secwatch.observer — SEC 8-K summary
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Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001477932-24-000236
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Golden Matrix reports record FY2023 revenue $44.2M (+23% YoY) but net loss $1.17M
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- Revenue $44.2M, up 23% from $36M in FY2022; Q4 revenue $11.8M (record).
- Net loss $1.17M; Adjusted EBITDA $2.4M; non-cash stock compensation $2.45M.
- B2B revenue $15.63M, B2C $28.54M; B2C includes RKings (325k users) and Mexplay (61k users).
- Cash and equivalents $17.1M; total assets $35.6M; no long-term debt.
- MeridianBet acquisition expected to close in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224000236/0001477932-24-000236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224000236/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-000236

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