Technology - Electronic Gaming & Multimedia - NASDAQ - US
$ 2.49
-6.39 %
$ 321 M
Market Cap
-124.5
P/E
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.[ Read More ]
The intrinsic value of one GMGI stock under the base case scenario is HIDDEN Compared to the current market price of 2.49 USD, Golden Matrix Group, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart GMGI
FINANCIALS
36 M
REVENUE
192 K
OPERATING INCOME
44 K
NET INCOME
2.77 M
OPERATING CASH FLOW
-4.41 M
INVESTING CASH FLOW
32 K
FINANCING CASH FLOW
11.3 M
REVENUE
-892 K
OPERATING INCOME
-966 K
NET INCOME
322 K
OPERATING CASH FLOW
-9
INVESTING CASH FLOW
0
FINANCING CASH FLOW
Balance Sheet Decomposition
Golden Matrix Group, Inc.
| Current Assets | 19.3 M |
| Cash & Short-Term Investments | 14.9 M |
| Receivables | 3.05 M |
| Other Current Assets | 1.28 M |
| Non-Current Assets | 13.3 M |
| Long-Term Investments | 0 |
| PP&E | 223 K |
| Other Non-Current Assets | 13.1 M |
| Current Liabilities | 2.72 M |
| Accounts Payable | 1.39 M |
| Short-Term Debt | 95.1 K |
| Other Current Liabilities | 1.23 M |
| Non-Current Liabilities | 59.8 K |
| Long-Term Debt | 59.8 K |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Golden Matrix Group, Inc.
| Revenue | 36 M |
| Cost Of Revenue | 26.9 M |
| Gross Profit | 9.16 M |
| Operating Expenses | 8.97 M |
| Operating Income | 192 K |
| Other Expenses | 148 K |
| Net Income | 44 K |
RATIOS
25.43%
GROSS MARGIN
0.53%
OPERATING MARGIN
0.12%
NET MARGIN
0.16%
ROE
0.14%
ROA
0.07%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Golden Matrix Group, Inc.
| Net Income | 44 K |
| Depreciation & Amortization | 407 K |
| Capital Expenditures | -158 K |
| Stock-Based Compensation | 2.66 M |
| Change in Working Capital | -235 K |
| Others | -195 K |
| Free Cash Flow | 2.61 M |
Wall Street Analysts Price Targets
Golden Matrix Group, Inc.
GMGI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Golden Matrix Group, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
439 K USD 1
6-9 MONTHS
263 K USD 1
9-12 MONTHS
0 USD 0
Bought
333 K USD 1
0-3 MONTHS
0 USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 days ago
Nov 12, 2024
|
Bought 4.03 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group |
+ 1499
|
2.69 USD |
|
1 week ago
Nov 07, 2024
|
Bought 87.6 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group |
+ 30000
|
2.92 USD |
|
1 week 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 weeks 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 weeks 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 weeks 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 weeks ago
Oct 29, 2024
|
Bought 20.8 K USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group |
+ 9059
|
2.3 USD |
|
5 months ago
Jun 17, 2024
|
Bought 0 USD
|
Milovanovic Aleksandar
10 percent owner, other: Member of 10% Reporting Group |
+ 0
|
0 USD |
|
5 months ago
May 20, 2024
|
Sell 439 K USD
|
Feng Weiting
Chief Operating Officer |
- 100000
|
4.392 USD |
|
6 months ago
May 06, 2024
|
Sell 37.6 K USD
|
Feng Weiting
Chief Operating Officer |
- 9291
|
4.0432 USD |
|
6 months ago
May 07, 2024
|
Sell 162 K USD
|
Feng Weiting
Chief Operating Officer |
- 37166
|
4.3603 USD |
|
6 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 |
|
3 years ago
Dec 22, 2020
|
Sell 34.8 K USD
|
MCCHESNEY THOMAS
Director |
- 5000
|
6.95 USD |
|
3 years ago
Dec 23, 2020
|
Sell 710 USD
|
MCCHESNEY THOMAS
Director |
- 100
|
7.1 USD |
|
3 years ago
Dec 28, 2020
|
Sell 19.3 K USD
|
MCCHESNEY THOMAS
Director |
- 2727
|
7.06 USD |
|
3 years ago
Dec 29, 2020
|
Sell 7 K USD
|
MCCHESNEY THOMAS
Director |
- 1000
|
7 USD |
|
3 years ago
Dec 31, 2020
|
Sell 13.7 K USD
|
MCCHESNEY THOMAS
Director |
- 2000
|
6.85 USD |
7. News
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
- 4 days 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
- 1 week 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 weeks ago
Golden Matrix Raises The Stakes In Global IGaming
Q2 2024 financials show revenue up 75%, driven by the GMAG iGaming platform with massive growth in wagers. R Kings Competitions grew 43% in Q2, reaching $9.6 million, attracting over 53,000 new players. Financially strong: EBITDA $5.4M in Q2, cash reserves at $40M, leverage ratio of 1.6.
seekingalpha.com
- 2 weeks ago
Golden Matrix Group Subsidiary Meridianbet Launches Revolutionary AI-Powered Bet Recommender
LAS VEGAS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems, and content, today announced the launch of the AI-powered Bet Recommender by its sports betting division Meridianbet.
globenewswire.com
- 3 weeks ago
Meridianbet Launches Industry-Leading NBA Betting Offer with Over 2,000 Markets Per Game
Comprehensive selection of 2,000+ betting markets for every NBA game Advanced player prop bets and same-game parlay options Competitive odds matching top-tier US sportsbooks VALLETTA, Malta, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Meridianbet, a leading sports betting operator and part of the Golden Matrix Group (GMGI) announces an unprecedented expansion of its NBA betting markets for the 2024-25 season. With over 2,000 betting options per game, Meridianbet continues to demonstrate its commitment to providing US sports enthusiasts with an unmatched betting experience.
globenewswire.com
- 3 weeks ago
Golden Matrix Group to Present at the LD Micro Main Event XVII October 28th-30th 2024
Las Vegas, Nevada--(Newsfile Corp. - October 14, 2024) - Golden Matrix Group Inc. (NASDAQ: GMGI) ("Golden Matrix" or the "Company"), a developer and licensor of online gaming platforms, systems, and gaming content, has been invited to present at the 17th Annual LD Micro Main Event taking place October 28 - 30, 2024 at the Luxe Sunset Bel-Air Hotel in Los Angeles, California. Brian Goodman, Chief Executive Officer of Golden Matrix, will be presenting and meeting one-one-one with investors at the conference.
newsfilecorp.com
- 1 month ago
Golden Matrix Group Inc. Announces Additional Amendment to Earnout Structure of Share Purchase Agreement With Subsidiary Meridianbet
LAS VEGAS, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI) (“GMGI” or “the Company”) announces that on 1st October 2024, the Company passed its fifth amendment to the initial share purchase agreement (the “Share Purchase Agreement”) with Meridianbet in connection with the Company's previous acquisition of Meridianbet earlier this year.
globenewswire.com
- 1 month ago
Expanse Studios (GMGI) Ignites Industry Interest With Groundbreaking Games at SBC Summit Lisbon 2024
iGaming Innovator Reports Discussions With Over 20 Potential Partners, Showcases New Social Casino and Crash Game Offerings
globenewswire.com
- 1 month ago
Meridianbet CEO Shares Key Insights at Citi 2024 Global TMT Conference
NEW YORK, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Meridianbet, one of Europe's oldest and leading global sports betting and iGaming operator and part of Golden Matrix Group (NASDAQ: GMGI) announced that its CEO Zoran Milosevic, participated in the Citi 2024 Global TMT Conference.
globenewswire.com
- 2 months ago
Golden Matrix Group Subsidiary Meridianbet Shortlisted for Exclusive Sports Betting and iGaming License in Brazil
LAS VEGAS, NV, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a leading developer and licensor of online gaming platforms, systems and gaming content, is proud to announce that its subsidiary, Meridianbet, has been shortlisted for an exclusive sports betting and iGaming license in Brazil.
globenewswire.com
- 2 months ago
Golden Matrix Announces Participation in Benzinga All-Access Interview
LAS VEGAS, NV, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group Inc. (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, today announced that Chief Executive Officer Brian Goodman will be participating in a live interview with Benzinga Executive Producer Zunaid Suleman this Wednesday, August 21st, on Benzinga All-Access at approximately 11:40 a.m. Eastern Time.
globenewswire.com
- 2 months ago
8. Profile Summary
Golden Matrix Group, Inc. GMGI
COUNTRY
US
INDUSTRY
Electronic Gaming & Multimedia
MARKET CAP
$ 321 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. Henry Zhang
Chief Technology Officer
Mr. Brett Goodman
Senior Vice President
Mr. Zoran Milosevic
Chief Executive Officer of Meridianbet Group
Mr. Anthony Brian Goodman
Chief Executive Officer, President, Secretary, Treasurer & Director