GMGI - Golden Matrix Group Inc. (NASDAQ: GMGI) Reports a Record $9 Million in Quarterly Revenues
- Golden Matrix Group Inc revealed that revenues for the third fiscal quarter ending July 21, 2022, exceeded $9 million
- The record top-line result marks a significant, 177% increase on a year-over-year basis
- Management attributed the strong performance to continued growth within the company’s B2B and B2C segments, noting that there were approximately 635 operators and 6.5mn registered users across its platforms at the present juncture
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, set a record for the third fiscal quarter ended July 21, 2022, reporting revenues exceeding $9 million – equivalent to an estimated 177 percent increase relative to the $3.25 million registered in the equivalent period a year ago. Moreover, the company’s strong third quarter results will likely extend Golden Matrix Group’s robust recent performance, a trend which saw the company report its 15th consecutive quarter of profitability in 2QFY2022.
While detailed quarterly results are set to be released following the submission of the company’s Form 10-Q, which is set to be filed with the Securities and Exchange Commission in early September 2022, Golden Matrix Group’s strong top-line performance is likely to stem from continued development and...
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at http://ibn.fm/GMGI
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