Technology -
Electronic Gaming & Multimedia - NASDAQ - US
$ 2.04
-2.86 %
$ 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
0 USD 0
3-6 MONTHS
27.2 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
702 K USD 1
Bought
1.31 M USD 1
0-3 MONTHS
402 K USD 1
3-6 MONTHS
0 USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 weeks ago
Feb 18, 2025
|
Bought
186 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 100000
|
1.86 USD |
|
2 weeks ago
Feb 14, 2025
|
Bought
185 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 100000
|
1.85 USD |
|
2 weeks ago
Feb 13, 2025
|
Bought
185 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 100000
|
1.85 USD |
|
2 weeks ago
Feb 12, 2025
|
Bought
370 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 200000
|
1.85 USD |
|
3 weeks ago
Feb 11, 2025
|
Bought
37 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 20000
|
1.85 USD |
|
3 weeks ago
Feb 10, 2025
|
Bought
74 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 40000
|
1.85 USD |
|
3 weeks ago
Feb 06, 2025
|
Bought
37 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 20000
|
1.85 USD |
|
3 weeks ago
Feb 05, 2025
|
Bought
37 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 20000
|
1.85 USD |
|
3 months ago
Nov 14, 2024
|
Bought
68.8 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 25000
|
2.75 USD |
|
4 weeks ago
Feb 04, 2025
|
Bought
109 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 55313
|
1.97 USD |
|
4 weeks ago
Feb 03, 2025
|
Bought
90 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 50000
|
1.8 USD |
|
3 months ago
Nov 21, 2024
|
Sell 13.6 K
USD
|
MCCHESNEY THOMAS
Director
|
- 5000
|
2.71 USD |
|
3 months ago
Nov 22, 2024
|
Sell 13.7 K
USD
|
MCCHESNEY THOMAS
Director
|
- 5000
|
2.74 USD |
|
3 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 |
|
3 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 |
|
3 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 |
|
4 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 |
|
4 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 |
|
4 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 |
|
4 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 |
|
8 months ago
Jun 17, 2024
|
Bought
0 USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group
|
+ 0
|
0 USD |
|
9 months ago
May 20, 2024
|
Sell 439 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 100000
|
4.392 USD |
|
9 months ago
May 06, 2024
|
Sell 37.6 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 9291
|
4.0432 USD |
|
9 months ago
May 07, 2024
|
Sell 162 K
USD
|
Feng Weiting
Chief Operating Officer
|
- 37166
|
4.3603 USD |
|
10 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
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 weeks ago
Meridianbet Reports Over $9 Million in January 2025 Revenue, Achieving 24% YoY Growth
VALETTA, Malta, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Meridianbet, part of the Golden Matrix Group, Inc. (NASDAQ: GMGI), a leading provider of innovative betting, gaming and technology solutions across 19 markets worldwide, today announced record-breaking revenue for January 2025, exceeding $9 million, marking the strongest month in the company's history and beating the January 2024 revenue by 24%. Important note: Meridianbet's reported financial results for January 2025 do not represent the consolidated financials of Golden Matrix Group, Inc. (GMGI).
globenewswire.com
- 2 weeks ago
Golden Matrix (GMGI) Ready for Super Bowl LIX with 900+ AI-Powered Lines & Prop Bets
Las Vegas, Valetta--(Newsfile Corp. - February 9, 2025) - The Super Bowl LVIII is just hours away. Meridianbet, part of Golden Matrix Group (NASDAQ: GMGI), is setting new industry standards, rolling out a record-breaking 880+ unique betting options for the biggest sporting event in the U.S. Meridianbet, part of the GMGI, is also bringing innovation to Super Bowl LVIII with its AI Sports Betting Recommender, an advanced feature that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends to suggest the most relevant betting options.
newsfilecorp.com
- 3 weeks ago
Meridianbet Ready for Super Bowl LIX Record with with 900+ AI-Powered Lines & Prop Bets
Over 880 unique betting options now available, surpassing last year's record-breaking offer Philadelphia Eagles hold a 1.5-point spread advantage over the Kansas City Chiefs, with Eagles as -120 moneyline favorites Exclusive betting options include Scorigami, first coach to call a challenge, longest pass completion, jersey number props, and much more Meridianbet's Empty Bet feature allows users to wager on custom bets, offering unparalleled flexibility Extensive NCAA March Madness coverage—with more than 500 betting options per game—providing unmatched variety LAS VEGAS and VALLETTA, Malta, Feb. 09, 2025 (GLOBE NEWSWIRE) -- The Super Bowl LVIII is just hours away and Meridianbet, part of Golden Matrix Group (NASDAQ: GMGI), is setting new industry standards, rolling out a record-breaking 880+ unique betting options for the biggest sporting event in the U.S. Meridianbet is also bringing innovation to Super Bowl LVIII with its AI Sports Betting Recommender, an advanced feature that personalizes betting experiences by analyzing player behavior, past wagers, and real-time trends to suggest the most relevant betting options. This AI-driven approach enhances user engagement, making it easier for bettors to discover tailored opportunities with maximum potential.
globenewswire.com
- 3 weeks ago
Golden Matrix (GMGI) Integrates with Second U.S. Sweepstakes Operator
Las Vegas, Nevada--(Newsfile Corp. - February 7, 2025) - Expanse Studios, part of Golden Matrix Group Inc. (NASDAQ: GMGI), continues to expand its presence in the U.S. sweepstakes market, successfully integrating with its second major U.S. social casino operator. This new integration brings Expanse Studios' portfolio of premium slots, crash games, and table games to players across 40+ states, including key markets such as California, New York, and Florida.
newsfilecorp.com
- 3 weeks ago
Meridianbet Listed on Oracle's Global Tech Reference Page
VALLETTA, Malta, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI) has been featured on Oracle's Global Reference Page—a dedicated platform showcasing the most advanced, high-impact projects implemented with Oracle technology, a global leader in enterprise tech powering the world's top businesses. This makes Meridianbet the first and only betting company from Southeast Europe to receive this recognition for its AI-driven approach to customer engagement, automation, and scalable marketing solutions.
globenewswire.com
- 3 weeks ago
Meridianbet (GMGI) Listed on Oracle's Global Tech Reference Page
Las Vegas, Nevada--(Newsfile Corp. - February 7, 2025) - Meridianbet, the sports betting and iGaming division of Golden Matrix Group (NASDAQ: GMGI) has been featured on Oracle's Global Customer Reference Page--a dedicated platform showcasing the most advanced, high-impact projects implemented with Oracle technology, a global leader in enterprise tech powering the world's top businesses. To view the full announcement, including downloadable images, bios, and more, click here.
newsfilecorp.com
- 3 weeks ago
GMGI's Expanse Doubles U.S. Sweepstakes Game Lineup
Las Vegas, Nevada--(Newsfile Corp. - January 17, 2025) - Expanse Studios, the in-house development division of Golden Matrix Group Inc. (NASDAQ: GMGI), continues to strengthen its position at the US. In just a few weeks since entering the U.S. sweepstakes casino market in late 2024, Expanse Studios has doubled the number of games it supplies, underscoring its rapid growth and ability to deliver high-quality gaming solutions.
newsfilecorp.com
- 1 month ago
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 months 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
- 2 months 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
- 2 months 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
- 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
Ms. Weiting Feng
Chief Operating Officer, Chief Financial Officer & Director
Mr. Anthony Brian Goodman
Chief Executive Officer, President, Secretary, Treasurer & Director
Mr. Henry Zhang
Chief Technology Officer
Mr. Zoran Milosevic
Chief Executive Officer of Meridianbet Group
Mr. Brett Goodman
Senior Vice President