secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001477932-23-006687
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223006687/0001477932-23-006687-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793223006687/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-006687

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