Golden Matrix Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2023
September 07, 2023 at 05:31 pm IST
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Golden Matrix Group, Inc. reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported sales was USD 11.31 million compared to USD 9.1 million a year ago. Revenue was USD 11.31 million compared to USD 9.1 million a year ago. Net loss was USD 0.965628 million compared to net income of USD 0.628332 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 32.39 million compared to USD 26.46 million a year ago. Revenue was USD 32.39 million compared to USD 26.46 million a year ago. Net loss was USD 1.94 million compared to net income of USD 1.56 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.
Golden Matrix Group, Inc. is a gaming technology company operating across multiple international markets. The Companyâs the business-to-business (B2B) segment charges for usage of the Companyâs software, and royalties charged on the use of third-party gaming content. This segment develops and licenses proprietary gaming platforms for its extensive list of clients and RKingsCompetitions Ltd. (RKings). The business-to-consumer (B2C) division operates a high-volume e-commerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The segment also includes pay to enter prize competitions in the United Kingdom as well as the Companyâs online casino Website (and related activities) in Mexico. The Companyâs B2B and B2C casino, sports betting and tournament platforms creates a global enterprise operating in 17 countries on four continents. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico.
GOLDEN MATRIX GROUP, INC. 