Golden Matrix Group, Inc. (GMGI) Market Cap
Golden Matrix Group, Inc. has a market capitalization of $8.1M.
Financials based on reported quarter end 2025-12-31
Price: $0.64
▲ 0.06 (9.86%)
Market Cap: 8.05M
NASDAQ · time unavailable
CEO: William Scott
Sector: Technology
Industry: Electronic Gaming & Multimedia
IPO Date: 2009-10-30
Website: https://www.goldenmatrix.com
Golden Matrix Group, Inc. (GMGI) - Company Information
Market Cap: 8.05M · Sector: Technology
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 and Europe. 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. The company also provides services and resells third party gaming content to licensed online gaming distributors. Its platform is accessed through desktop and mobile applications. The company was formerly known as Source Gold Corp. and changed its name to Golden Matrix Group, Inc. in April 2016. Golden Matrix Group, Inc. was incorporated in 2008 and is based in Las Vegas, Nevada.
Analyst Sentiment
Based on 2 ratings
Analyst 1Y Forecast: $21.60
Average target (based on 2 sources)
Consensus Price Target
Low
$22
Median
$22
High
$22
Average
$22
Potential Upside: 3289.8%
Price & Moving Averages
Related Companies in Technology
Fundamentals Overview
📊 AI Financial Analysis
Powered by StockMarketInfo"GMGI’s latest quarter (2025-12-31) reported revenue of 49.6M and net income of -88.7M (EPS -7.47). On a QoQ basis, revenue increased to 49.6M from 47.3M (+5.0%), while net income deteriorated sharply from +0.57M to -88.7M. Over the four-quarter window, revenue trended up from 42.7M (2025-03-31) to 49.6M (2025-12-31), but profitability was highly volatile: net income moved from -0.23M (2025-03-31) to -3.58M (2025-06-30) to +0.57M (2025-09-30) before plunging again to -88.7M (2025-12-31). This implies margins contracted materially in the most recent quarter, with EPS collapsing. Cash flow is mixed but generally positive when measured by free cash flow in earlier quarters (e.g., +4.29M on 2025-03-31 and +6.26M on 2025-09-30), though FCF for the latest quarter is unavailable. Balance sheet resilience looks uneven: total assets fell to 118.1M in 2025-12-31 from ~209–214M in prior quarters, and equity dropped to 48.3M from 127.1M in 2025-09-30. Total shareholder return (price momentum + dividends + buybacks) cannot be evaluated because the provided marketPerformance fields are not populated (price set to 0, 1Y/6M/YTD are N/A)."
Revenue Growth
Revenue rose QoQ in the latest quarter (+5.0% from 2025-09-30 to 2025-12-31) and increased across the four-quarter span (42.7M to 49.6M). YoY growth rates were not computable because prior-year revenue/net income fundamentals were not provided.
Profitability
Net income swung from +0.57M (2025-09-30) to -88.7M (2025-12-31). EPS collapsed to -7.47, indicating severe margin contraction and earnings instability across quarters.
Cash Flow Quality
Free cash flow was positive in 2025-03-31 (+4.29M) and 2025-09-30 (+6.26M) but negative in 2025-06-30 (-3.73M). Latest FCF is missing (null), limiting confidence in near-term cash conversion.
Leverage & Balance Sheet
Balance sheet metrics are volatile: total assets dropped to 118.1M in 2025-12-31 from ~209–214M earlier in 2025, and equity fell to 48.3M from 127.1M. Net debt remains low-to-moderate (about 3.9M–7.1M across recent quarters), but equity erosion is concerning.
Shareholder Returns
Total shareholder return cannot be assessed: marketPerformance is not provided (price = 0; 1Y/6M/YTD are N/A). No consistent dividend stream is evident (dividendsPaid shown as 0 in most recent quarters).
Analyst Sentiment & Valuation
A consensus price target is provided (21.6), but the current valuation/price context is missing (marketPerformance price = 0 and valuationContextDate is N/A), so upside/downside vs market cannot be quantified.
Disclaimer:This analysis is AI-generated for informational purposes only. Accuracy is not guaranteed and this does not constitute financial advice.
So What? Q3 shows GMGI accelerating on topline and margins: revenue +85% YoY to $41M and GMAG gross margin up +150 bps to 26.2%. The biggest “real” operational hurdles called out were not macro—management pointed to integration/one-off costs and an RKings customer acquisition channel disruption that marginally hurt Q3 but was “overcome,” with October revenues +11.1% vs September and a confident Q4 “records” stance. Analyst-style candor is limited because the transcript contains no visible Q&A; there are no question-specific answers, no bps/tariff/macro mitigation details, and no formal guidance numbers beyond directional Q4 optimism. Still, the management tone is constructive (“one-off costs behind us,” cost efficiencies underway, Atlas rollout continuing), while the explicit headwinds suggest near-term execution sensitivity around customer acquisition channels and integration workload.
Growth Catalysts
- GMAG Crash game category expansion driving wagering and active players (wagering +84% YoY to $1.4B; YTD wagering +115% to $3.6B)
- Classics for a Cause acquisition contributing revenue/profit in first two months ($2.1M revenues, $503k EBITDA, $253k profit for Aug 1–Sept 30 period)
- RKings UK tournament business recovery after a customer acquisition channel issue and improved October trajectory (October revenue +11.1% vs September)
- Merdianbet online casino growth driven by adding 1,500+ new games (turnover +21% YoY to $356.4M; gross gaming revenue +26% YoY)
Business Development
- Classics for a Cause acquisition finalized (acquired Aug 1, 2024)
- Expanse Studio (Merdianbet in-house) integrated 600 additional games
- Merdianbet transitioned over 80% of core operations to Atlas (fifth generation platform)
- Expanse Studio added 150+ new partners and expanded to 50 proprietary games
- Brazil licensing: Meridian Gaming Brazil selected among 89 companies at federal level for remaining phases through end of 2024
Financial Highlights
- Consolidated revenue +85% YoY to $41.0M (Q3); YTD revenue +55% to $105M
- Consolidated gross profit +39% YoY to $22.4M (Q3); YTD gross profit +24% to $61.8M
- Third-quarter adjusted EBITDA: $4.3M
- GMAG gross profit margin improved to 26.2% vs 24.7% in Q2 2024 (+150 bps)
- Merdianbet overall Q3 revenue +16% YoY; deposits +13% to $61.9M vs Q2 2024; new online registrations +23% YoY to 125,000
- Merdianbet online casino gross gaming revenue margin improved to 3.37% vs 2.22% in Q3 2023
- Merdianbet sports: online GGR margin 9.5% vs 8.1% in Q3 2023
- Retail sports GGR margin 10.3%; August retail sports GGR margin record 14.1%
Capital Funding
- Cash and equivalents as of Sept 30, 2024: $38.4M
- Short-term debt as of Sept 30, 2024: $17.5M
- Shareholder equity: $94M (+60%)
Strategy & Ops
- Post-acquisition efficiency: management says Merdianbet consolidation + Classics for a Cause integration one-off costs are now behind them
- Cost efficiencies / cost rationalization: reducing redundancies and pursuing product synergies
- Sales & marketing optimization: broader distribution and tighter cost controls
- Operational platform shift: Atlas rollout over 80% of core operations; preparations for full deployment in Brazil underway
- AI personalization tools deployed (two tools): AI Casino Recommender and AI Bet recommender, with reported engagement/interaction lift
- AI tool outcomes: >10% increase in engagement with recommended casino games; 9% boost in interactions with new game titles
Market Outlook
- Management reiterated a strong start to Q4 and “on track to set new records”
- RKings: expected strong Q4 performance and “continued strong Q4 growth”; management expects RKings to make a substantial contribution to profits and revenues in Q4
Risks & Headwinds
- RKings UK tournament business faced a “brief challenge” with one customer acquisition channel, which “marginally impacted” Q3 performance; management states hurdle is overcome but the issue is an explicit operational risk point
- Q3 included “residual one off costs” related to Merdianbet consolidation and Classics for a Cause acquisition/integration
- Sports betting outcomes were “challenging” in July and September (no quantitative impact provided)
Sentiment: MIXED
Note: This summary was synthesized by AI from the GMGI Q3 2024 earnings transcript. Financial data is complex; please verify all metrics against official SEC filings before making investment decisions.