High Roller Technologies (ROLR) Registration Filing summary

Company overview and business model

• Operates a global online iCasino platform offering over 3,000 games from 50+ providers, targeting high-value players with a focus on VIP experiences and rapid onboarding.

• Launched HighRoller.com in January 2022, replacing CasinoRoom.com, which was repositioned as an affiliate marketing portal.

• Utilizes a multi-brand strategy, launching Fruta.com in February 2024, and plans to launch at least one new brand annually.

• Operates under Curacao and Estonian licenses, with plans to enter regulated North American markets using IPO proceeds.

• Revenue is generated through a house edge on games, with additional income from affiliate marketing and lead generation.

Financial performance and metrics

• 2023 revenue was $29.7M, up 60% from $18.5M in 2022; Q1 2024 revenue was $6.5M, down 11% YoY.

• Net loss for 2023 was $2.8M, improved from $3.1M in 2022; Q1 2024 net loss was $1.85M.

• Cash and equivalents as of March 31, 2024, were $1.4M, with a working capital deficit of $6M and accumulated deficit of $23M.

• Pro forma cash post-IPO expected to be $15.4M; IPO will increase stockholders' equity to $12.3M.

• Quarterly active users grew 45% YoY in Q1 2024 to 22,370; 2023 saw 77% growth in active users to 51,400.

Use of proceeds and capital allocation

• Plans to use $4M for marketing and user acquisition, $4M for expansion into regulated markets, $2M for new brand launches, and the remainder for working capital.

• Intends to enter at least one regulated North American market within 12 months of IPO, with no specific target yet identified.

• May use a portion of proceeds for acquisitions or investments in complementary businesses.