---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-001522"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:23:58.502456+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Golden Matrix Q1 revenue up 21% to $10.78M; net loss $443K vs prior net income

## Summary
- Revenue $10.78M, up 21.4% YoY from $8.88M.
- Net loss of $443.5K, down from net income of $349.4K in Q1 2022; noncash stock comp of $962K.
- Adjusted EBITDA $889.6K vs $729.3K in prior year.
- Cash $15.42M; total assets $34.38M; shareholders' equity $30.52M.
- B2C segment (RKings) contributed 61% of revenue; MeridianBet $300M acquisition expected H1 2023.

## SEC filing metadata
- accession: 0001477932-23-001522
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793223001522/0001477932-23-001522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793223001522/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-001522
- JSON: https://secwatch.observer/filing/0001477932-23-001522.json
- Plain text: https://secwatch.observer/filing/0001477932-23-001522.txt

## Key facts
- Earnings Releases
  Meridian Holdings Inc./NV reported three-month period ended January 31, 2023 results: revenue $10,777,679, net income $(443,521).
  - Period: three-month period ended January 31, 2023
  - Revenue: $10,777,679
  - Net income: $(443,521)
  - Result: reported results
  source text: Golden Matrix Reports First Quarter Financial Results With Record Revenues of $10.78 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437925/000147793223001522/0001477932-23-001522-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.