Golden Matrix Group, Inc. (GMGI)

Golden Matrix Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2022	FY 2021
Period Ending	Sep 30, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	87.56	74.93	60.37
Revenue Growth (YoY)	45.05%	24.12%	-
Cost of Revenue	23.48	19.41	14.62
Gross Profit	64.08	55.52	45.75
Selling, General & Admin	35.59	25.23	19.98
Other Operating Expenses	13.8	13.8	11.16
Operating Expenses	49.59	39.54	31.45
Operating Income	14.49	15.97	14.3
Interest Expense	-0.05	-0.04	-0.07
Interest & Investment Income	0.05	0.03	0.02
Currency Exchange Gain (Loss)	0.32	0.07	-0.04
Other Non Operating Income (Expenses)	1.4	1.05	0.97
EBT Excluding Unusual Items	16.21	17.09	15.18
Other Unusual Items	-	-	-1.02
Pretax Income	16.21	17.09	14.16
Income Tax Expense	1.32	1.11	1.21
Earnings From Continuing Operations	14.89	15.98	12.95
Minority Interest in Earnings	-0.07	-0.19	-0.08
Net Income	14.82	15.78	12.87
Net Income to Common	14.82	15.78	12.87
Net Income Growth	15.14%	22.65%	-
Free Cash Flow	11.39	16.34	13.28
Gross Margin	73.18%	74.09%	75.79%
Operating Margin	16.55%	21.32%	23.69%
Profit Margin	16.92%	21.07%	21.32%
Free Cash Flow Margin	13.01%	21.80%	22.01%
EBITDA	19.44	20.58	18.16
EBITDA Margin	22.20%	27.46%	30.09%
D&A For EBITDA	4.94	4.6	3.86
EBIT	14.49	15.97	14.3
EBIT Margin	16.55%	21.32%	23.69%
Effective Tax Rate	8.16%	6.52%	8.58%

Source: S&P Capital IQ. Standard template. Financial Sources.