TinyGemsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Maintains String of Profitability in 15 Consecutive Quarters
Jul 15, 2022
Golden Matrix (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems and gaming content, continues to grow every quarter, returning value to shareholders. “While many companies languished through the COVID-19 pandemic, GMGI maintained its string of profitability, which has now been extended to 15 straight quarters. From beginning of this fiscal year, the company began realizing the benefits of the RKings acquisition, which further bolstered the top and bottom lines. Revenue for the quarter ended April 30, 2022, was $8.48 million, up 221% from $2.64 million in the year prior quarter. Net income was $586,984, a gain of 359% from $127,986 in the same period a year earlier. Shareholder’s equity of GMGI rose 37% year-over-year to $26 million from $18.93 million. The company has no debt and finished the quarter with cash and cash equivalents of $15.81 million,” a recent article reads. GMGI CEO Brian Goodman commented, “We’re rolling out some new operators every week… what we’ve told the market already is that the core business will continue to grow, but we will also acquire some accretive profitable businesses in a similar line to what we do.”
To view the full article, visit https://ibn.fm/059pb
About Golden Matrix Group Inc.
Golden Matrix Group, based in Las Vegas, Nevada, is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label B2B gaming platforms for its international customers, located primarily in the Asia Pacific region. The gaming IP includes tools for marketing, acquisition, retention and monetization of users. The company’s platform can be accessed through both desktop and mobile applications. As a result of its 80% controlling ownership interest in UK-based RKings Competitions Ltd., Golden Matrix also generates revenues from RKings’ scalable B2C tournament platform. For more information about the company, visit www.GoldenMatrix.com.
NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI
About TinyGems
TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.
To receive SMS text alerts from TinyGems, text “Gems” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.TinyGems.net
Please see full terms of use and disclaimers on the TinyGems website applicable to all content provided by TinyGems, wherever published or re-published: https://www.TinyGems.net/Disclaimer
TinyGems
Los Angeles, California
www.TinyGems.net
310.299.1717 Office
[email protected]
TinyGems is part of the InvestorBrandNetwork
More News
Lindsey Vonn Hard-Launches Relationship with Fellow Skier Matthieu Bailet After Months of Dating Rumors
Lindsey Vonn has a new man in her life! On Wednesday (September 23), the 41-year-old Olympic skier hard-launched her relationship […] The post Lindsey Vonn Hard-Launches Relationship with Fellow Skier Matthieu Bailet After Months of Dating Rumors appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Meghan Markle's Friend Gives Peek at Her & Prince Harry's Life in U.K.
Life in the United Kingdom certainly suits Meghan Markle. Nearly a month after the Duchess of Sussex moved to England with husband Prince Harry and their kids Archie, 7, and Lilibet, 5, her close...
‘The Visit’ at Pasadena Playhouse Review: The ’50s Absurdist Comedy Is Too Smug in Its Peak-Bleak View of Venal Humanity, but Jefferson Mays and Melinda Page Hamilton Are Worth the Visit
When an “Amadeus” revival opened at Pasadena Playhouse in February, it was such a spectacular success on every level that you wouldn’t have minded if the keepers of the venerable San Gabriel Valley venue just turned over the keys to the place for a while to the two Tony winners most responsible for making it […]
Shaheen Jafargholi Opens Up About Joining ‘Heated Rivalry’ & What He’s Most Excited For
Shaheen Jafargholi is sharing his first comments about joining the cast of Heated Rivalry! The 29-year-old actor was recently announced […] The post Shaheen Jafargholi Opens Up About Joining ‘Heated Rivalry’ & What He’s Most Excited For appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
‘Drag Race’ Star Alyssa Edwards Claps Back at Ken Paxton for Using Her to Campaign Against James Talarico
"Texas is big enough for all of us," the "RuPaul's Drag Race Global All Stars" winner says The post ‘Drag Race’ Star Alyssa Edwards Claps Back at Ken Paxton for Using Her to Campaign Against James Talarico appeared first on TheWrap.
Rolf de Heer Named President of Tokyo Film Festival Jury
The Tokyo International Film Festival has named Australian director Rolf de Heer president of the international competition jury for the festival’s 39th edition. De Heer has spent more than 40 years in Tasmania, Australia, directing, writing and producing films across a broad range of genres and subjects. His 1993 feature “Bad Boy Bubby” won the […]
Rolf De Heer To Head Competition Jury At Tokyo Film Festival; ‘The Survival Of Kindness’ To Play In Australia Spotlight
Tokyo International Film Festival (TIFF) has announced that Australian director Rolf de Heer will serve as president of the International Competition jury at this year’s edition of the festival. De Heer’s 2022 film The Survival Of Kindness, which was selected for competition at the Berlinale, will screen in Tokyo as part of an Australia Spotlight, […]
Barry Diller Drops Bid To Acquire Full Control Of MGM Resorts
People Inc. Chairman Barry Diller has withdrawn a proposal to acquire full ownership of MGM Resorts. The media company will retain its 27% stake in the casino operator, he said in a statement Wednesday, though it remains “open and interested” in potential strategic alternatives to the original transaction. “There are lots of ingredients that go […]
Netflix Announces 2 New Seasons of ‘Chef’s Table’: ‘Icons’ & ‘Desserts’
Chef’s Table is returning to Netflix with not one, but TWO more seasons! The streamer announced on Wednesday (September 23) […] The post Netflix Announces 2 New Seasons of ‘Chef’s Table’: ‘Icons’ & ‘Desserts’ appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Sturm Und Drang At Warner Bros Amid Paramount Merger Has Insiders Wondering If The Brand Survives
A Zoom call on Wednesday with 500 senior Warner Bros staffers to discuss Paramount’s settlement of the antitrust lawsuit brought by state attorneys general related to its merger with WBD did little to dissipate the gloomy, Mordor-like clouds over the Burbank lot, to use a Lord of the Rings reference. The video call, which has […]
33 "Then" And "Now" Photos That Show What Latine Celebs Looked Like In 2006 Vs. 2016 Vs. 2026
Hiiii 2006 Oscar Isaac. Hiiiii 2016 Oscar Isaac. And, definitely, HELLOOOOOOO 2026 Oscar Isaac. View Entire Post ›
‘Game Changer’ Host Sam Reich on Season 8’s 23-Contestant, 90-Minute, Non-Chili’s-Sponsored Finale and ‘Acid Trip’ Season 9 Episode Plans
SPOILER ALERT: This article contains spoilers for the Season 8 finale of “Game Changer,” now streaming on Dropout. “Game Changer” capped off its eighth season Monday with a finale episode that was not at all sponsored by Chili’s but ended with its winner taking home between $3,000 and $5,000 (host and Dropout CEO Sam Reich […]
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.