---
title: "Golden Matrix Group (GMGI) Projected to Post Quarterly Earnings on Monday"
description: "Golden Matrix Group (NASDAQ:GMGI) is set to release its quarterly earnings on March 24, with analysts predicting earnings of ($0.03) per share and revenue of $44.70 million. The stock recently opened "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/232814105.md"
published_at: "2025-03-22T05:20:31.000Z"
---

# Golden Matrix Group (GMGI) Projected to Post Quarterly Earnings on Monday

> Golden Matrix Group (NASDAQ:GMGI) is set to release its quarterly earnings on March 24, with analysts predicting earnings of ($0.03) per share and revenue of $44.70 million. The stock recently opened at $1.98, down 4.3%. Insider Aleksandar Milovanovic purchased 100,000 shares at $1.85 each, increasing ownership to 78.4 million shares. Maxim Group has initiated coverage with a "buy" rating and a $4.00 price target. Golden Matrix provides software solutions for online gaming operators, primarily in the Asia Pacific region.

Golden Matrix Group (NASDAQ:GMGI - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $44.70 million for the quarter.

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## Golden Matrix Group Stock Down 4.3 %

GMGI stock opened at $1.98 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Golden Matrix Group has a one year low of $1.70 and a one year high of $6.27. The firm has a 50-day moving average of $2.01 and a two-hundred day moving average of $2.20.

## Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They set a "buy" rating and a $4.00 price objective for the company.

**Read Our Latest Stock Analysis on Golden Matrix Group**

## Insider Buying and Selling at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic bought 100,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were bought at an average price of $1.85 per share, for a total transaction of $185,000.00. Following the acquisition, the insider now directly owns 78,414,616 shares of the company's stock, valued at approximately $145,067,039.60. This trade represents a 0.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 372,514 shares of company stock valued at $719,453. 23.20% of the stock is currently owned by corporate insiders.

## About Golden Matrix Group

(Get Free Report)

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.

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*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

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## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Anthony Brian Goodman, Former Director and CEO, Sells Golden Matrix Group Inc. Common Shares | Anthony Brian Goodman, former Director and CEO of Golden Matrix Group Inc., has sold common shares of the company, as re | [Link](https://longbridge.com/en/news/269936172.md) |
| Meridianbet CEO to Speak at Jerusalem Post Washington Conference | Meridianbet CEO will speak at the Jerusalem Post Washington Conference, as announced by Golden Matrix Group Inc. This ev | [Link](https://longbridge.com/en/news/269110457.md) |
| Golden Matrix Group Faces Nasdaq Delisting Risk Over Minimum Bid Price Compliance | Golden Matrix Group Inc. has received a notice from Nasdaq for not complying with Listing Rule 5550(a)(2), as its stock  | [Link](https://longbridge.com/en/news/271361914.md) |
| Golden Matrix Group-Tochter Expanse Studios schließt Vertriebsvereinbarung mit Brazino777 | Expanse Studios, a subsidiary of Golden Matrix Group Inc., has signed a distribution agreement with Brazino777, a major  | [Link](https://longbridge.com/en/news/275013065.md) |
| Golden Matrix Group Subsidiary Meridianbet Completes Acquisition of Fairbet in Malta | Meridianbet, a subsidiary of Golden Matrix Group Inc., has successfully acquired Fairbet Ltd., a licensed retail gaming  | [Link](https://longbridge.com/en/news/274340601.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
