---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-006687"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T22:41:23.475294+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-006687
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793223006687/0001477932-23-006687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793223006687/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-006687
- JSON: https://secwatch.observer/filing/0001477932-23-006687.json
- Plain text: https://secwatch.observer/filing/0001477932-23-006687.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437925/000147793223006687/0001477932-23-006687-index.htm

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