755 826 \n Intangible assets, net 10,717 10,507 \n Deferred tax asset, non-current 796 817 \n Other assets 76 60 \n Total assets $ 39,283 $ 18,519 \n \n Liabilities and stockholders’ equity \n Current liabilities \n Accounts payable $ 495 $ 804 \n Accrued expenses 2,686 3,373 \n Player liabilities 793 816 \n Due to affiliates 1,912 1,993 \n Operating leases obligation, current 225 166 \n Total current liabilities 6,111 7,152 \n Other liabilities 1,101 1,084 \n Operating lease obligation, noncurrent 573 641 \n Total liabilities 7,785 8,877 \n Stockholders’ equity \n Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding as of March 31, 2026 and December 31, 2025 — — \n Common stock, $0.001 par value; 60,000,000 shares authorized; 10,943,070 shares and 8,485,404 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 11 8 \n Additional paid-in capital 57,960 32,930 \n Accumulated deficit (27,265 ) (24,299 ) \n Accumulated other comprehensive income 792 1,003 \n Total stockholders’ equity 31,498 9,642 \n Total liabilities and stockholders’ equity $ 39,283 $ 18,519 \n\nThis Report includes Adjusted EBITDA and Adjusted Earnings (Loss) Per Share,\nwhich are non-GAAP financial measures that we use to supplement our results\npresented in accordance with U.S. GAAP. We believe Adjusted EBITDA and\nAdjusted Earnings (Loss) Per Share are useful in evaluating our operating\nperformance, similar to measures reported by our publicly-listed U.S.\ncompetitors, and regularly used by security analysts, institutional investors\nand other interested parties in analyzing operating performance and prospects.\n\nAdjusted EBITDA and Adjusted Earnings (Loss) Per Share are not intended to be\na substitute for any U.S. GAAP financial measure. As calculated, they may not\nbe comparable to other similarly titled measures of performance of other\ncompanies in other industries or within the same industry.\n\nWe define and calculate Adjusted EBITDA as net income (loss) before the impact\nof interest income and expense, income tax provision or benefit, and\ndepreciation and amortization, and further adjusted for the following items:\nstock-based compensation; and other non-recurring and non-operating costs or\nincome, as described in the reconciliation below.\n\nWe define and calculate Adjusted Earnings (Loss) Per Share as basic earnings\n(loss) per share attributable to common stockholders before the impact of\namortization of acquired intangible assets; stock-based compensation; and\nother non-recurring and non-operating costs or income, as described in the\nreconciliation below.\n\nWe include non-GAAP financial measures because they are used by management to\nevaluate our core operating performance and trends and to make strategic\ndecisions regarding the allocation of capital and new investments. Adjusted\nEBITDA and Adjusted Earnings (Loss) Per Share exclude certain expenses that\nare required in accordance with U.S. GAAP because they are non-recurring items\n(for example, in the case of severance costs), non-cash expenditures (for\nexample, in the case of amortization of acquired intangible assets,\ndepreciation and amortization and stock-based compensation), or non-operating\nitems which are not related to our underlying business performance (for\nexample, in the case of interest expense).\n\nHIGH ROLLER TECHNOLOGIES, INC. AND SUBSIDIARIES\nGAAP NET INCOME (LOSS) TO NON-GAAP ADJUSTED EBITDA\n\n For the Three Months Ended March 31, \n (in thousands) 2026 2025 \n \n Revenues $ 3,366 $ 5,195 \n Net loss from continuing operations (2,966 ) (3,725 ) \n Net income from discontinued operations net of taxes — 449 \n \n Add back items: \n Stock-based compensation expense (1) 260 308 \n Issuance of warrants 1,003 — \n Depreciation and amortization (2) 71 76 \n Interest expense, net (46 ) 46 \n Income tax 16 17 \n Foreign exchange transaction loss 72 178 \n Other (3) 310 127 \n Adjusted EBITDA $ (1,280 ) $ (2,973 ) \n\n(1) Includes restricted shares, stock options, equity-settled restricted share\nunits, cash-settled restricted share units and equity-settled\nperformance-based restricted share units granted to employees and directors\n(including related employer payroll taxes).\n\n(2) Includes amortization of intangible assets generated through business\nacquisitions and depreciation of property and equipment, amortization of\ncontract costs, and amortization of internally developed software and other\nintangible assets. Excludes amortization of right of use assets.\n\n(3) Includes severance costs and non-recurring compensation.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f7913bab-f660-4052-a5cc-89e11105f2d5)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-12T20:05:03.021542931Z","server_sent_at_ms":1778616303021},"received_at":"2026-05-12T20:05:03.349Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}