Golden Matrix Group, Inc. (GMGI)

NASDAQ: GMGI · IEX Real-Time Price · USD
4.110
+0.310 (8.16%)
At close: Apr 25, 2024, 4:00 PM
4.190
+0.080 (1.95%)
Pre-market: Apr 26, 2024, 8:00 AM EDT
8.16%
Market Cap 488.61M
Revenue (ttm) 45.24M
Net Income (ttm) -654,724
Shares Out 118.88M
EPS (ttm) -0.01
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 201,903
Open 3.960
Previous Close 3.800
Day's Range 3.570 - 4.190
52-Week Range 1.950 - 4.190
Beta 2.32
Analysts Strong Buy
Price Target 4.00 (-2.68%)
Earnings Date Jun 12, 2024

About GMGI

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. 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... [Read more]

Founded 2008
Employees 30
Stock Exchange NASDAQ
Ticker Symbol GMGI
Full Company Profile

Financial Performance

In 2023, GMGI's revenue was $44.17 million, an increase of 22.59% compared to the previous year's $36.03 million. Losses were -$1.17 million, 369.0% more than in 2022.

Financial Statements

Analyst Forecast

According to one analyst, the rating for GMGI stock is "Strong Buy" and the 12-month stock price forecast is $4.0.

Price Target
$4.0
(-2.68% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

The GMGI Acquisition of Meridianbet Receives High Praise from IPO Edge

LAS VEGAS and VALLETTA, Malta, April 11, 2024 (GLOBE NEWSWIRE) -- Golden Matrix Group, Inc. (NASDAQ: GMGI) and Meridianbet Group, the newly consolidated entity in online gaming world, are honored to r...

14 days ago - GlobeNewsWire

Golden Matrix Announces Completion of Acquisition of the MeridianBet Group

Acquisition Expands Golden Matrix's Global Footprint and Significantly Increases Revenues LAS VEGAS, NV, April 09, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“G...

17 days ago - GlobeNewsWire

Meridianbet's Live Betting: Celebrating 23 Years at the Heart of Betting Innovation

Unique proprietary tech Dominating with 57,400 pre-match and 53,257 live betting opportunities monthly, totaling 681,084 matches in 2023 alone Empty Bet - setting the company apart from competitors Me...

20 days ago - GlobeNewsWire

The MeridianBet - Golden Matrix Transaction Secures Approval at GMGI Shareholder Assembly

LAS VEGAS and VALETTA, Malta, March 20, 2024 (GLOBE NEWSWIRE) -- The MeridianBet Group, Southeast Europe's leading Business-to-Consumer (“B2C”) sports betting and gaming group, operating in multiple m...

5 weeks ago - GlobeNewsWire

Golden Matrix Stockholders Approve Acquisition of MeridianBet Group

LAS VEGAS, NV, March 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“GMGI”, “Golden Matrix” or the “Company”), a developer, licensor and global operator of onli...

5 weeks ago - GlobeNewsWire

Golden Matrix Reports First Quarter Financial Results With Record Revenues of $11.84 Million

LAS VEGAS, NV, March 14, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI), developer, licensor and global operator of online gaming and eCommerce platforms, systems a...

6 weeks ago - GlobeNewsWire

JRC Stock Talk Hosting Live Q&A on X (Formerly Twitter) Spaces With CEO of Golden Matrix Group, Inc., Today, February 20, 2024 at 4:30 PM EST

LAS VEGAS, NV, Feb. 20, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. NASDAQ:GMGI)(“GMGI” or the “Company”), a developer, licensor and global operator of online gaming and eComm...

2 months ago - GlobeNewsWire

GOLDEN MATRIX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Golden Matrix Group, Inc. - GMGI

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of MeridianBet Grou...

2 months ago - Business Wire

Golden Matrix Files Definitive Proxy Statement

Will Hold Special Meeting of Shareholders on March 19, 2024 to Vote on Approval of Acquisition of the MeridianBet Group

2 months ago - GlobeNewsWire

Golden Matrix Reports Fiscal 2023 Financial Results With Record Revenues of $44.2 Million

LAS VEGAS, NV, Jan. 17, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), a developer, licensor and global operator of onlin...

3 months ago - GlobeNewsWire

Meridian Bet Provides Update on Corporate Progress and Pending Acquisition

VALETTA, Malta, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The MeridianBet Group (Meridian), one of Southeast Europe's leading business-to-consumer (B2C) sports betting and gaming groups, operating in multiple...

3 months ago - GlobeNewsWire

Golden Matrix Achieves Record Revenues Exceeding $44 Million in Fiscal 2023

LAS VEGAS, NV, Nov. 21, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“GMGI” or the “Company”), a developer, licensor and global operator of online gaming and eCom...

5 months ago - GlobeNewsWire

Golden Matrix Provides Corporate Update on Pending Acquisition

LAS VEGAS, NV, Oct. 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group, Inc. (NASDAQ: GMGI)(“GMGI”, “Golden Matrix” and the “Company”), a developer, licensor and global operator of on...

7 months ago - GlobeNewsWire

Golden Matrix Reports Third Quarter Financial Results

LAS VEGAS, NV, Sept. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), a developer, licensor and global operator of onli...

8 months ago - GlobeNewsWire

Golden Matrix Achieves Record Third Quarter Revenues Exceeding $11 Million

LAS VEGAS, NV, Aug. 11, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems ...

9 months ago - GlobeNewsWire

Golden Matrix Provides Corporate Update

LAS VEGAS, NV, July 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -  Golden Matrix Group Inc. (NASDAQ:GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems...

10 months ago - GlobeNewsWire

Golden Matrix and MeridianBet Sign Amended and Restated Purchase Agreement

LAS VEGAS, NV, June 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group, Inc. (NASDAQ: GMGI)(“GMGI”, “Golden Matrix” or the “Company”), a developer, licensor and global operator of onl...

10 months ago - GlobeNewsWire

Golden Matrix Reports Second Quarter Financial Results

LAS VEGAS, NV, June 14, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI), developer, licensor and global operator of online gaming and eCommerce platforms, systems an...

11 months ago - GlobeNewsWire

Golden Matrix Group, Inc. Announces Authorization of Stock Repurchase Program

LAS VEGAS, NV, March 31, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“Golden Matrix”, “GMGI” or the “Company”), a developer and licensor of online gaming platfor...

1 year ago - GlobeNewsWire

Golden Matrix Reports First Quarter Financial Results With Record Revenues of $10.78 Million

LAS VEGAS, NV, March 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group, Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), a developer, licensor and global operator of onl...

1 year ago - GlobeNewsWire

GOLDEN MATRIX INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Golden Matrix Group, Inc. - GMGI

NEW ORLEANS , March 9, 2023 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

1 year ago - PRNewsWire

Golden Matrix Reports Record First Quarter Revenues Exceeding $10.5 Million

LAS VEGAS, NV, Feb. 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(“GMGI” or the “Company”), a developer, licensor and global operator of online gaming and eCom...

1 year ago - GlobeNewsWire

Golden Matrix Reports Fiscal 2022 Financial Results With Record Revenues of $36 Million

LAS VEGAS, NV, Jan. 30, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Golden Matrix Group Inc. (NASDAQ:GMGI)(the “Company”, “Golden Matrix” or “GMGI”), developer, licensor and global operator of online ...

1 year ago - GlobeNewsWire

SHAREHOLDER ALERT: The M&A Class Action Firm Announces the Investigation of Golden Matrix Group, Inc. - GMGI

NEW YORK , Jan. 18, 2023 /PRNewswire/ -- Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm ra...

1 year ago - PRNewsWire

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Golden Matrix Group, Inc. Merger

Wilmington, Delaware--(Newsfile Corp. - January 17, 2023) - Rigrodsky Law, P.A. is investigating Golden Matrix Group, Inc. ("Golden Matrix") (NASDAQ CM: GMGI) regarding possible breaches of fiduciary ...

1 year ago - Newsfile Corp