Regulatory Changes
Could impact operations and profitability
- Materiality
- high
Hacksaw
Hacksaw is a B2B technology platform and game development company that operates across the iGaming value chain. Based in Stockholm, Sweden, Hacksaw develops and distributes digital slots, scratch cards, and instant win games. The company is known for its scalable and modular platform, which supports rapid game development and distribution. Hacksaw's shares are listed on Nasdaq Stockholm, and the company has experienced significant growth in recent years, driven by strong game releases and strategic partnerships.
254
7.02
6.10
| % | |
|---|---|
| Digital Slots | 40% Includes in-house developed slot games |
| Scratch Cards | 20% Comprises digital scratch card games |
| Instant Win Games | 15% Features instant win digital games |
| Game Development Platform | 15% Platform for developing and distributing games |
| Third-party Game Distribution | 10% Distribution of games from third-party studios |
Hacksaw's customers are primarily large private and state-owned iGaming operators. These operators seek innovative and...
- Private iGaming Operatorsprimary
Purchase digital slots and games for player engagement
- State-owned Gaming Operatorssecondary
Use Hacksaw's platform for expanding digital offerings
- Third-party Game Studiosemerging
Distribute games via Hacksaw's platform
Hacksaw is headquartered in Stockholm, Sweden, with its gaming operations based in Malta...
- •Headquartered in Stockholm, Sweden
- •Gaming operations based in Malta
- •Diverse geographic presence with no country over 10% of bets
- •Expansion into Canadian market with Alberta approval
- •Geographic diversification mitigates market-specific risks
Hacksaw's strategic priorities focus on maintaining high growth and profitability through continuous game development...
01
Game Portfolio Expansionshort-term
To enhance market offering and attract players
02
Geographic Expansionmedium-term
To diversify market presence and reduce regional dependency
03
Talent and Technology Investmentlong-term
To sustain competitive edge and innovation
Hacksaw faces several business and financial risks, including regulatory changes in the iGaming industry, which could...
Innovation Requirement
Need to keep up with market trends
- Materiality
- high
Client Concentration
Reliance on a few large clients
- Materiality
- medium
Currency Fluctuations
International operations expose to currency risks
- Materiality
- medium
Revenue Recognition
high
Currency Fluctuations
medium
Warrant Valuation
medium
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: 11/08/2026