NetworkNewsBreaks – Golden Matrix Group Inc. (NA
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Posted On: 11/18/2022 3:56:15 PM
NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Announces Preliminary Fiscal 2022 Revenues, Expected 201% YOY Increase
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced its preliminary revenues for the fiscal year ending Oct. 31, 2022, reflecting expected record revenues of more than $34 million. According to the update, this represents an estimated 201% improvement on revenues of $11.3 million in the comparable twelve-month period ending Oct. 31, 2021. Golden Matrix acquired its 80% controlling interest in RKingsCompetitions Ltd (“Rkings”), which operates a business-to-consumer (“B2C”) tournament platform, at the beginning of the fiscal year. As a result, there were no contributions by Rkings to GMGI’s overall revenues during the prior twelve-month period. However, Golden Matrix CEO Brian Goodman noted that “the company’s traditional business-to-business (‘B2B’) gaming segment showed a 30% improvement in revenue growth for the twelve months ended Oct. 31, 2022, compared to 2021, and it currently services over 600 online casino brands with more than 6.8 million registered users across all GM-X platforms.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of gaming platforms, systems and gaming content, today announced its preliminary revenues for the fiscal year ending Oct. 31, 2022, reflecting expected record revenues of more than $34 million. According to the update, this represents an estimated 201% improvement on revenues of $11.3 million in the comparable twelve-month period ending Oct. 31, 2021. Golden Matrix acquired its 80% controlling interest in RKingsCompetitions Ltd (“Rkings”), which operates a business-to-consumer (“B2C”) tournament platform, at the beginning of the fiscal year. As a result, there were no contributions by Rkings to GMGI’s overall revenues during the prior twelve-month period. However, Golden Matrix CEO Brian Goodman noted that “the company’s traditional business-to-business (‘B2B’) gaming segment showed a 30% improvement in revenue growth for the twelve months ended Oct. 31, 2022, compared to 2021, and it currently services over 600 online casino brands with more than 6.8 million registered users across all GM-X platforms.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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