GMGI - InvestorNewsBreaks - Golden Matrix Group Inc. (NASDAQ: GMGI) Releases Q1 Financial Report with Record $10.5M Revenues
Golden Matrix Group (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, is reporting record revenues for its first quarter, ending Jan. 31, 2023. The report shows that revenues reached more than $10.5 million for the quarter, an estimated 19% improvement on $8.8 million revenues for the same quarter last year and a 10% increase over $9.57 million revenues for the previous quarter. Additional financial results for the quarter will be available in GMGI’s quarterly report on 10-Q filing, which should be filed on or before March 15, 2023. “Our new fiscal year is off to a great start, with the first quarter in our Company’s history to record more than $10 million in revenues,” said Golden Matrix Group CEO Brian Goodman in the press release. “Our core business-to-business platform for operators throughout the Asia Pacific region remains strong, and we are now seeing an acceleration of growth in the company’s business-to-consumer segment, UK-based RKings Competitions Ltd. . . . Improvements in marketing, customer acquisition costs and operating efficiencies at RKings are paying off as evidenced by the B2C platform’s enhanced performance. Additionally, we believe we have positioned RKings’ highly scalable platform to be introduced into other regions, beginning with Mexico this year.”
To view the full press release, visit https://ibn.fm/2T9AZ
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established B2B and B2C gaming technology company operating across multiple international markets. The B2B division of Golden Matrix develops and licenses proprietary gaming platforms for its extensive list of clients and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The company’s sophisticated software automatically declines any gaming or redemption requests from within the United States, in strict compliance with current U.S. law. For more information about the company, visit www.GoldenMatrix.com
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