Golden Matrix Group (GMGI) Expected to Announce Earnings on Thursday

Posted by Brian Himes on Feb 12th, 2025

Golden Matrix Group (NASDAQ:GMGI – Get Free Report) is expected to announce its earnings results on Thursday, February 13th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $44.74 million for the quarter.

Golden Matrix Group (NASDAQ:GMGI – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter. Golden Matrix Group had a negative net margin of 3.07% and a negative return on equity of 3.93%. The firm had revenue of $40.99 million during the quarter. On average, analysts expect Golden Matrix Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Golden Matrix Group Stock Down 1.9 %

Golden Matrix Group stock opened at $1.81 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. The company’s 50-day moving average is $2.02 and its 200-day moving average is $2.27. Golden Matrix Group has a fifty-two week low of $1.70 and a fifty-two week high of $6.27.

Insider Buying and Selling

In other Golden Matrix Group news, insider Aleksandar Milovanovic purchased 20,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $1.85 per share, with a total value of $37,000.00. Following the acquisition, the insider now directly owns 77,934,616 shares of the company’s stock, valued at $144,179,039.60. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 23.20% of the stock is currently owned by corporate insiders.

Golden Matrix Group Company Profile

(Get Free Report)

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.