NetworkNewsBreaks – Golden Matrix Group Inc. (NA
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Posted On: 02/23/2023 3:31:18 PM
NetworkNewsBreaks – Golden Matrix Group Inc. (NASDAQ: GMGI) Releases Q1 Financial Report with Record $10.5M Revenues
Golden Matrix Group (NASDAQ: GMGI), a developer, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, is reporting record revenues for its first quarter, ending Jan. 31, 2023. The report shows that revenues reached more than $10.5 million for the quarter, an estimated 19% improvement on $8.8 million revenues for the same quarter last year and a 10% increase over $9.57 million revenues for the previous quarter. Additional financial results for the quarter will be available in GMGI’s quarterly report on 10-Q filing, which should be filed on or before March 15, 2023. “Our new fiscal year is off to a great start, with the first quarter in our Company’s history to record more than $10 million in revenues,” said Golden Matrix Group CEO Brian Goodman in the press release. “Our core business-to-business platform for operators throughout the Asia Pacific region remains strong, and we are now seeing an acceleration of growth in the company’s business-to-consumer segment, UK-based RKings Competitions Ltd. . . . Improvements in marketing, customer acquisition costs and operating efficiencies at RKings are paying off as evidenced by the B2C platform’s enhanced performance. Additionally, we believe we have positioned RKings’ highly scalable platform to be introduced into other regions, beginning with Mexico this year.”
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, licensor and global operator of online gaming and eCommerce platforms, systems, and gaming content, is reporting record revenues for its first quarter, ending Jan. 31, 2023. The report shows that revenues reached more than $10.5 million for the quarter, an estimated 19% improvement on $8.8 million revenues for the same quarter last year and a 10% increase over $9.57 million revenues for the previous quarter. Additional financial results for the quarter will be available in GMGI’s quarterly report on 10-Q filing, which should be filed on or before March 15, 2023. “Our new fiscal year is off to a great start, with the first quarter in our Company’s history to record more than $10 million in revenues,” said Golden Matrix Group CEO Brian Goodman in the press release. “Our core business-to-business platform for operators throughout the Asia Pacific region remains strong, and we are now seeing an acceleration of growth in the company’s business-to-consumer segment, UK-based RKings Competitions Ltd. . . . Improvements in marketing, customer acquisition costs and operating efficiencies at RKings are paying off as evidenced by the B2C platform’s enhanced performance. Additionally, we believe we have positioned RKings’ highly scalable platform to be introduced into other regions, beginning with Mexico this year.”
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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