High Roller Technologies director Michael Cribari buys $10,017 in stock

Michael Cribari, a director and ten percent owner at High Roller Technologies, Inc. (NASDAQ:ROLR), recently made an open market purchase of the company’s stock. According to a Form 4 filing with the Securities and Exchange Commission, Cribari acquired 4,209 shares of common stock on May 20, 2025, at a weighted average price of $2.38 per share. The purchase comes as the stock trades near its 52-week low of $2.01, having declined over 74% in the past year. This transaction, amounting to a total value of $10,017, was conducted in accordance with the company’s trading policies. Following this acquisition, Cribari holds a direct ownership of 38,722 shares in the company. Additionally, Cribari has indirect ownership interests through various entities, totaling over 3.3 million shares. According to InvestingPro, the company’s market capitalization stands at $16.83 million, with analysis showing concerning cash burn rates and weak financial health metrics. For deeper insights into ROLR’s financial health and additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, High Roller Technologies reported its financial results for the first quarter of 2025, showing a 4% increase in revenue year-over-year to $6.8 million. Despite this revenue growth, the company’s net loss widened significantly to $3.3 million, attributed mainly to a 50% increase in marketing expenses. The company is focusing on strategic market entries, particularly in Ontario and Alberta, to drive future growth. In leadership changes, High Roller Technologies appointed Adam Felman as the new Chief Financial Officer. Felman, with a strong background in the gaming industry, is expected to guide the company through its next phase of growth. Additionally, High Roller Technologies added 750 new games and 30,000 new active depositing customers in the first quarter. The company is also exploring entry into the sports betting market, which could provide a new revenue stream. High Roller Technologies remains optimistic about its prospects in regulated markets, with plans to enter Ontario later in 2025.

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