GAN Limited Records Net Loss of $18.4 Million in Q2 2023
Steady Revenue of $33.8 Million for GAN Limited in Q2 2023
GAN Limited,(GAN) a leading provid er of online gaming solutions, announced its unaudited financial results for the second quarter of 2023. The company reported a narrowing net loss and steady revenue amidst a dynamic and competitive industry landscape.
GAN Limited reported a net loss of $18.4 million for the second quarter of 2023, a reduction from the net loss of $38.3 million reported in the same period last year. This improvement was attributed to various strategic measures and operational efficiencies implemented by the company.
Despite the challenging market conditions, GAN Limited managed to maintain its revenue at $33.8 million for the second quarter of 2023, which was nearly in line with the revenue of $34.9 million generated during the same quarter in 2022.
