Golden Matrix Group (GMGI) to Release Earnings on Thursday

Golden Matrix Group (NASDAQ:GMGI) is projected to issue its quarterly earnings data 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) 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 for 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 Price Performance

NASDAQ:GMGI opened at $1.84 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Golden Matrix Group has a 1-year low of $1.70 and a 1-year high of $6.27. The company has a 50-day moving average of $2.03 and a 200 day moving average of $2.27.

Insider Transactions at Golden Matrix Group

In related news, insider Aleksandar Milovanovic purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $1.85 per share, for a total transaction of $37,000.00. Following the acquisition, the insider now owns 77,934,616 shares of the company’s stock, valued at $144,179,039.60. The trade was a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 23.20% of the company’s stock.

About Golden Matrix Group

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.