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 VIP experience and rapid onboarding.

• Rebranded from CasinoRoom.com to HighRoller.com in 2022, with CasinoRoom.com now serving as an affiliate marketing portal.

• Implements a multi-brand strategy, launching Fruta.com in 2024 and planning at least one new brand annually.

• Generates revenue through a house edge on games, with a focus on customer acquisition, retention, and responsible gaming tools.

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

Financial performance and metrics

• 2023 revenue grew 60% to $29.7M 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 at March 31, 2024 were $1.4M, with a working capital deficit of $6M and accumulated deficit of $23M.

• 2023 user metrics: 51,400 active users, $714M in wagers, $75M in deposits, and 49,800 unique depositors.

• Gross margins impacted by shift to market-rate lead generation; foreign currency losses expected to decline in 2024.

Use of proceeds and capital allocation

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

• Expects proceeds and existing cash to fund operations for 18–24 months.

• May use a portion for acquisitions or investments in complementary businesses, though no commitments exist.