Galaxy Gaming (GLXZ), mcap=$61m, price $2.69 vs $3.37

$GLXZ pitch:
– Licensor of table games to traditional casinos – unique IP assets.
– Strong unit economics with 98%+ gross margins and 50% EBITDA margins.
– Projected to double EBITDA from ’22 to ’25. 200%+ upside.
– Potential to become a multi-year compounder.
– Multiple growth drivers – licenses in new states, signing up more casinos, upselling existing casinos, and iGaming.
– The litigation overhang is gone.
– An activist private investor was recently appointed to the board.

$GLXZ valuation:
– Factoring in 15% revenue growth and 56% EBITDA margins (vs 46% currently), results in $20m EBITDA by 2025.
– At 15x multiple, that’s $10.5 stock.

Exp. gain: +210% to $10.5/share by 2025.

Full GLXZ write-up (free guest account required):

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