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…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

To receive SMS text alerts from TinyGems, text “Gems” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.TinyGems.net

Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.net/Disclaimer

TinyGems Los Angeles, California www.TinyGems.net 310.299.1717 Office Editor@TinyGems.net

TinyGems is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.