secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001477932-23-001522
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223001522/0001477932-23-001522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223001522/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer