Golden Matrix posts record Q3 revenue $11.3M (+24% YoY) but net loss of $966K due to acquisition and start-up costs

Meridian Holdings Inc./NV

2023-Q3 EPS reported -$0.06 revenue$32,393,064

Q3 revenue $11.3M (record), up 24% YoY; nine-month revenue $32.4M, up 22%.
Q3 net loss $965,628 vs income $628,332 last year; nine-month net loss $1.9M vs income $1.6M.
Adjusted EBITDA $161,783 in Q3; $1.5M for nine months; 7th consecutive quarter positive operating cash flow.
Cash $16.1M; working cap $18M; shareholders' equity $30.9M.
Net loss driven by $931K stock-based compensation, MeridianBet due-diligence costs, and Mexplay start-up marketing.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Meridian Holdings Inc./NV reported third fiscal quarter ended July 31, 2023 results: revenue $11.3 million, net income $(965,628).

Period: third fiscal quarter ended July 31, 2023
Revenue: $11.3 million
Net income: $(965,628)
Result: reported results

Exact text from the filing

gaming and eCommerce platforms, systems and gaming content, today reported financial results for its third fiscal quarter ended July 31, 2023. · Record quarterly revenues of $11.3 million, an increase of 24% on revenues of $9.1 million in the like year-ago quarter. · Q3 net income (loss) of $(965,628) versus $628,332 in the like year-ago quarter. · Revenues of

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Source: SEC EDGAR

accession 0001477932-23-006687

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