Technology -
Electronic Gaming & Multimedia - NASDAQ - US
$ 2.05
6.77 %
$ 271 M
Market Cap
-205.0
P/E
1. INTRINSIC VALUE
Balance Sheet
Golden Matrix Group, Inc.
| Current Assets | 22.9 M |
| Cash & Short-Term Investments | 17.1 M |
| Receivables | 3.88 M |
| Other Current Assets | 1.87 M |
| Non-Current Assets | 12.7 M |
| Long-Term Investments | 0 |
| PP&E | 103 K |
| Other Non-Current Assets | 12.6 M |
| Current Liabilities | 4.48 M |
| Accounts Payable | 2.85 M |
| Short-Term Debt | 59.1 K |
| Other Current Liabilities | 1.57 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Golden Matrix Group, Inc.
| Revenue | 44.2 M |
| Cost Of Revenue | 34.3 M |
| Gross Profit | 9.87 M |
| Operating Expenses | 10.4 M |
| Operating Income | -526 K |
| Other Expenses | 647 K |
| Net Income | -1.17 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Golden Matrix Group, Inc.
| Net Income | -1.17 M |
| Depreciation & Amortization | 481 K |
| Capital Expenditures | -65.3 K |
| Stock-Based Compensation | 2.18 M |
| Change in Working Capital | 413 K |
| Others | 597 K |
| Free Cash Flow | 2.14 M |
Wall Street Analysts Price Targets
Golden Matrix Group, Inc.
GMGI has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
GMGI does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
Golden Matrix Group, Inc.
Sold
0-3 MONTHS
26.2 K USD 1
3-6 MONTHS
27.2 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
702 K USD 1
Bought
2.3 M USD 1
0-3 MONTHS
402 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 1
9-12 MONTHS
7. News
Meridianbet (GMGI) Launches "Watch & Bet" -- New In-Play Feature to Accelerate User Monetization and Core Revenue Growth
Valletta, Malta--(Newsfile Corp. - April 4, 2025) - Meridianbet, part of Golden Matrix Group Inc. (NASDAQ: GMGI), today announced the launch of Watch & Bet, a new mobile feature that enables users to stream live sports in full-screen mode while placing in-play bets simultaneously. The feature is built to increase in-play betting volume, extend session duration, and drive higher revenue per active user, directly supporting growth in turnover, user value, and margin.
newsfilecorp.com
- 2 weeks ago
Argus Research Initiates Equity Research Report Coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI)
NEW YORK , April 3, 2025 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Golden Matrix Group, Inc. (NasdaqCM: GMGI) Click Here to view the full Argus Equity Research Report. COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include: GMGI: Growing Player in Global Gaming and Betting Markets Expanding Footprint: Golden Matrix Group provides a broad and growing array of software solutions, products, and services to the gaming industry, offering casino, sportsbook, and other competition products under B2B and B2C models.
prnewswire.com
- 2 weeks ago
Expanse Studios (GMGI) Secures Brazilian iGaming Certification
Las Vegas, Nevada--(Newsfile Corp. - April 2, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has received the game certification for the Brazilian market. Issued by Gaming Laboratories International (GLI).
newsfilecorp.com
- 2 weeks ago
Expanse (GMGI) Strengthens European Presence with Slotino Integration
Las Vegas, Nevada--(Newsfile Corp. - March 17, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its international expansion with a new partnership with Slotino, one of Bulgaria's leading online casino operators. Facilitated by Dench eGaming Solutions, this integration strengthens Expanse Studios' presence in Europe's fast-growing iGaming sector, following its successful entry into the U.S. social casino and sweepstakes market.
newsfilecorp.com
- 1 month ago
Meridianbet (GMGI) Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Lagos, Valetta--(Newsfile Corp. - March 13, 2025) - Meridianbet, a subsidiary of Golden Matrix Group, Inc. (NASDAQ: GMGI), has officially launched its B2B operations in Nigeria, one of the largest and fastest-growing betting markets in Africa. The company's entry into Nigeria further strengthens its 20-year presence in Africa, leveraging its proven track record in regulated markets to deliver world-class gaming products.
newsfilecorp.com
- 1 month ago
Meridianbet Expands B2B Operations into Nigeria, Entering a Regulated $2 Billion Betting Market
Meridianbet, part of Golden Matrix (NASDAQ: GMGI), expands B2B operations into Nigeria with a licensed launch, tapping into a $2B market and driving growth
globenewswire.com
- 1 month ago
Expanse (GMGI) Submits Application for iGaming License in Romania
Valletta, Malta--(Newsfile Corp. - March 11, 2025) - Expanse Studios, a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), continues its strategic expansion by applying for a Class 2 iGaming license in Romania. This license, issued by Romania's National Gambling Office (ONJN), will allow Expanse Studios to distribute its proprietary gaming content to licensed operators across the regulated Romanian market.
newsfilecorp.com
- 1 month ago
Meridianbet (GMGI) Executes 258 CSR Actions in 2024, Launches Global Book Donation Campaign to Support Culture and Education
Valletta, Malta--(Newsfile Corp. - March 7, 2025) - Meridianbet, part of the Golden Matrix Group (NASDAQ: GMGI), executed 258 Corporate Social Responsibility (CSR) initiatives across Europe, Africa, and Latin America in 2024, focusing on healthcare, education, responsible gambling, and environmental sustainability. To view the full announcement, including downloadable images, bios, and more, click here.
newsfilecorp.com
- 1 month ago
Institutional Confidence in Golden Matrix Group (GMGI) Soars in Q4 2024
Las Vegas, Nevada--(Newsfile Corp. - March 3, 2025) - Publicly disclosed data shows a significant increase in institutional ownership of Golden Matrix Group, Inc. (NASDAQ: GMGI) in Q4 2024 compared to Q3 2024. Several major institutional investors increased their positions, while new investors also acquired stakes in the company, indicating strengthened institutional support.
newsfilecorp.com
- 1 month ago
Expanse (GMGI) Completes 5th U.S. Sweepstakes Integration, Now Live with Yotta
Las Vegas, Nevada--(Newsfile Corp. - February 28, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has officially launched its gaming content on Yotta, marking the fifth U.S. sweepstakes casino integration for the company. Yotta operates in 46 US states and has built a strong player base of over 900,000 users.
newsfilecorp.com
- 1 month ago
Expanse Studios (GMGI) Completes 4th U.S. Sweepstakes Integration
Las Vegas, Nevada--(Newsfile Corp. - February 25, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed its fourth major integration in the U.S. sweepstakes market, further solidifying its presence across 40+ states. The latest partnership has been facilitated through Casimba Gaming and extended Expanse Studios' third-party distribution strategy, allowing its proprietary slots, crash games, and table games to reach an even broader network of regulated sweepstakes operators.
newsfilecorp.com
- 1 month ago
Expanse (GMGI) Launches Game #55, Adds to U.S. Social Casino-Compatible Offer
Las Vegas, Nevada--(Newsfile Corp. - February 14, 2025) - The U.S. sweepstakes and social casino market is evolving rapidly, and Expanse Studios--part of Golden Matrix Group Inc. (NASDAQ: GMGI)--continues to expand its footprint with its latest release, Candy's Bonanza. To view the full announcement, including downloadable images, bios, and more, click here.
newsfilecorp.com
- 2 months ago
8. Profile
Summary
Golden Matrix Group, Inc. GMGI
COUNTRY
US
INDUSTRY
Electronic Gaming & Multimedia
MARKET CAP
$ 271 M
Dividend Yield
0.00%
Description
Golden Matrix Group, Inc. provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region and Europe. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.
Contact
3651 Lindell Road, Las Vegas, NV, 89103
https://www.goldenmatrix.com
IPO
Date
Oct. 30, 2009
Employees
1200
Officers
Ms. Weiting Feng
Chief Operating Officer, Chief Financial Officer & Director
Mr. Brett Goodman
Senior Vice President
Mr. Henry Zhang
Chief Technology Officer
Mr. Anthony Brian Goodman
Chief Executive Officer, President, Secretary, Treasurer & Director
Mr. Zoran Milosevic
Chief Executive Officer of Meridianbet Group