Technology -
Electronic Gaming & Multimedia - NASDAQ - US
$ 2.04
-6.85 %
$ 263 M
Market Cap
-102.0
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
27.2 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
702 K USD 1
9-12 MONTHS
0 USD 0
Bought
333 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 month ago
Nov 21, 2024
|
Sell 13.6 K
USD
|
MCCHESNEY THOMAS
Director
|
- 5000
|
2.71 USD |
|
1 month ago
Nov 22, 2024
|
Sell 13.7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 5000
|
2.74 USD |
|
2 months ago
Nov 12, 2024
|
Bought
4.03 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 1499
|
2.69 USD |
|
2 months ago
Nov 07, 2024
|
Bought
87.6 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 30000
|
2.92 USD |
|
2 months ago
Nov 06, 2024
|
Bought
37.8 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 14038
|
2.69 USD |
|
2 months ago
Nov 01, 2024
|
Bought
62.7 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 25000
|
2.51 USD |
|
2 months ago
Oct 31, 2024
|
Bought
58.8 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 25000
|
2.35 USD |
|
2 months ago
Oct 30, 2024
|
Bought
61.3 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 25000
|
2.45 USD |
|
2 months ago
Oct 29, 2024
|
Bought
20.8 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 9059
|
2.3 USD |
|
7 months ago
Jun 17, 2024
|
Bought
0 USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 0
|
0 USD |
|
8 months ago
May 20, 2024
|
Sell 439 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 100000
|
4.392 USD |
|
8 months ago
May 06, 2024
|
Sell 37.6 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 9291
|
4.0432 USD |
|
8 months ago
May 07, 2024
|
Sell 162 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 37166
|
4.3603 USD |
|
8 months ago
Apr 24, 2024
|
Sell 62.9 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 15727
|
4 USD |
|
2 years ago
Jun 23, 2022
|
Sell 18.6 K
USD
|
MCCHESNEY THOMAS
director:
|
- 3870
|
4.8 USD |
|
2 years ago
Jun 17, 2022
|
Sell 7.63 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1530
|
4.99 USD |
|
2 years ago
Jun 17, 2022
|
Sell 3.49 K
USD
|
MCCHESNEY THOMAS
director:
|
- 750
|
4.65 USD |
|
2 years ago
Jun 15, 2022
|
Sell 499
USD
|
MCCHESNEY THOMAS
director:
|
- 100
|
4.99 USD |
|
2 years ago
Jun 16, 2022
|
Sell 14.6 K
USD
|
MCCHESNEY THOMAS
Director
|
- 3000
|
4.87 USD |
|
2 years ago
Jun 08, 2022
|
Sell 17.5 K
USD
|
MCCHESNEY THOMAS
Director
|
- 3500
|
5 USD |
|
2 years ago
Jun 09, 2022
|
Sell 7.23 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1500
|
4.82 USD |
|
2 years ago
Jun 08, 2022
|
Sell 7.73 K
USD
|
MCCHESNEY THOMAS
director:
|
- 1600
|
4.83 USD |
|
2 years ago
Jun 13, 2022
|
Sell 18.7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 3949
|
4.74 USD |
|
4 years ago
Sep 10, 2020
|
Sell 16.5 K
USD
|
MCCHESNEY THOMAS
Director
|
- 3000
|
5.5 USD |
|
4 years ago
Sep 11, 2020
|
Sell 13 K
USD
|
MCCHESNEY THOMAS
Director
|
- 2334
|
5.57 USD |
|
4 years ago
Sep 14, 2020
|
Sell 5.7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1000
|
5.7 USD |
|
4 years ago
Sep 17, 2020
|
Sell 5 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1000
|
5 USD |
|
4 years ago
Sep 21, 2020
|
Sell 5.22 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1000
|
5.22 USD |
|
4 years ago
Sep 22, 2020
|
Sell 5.2 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1000
|
5.2 USD |
|
4 years ago
Sep 24, 2020
|
Sell 25.1 K
USD
|
MCCHESNEY THOMAS
Director
|
- 4467
|
5.62 USD |
|
4 years ago
Dec 22, 2020
|
Sell 34.8 K
USD
|
MCCHESNEY THOMAS
Director
|
- 5000
|
6.95 USD |
|
4 years ago
Dec 23, 2020
|
Sell 710
USD
|
MCCHESNEY THOMAS
Director
|
- 100
|
7.1 USD |
|
4 years ago
Dec 28, 2020
|
Sell 19.3 K
USD
|
MCCHESNEY THOMAS
Director
|
- 2727
|
7.06 USD |
|
4 years ago
Dec 29, 2020
|
Sell 7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 1000
|
7 USD |
|
4 years ago
Dec 31, 2020
|
Sell 13.7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 2000
|
6.85 USD |
7. News
Golden Matrix Group (GMGI): Previews its 2025 Gaming Business Opportunity; Positioned for Growth in High-Potential Markets Due to Proprietary Tech Leadership
Las Vegas, Nevada--(Newsfile Corp. - December 31, 2024) - Golden Matrix Group (NASDAQ: GMGI), today announced a preview of its 2025 business growth opportunities in the gaming and technology sectors. This follows its year-to-date revenue growth of 55% to $105.3M, robust gross margins consistently above 55%, and a Price-to-Sales (P/S) ratio of 1.88.
newsfilecorp.com
- 2 weeks ago
Golden Matrix Group Resumes Stock Repurchase Program
LAS VEGAS, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that it has resumed its existing stock repurchase program.
globenewswire.com
- 4 weeks ago
Golden Matrix Group to Participate in the 2025 ICR Conference
LAS VEGAS, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that management will participate in the 2025 ICR Conference on January 13-15, 2025 at the Grande Lakes Resort in Orlando, FL.
globenewswire.com
- 1 month ago
Golden Matrix Group Inc. Files for Ontario Gaming License
LAS VEGAS, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) (“Golden Matrix” or the “Company”), a global developer, licensor, and operator of online gaming platforms, today announced Expanse Studios, a rising leader in the iGaming sector and part of the Golden Matrix Group, is thrilled to announce the commencement of the filing process for its B2B Gaming License registration in Ontario, Canada. This pivotal step marks a significant advancement in the Company's global expansion strategy as the company prepares to enter one of North America's most dynamic and regulated iGaming markets.
globenewswire.com
- 1 month ago
A Closer Look Into Golden Matrix Group's (GMGI) Sweepstakes Business Segments: Adding to Meridianbet's Success
Sliema, Malta--(Newsfile Corp. - December 13, 2024) - Golden Matrix Group, Inc. (NASDAQ: GMGI), the parent company of renowned brands such as Meridianbet, has seen significant contributions from its sweepstakes business segments as well - RKings Competitions and Classics for a Cause. These two brands have emerged as strong performers within the company's portfolio, blending entertainment with broader impact and adding notable value to its overall operations.
newsfilecorp.com
- 1 month ago
Golden Matrix Group Issues CEO Update on Strategic Progress and Key Developments
LAS VEGAS, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group, Inc. (NASDAQ: GMGI) (“GMGI,” “Golden Matrix,” or the “Company”), a developer, licensor, and global operator of online gaming and eCommerce platforms, systems and gaming content, today issued a corporate update from CEO Brian Goodman highlighting the Company's recent performance, strategic priorities and financial positioning.
globenewswire.com
- 1 month ago
Golden Matrix Group (GMGI) Balances 85% Insider Ownership with Growing Institutional Backing Following Meridianbet Acquisition
Sliema, Malta--(Newsfile Corp. - November 29, 2024) - High insider ownership is often seen as a double-edged sword, but it also reflects strong leadership commitment. Following the acquisition of Meridianbet, 85% of shares in Golden Matrix Group (NASDAQ: GMGI) are held by insiders—a clear indication of alignment between leadership and shareholder interests.
newsfilecorp.com
- 1 month ago
Meridianbet (GMGI) and Crvena Zvezda Seal Euroleague's First Logo Integration Deal
Sliema, Malta--(Newsfile Corp. - November 21, 2024) - Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda. To view the full announcement, including downloadable images, bios, and more, click here.
newsfilecorp.com
- 1 month ago
Meridianbet Redefines Sports Sponsorship with Europe's First Emblem Integration Deal with BC Crvena Zvezda
VALLETTA, Malta, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a global sports betting and gaming brand, part of the Golden Matrix Group Inc. (NASDAQ: GMGI), has advanced its strategic partnership with Euroleague basketball powerhouse Crvena Zvezda.
globenewswire.com
- 1 month ago
Golden Matrix Group, Inc. (GMGI) Q3 2024 Earnings Call Transcript
Golden Matrix Group, Inc. (NASDAQ:GMGI ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Unidentified Company Representative - Brian Goodman - CEO Zoran Milošević - CEO of Merdianbet Group Conference Call Participants Operator Thank you and good morning, everyone. Welcome to Golden Matrix Group's Third Quarter 2024 Earnings Call.
seekingalpha.com
- 2 months ago
Meridianbet Foundation (GMGI) Marks Five Years of Successful Global Scholarship Program
Sliema, Malta--(Newsfile Corp. - November 4, 2024) - For the fifth consecutive year, the Meridianbet Foundation is proud to recognize and reward exceptional academic talent through its scholarship program. This program now reaches students across all markets where Meridianbet operates, supporting their academic journey and professional aspirations with meaningful financial awards and industry exposure.
newsfilecorp.com
- 2 months ago
Meridianbet Launches AI-Powered "I'm Feeling Lucky" Online Casino Feature, Setting New iGaming Industry Standard
Revolutionary feature combines spontaneous game discovery with AI-driven personalization Early adoption shows 40% increase in new game exploration Projected to drive 15% increase in player lifetime value Seamlessly integrated with Meridianbet's AI Casino Recommender VALLETTA, Malta, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a leading European online gaming operator and part of the Golden Matrix Group Inc. (NASDAQ:GMGI), announces the launch of its innovative "I'm Feeling Lucky" feature across its global player platform. This AI-powered feature directly addresses user acquisition costs and retention metrics, two key drivers of profitability in the iGaming sector.
globenewswire.com
- 2 months ago
8. Profile
Summary
Golden Matrix Group, Inc. GMGI
COUNTRY
US
INDUSTRY
Electronic Gaming & Multimedia
MARKET CAP
$ 263 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
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
Mr. Brett Goodman
Senior Vice President
Ms. Weiting Feng
Chief Operating Officer, Chief Financial Officer & Director