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

Golden Matrix Group (NASDAQ:GMGI) is expected to be announcing 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) last posted its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $40.99 million for the quarter. Golden Matrix Group had a negative net margin of 3.07% and a negative return on equity of 3.93%. 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

Shares of GMGI opened at $1.84 on Tuesday. The business’s 50-day moving average is $2.03 and its two-hundred 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. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Insider Buying and Selling

In other news, insider Aleksandar Milovanovic purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $1.85 per share, with a total value of $37,000.00. Following the completion of the acquisition, the insider now owns 77,934,616 shares of the company’s stock, valued at approximately $144,179,039.60. This represents a 0.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.20% of the stock is owned by corporate insiders.

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.