LAS VEGAS—High Roller Technologies, Inc. (NASDAQ:ROLR) Chief Executive Officer Benjamin Clemes recently acquired 6,250 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a price of $8.00 each, totaling $50,000. Following this transaction, Clemes now holds 61,353 shares directly.
In addition to the stock purchase, Clemes holds a significant number of restricted stock units (RSUs), which are set to vest based on specific conditions. A total of 30,405 RSUs are scheduled to vest in three equal installments on January 1 of 2025, 2026, and 2027. Furthermore, 60,812 RSUs are tied to the company's performance, with vesting contingent upon achieving specified net gaming revenue targets for the fiscal years ending December 31, 2024, and December 31, 2025.
These transactions highlight Clemes' continued investment in High Roller Technologies, as he aligns his interests with those of the company's shareholders.
InvestingPro Insights
Building on CEO Benjamin Clemes' recent stock acquisition, InvestingPro data offers additional context for High Roller Technologies' (NASDAQ:ROLR) current financial position. The company's market capitalization stands at $65.3 million, reflecting its relatively small size in the gaming technology sector.
Despite Clemes' confidence, as demonstrated by his recent purchase, InvestingPro Tips indicate that ROLR is not currently profitable, with a negative P/E ratio of -11.58 over the last twelve months as of Q3 2023. This aligns with the company's operating income of -$5.22 million and EBITDA of -$5.06 million for the same period.
Interestingly, ROLR is trading near its 52-week high, with its current price at 92.48% of that peak. This could suggest that investors share some of Clemes' optimism about the company's future prospects, possibly related to the performance-based RSUs tied to future revenue targets.
The company operates with a moderate level of debt, which could provide flexibility as it works towards profitability. However, short-term obligations exceeding liquid assets may present challenges in the near term.
For investors seeking a more comprehensive analysis, InvestingPro offers 6 additional tips for ROLR, providing a deeper understanding of the company's financial health and market position.
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