Golden Matrix posts positive Q3 results despite initial dip in share price
Golden Matrix Group has released its Q3 results, showing a record $9
Golden Matrix Group has released its Q3 results, showing a book $9.1m inward revenue and 16th straight quarter of profit.
The supplier's results high spot a warm billet for the society and a 180% step-up inwards yearly revenue; something which looks to a greater extent impressive when collated with its H1 result, as it collectively totals a 237% increase against the previous year, with revenue of $26m.
After posting the results, Golden Matrix CEO, Susan B. Anthony Brian Goodman, commented: “Our ability to generate increasing revenues with quarter-after-quarter of profitability attests to the strengths of our B2B and B2C platforms.
“Because of the highly militant nature of our industry, we are continually upgrading our systems and gaming content offerings to back up the needs of our millions of participants. The GMX-Ag platform, which provides legion(p) features to benefit both operators and their players, continues to earn traction, still outdoors our traditional markets."
The report finds Golden Matrix in a salutary financial position, which only if looks meliorate when taking into account statement the four years of uniform profitability. However, upon the intelligence of the tape quarter, the share cost of Golden Matrix strike down sharply before recovering, as investors took inward the information.
After the diligence was submitted, Goodman stated: “This a logical run for the company, as it opens upwardly compelling opportunities in the Latin America B2C market; and it begins the expanding upon of the RKings tourney weapons platform to our 1st part alfresco of the UK and Ireland.”