Golden Matrix has hit record quarterly revenues in its Q1, 2024 period, ending January 31, 2024. The total figure, of $11.84m, is an increase of 10 per cent on the Q1 2023 figure.
Net income was $74,505 against a loss of $443,521 the previous year. Adjusted EBITDA was $1.19m.
“We are exceptionally pleased with the company’s performance in Q1 to kick-off the new fiscal year,” said Golden Matrix CEO Brian Goodman. “We achieved positive GAAP earnings and adjusted EBITDA of almost $1.2m, we set multiple records, delivering our highest ever quarterly results for revenue, total assets, shareholder equity and cash-on-hand.
“The company is well-positioned for continued growth within its B2B and B2C divisions.
“We continue to make significant progress towards closing the pending MeridianBet acquisition and look forward to working to boost top-line growth and profitability once these two world class businesses have been combined.”
