Golden Matrix Group (GMGI) to Release 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 company had revenue of $40.99 million during 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 Stock Performance

NASDAQ GMGI opened at $1.84 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group has a fifty-two week low of $1.70 and a fifty-two week high of $6.27. The business has a 50 day moving average price of $2.06 and a two-hundred day moving average price of $2.28.

Insider Activity

In other Golden Matrix Group news, insider Aleksandar Milovanovic bought 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were acquired at an average cost of $1.80 per share, with a total value of $90,000.00. Following the completion of the transaction, the insider now owns 77,834,303 shares in the company, valued at $140,101,745.40. The trade was a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.