---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-001201"
form_type: "8-K"
ticker: "MRDN"
cik: "0001437925"
company_name: "Meridian Holdings Inc./NV"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T19:13:46.896750+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Golden Matrix Q1 revenue record $11.84M, net income positive vs loss, adjusted EBITDA $1.19M

## Summary
- Revenue $11.84M, up 10% YoY; net income $74,505 vs loss of $(443,521) in Q1 '23.
- Adjusted EBITDA $1.19M; 9th consecutive quarter positive operating cash flow.
- Cash $17.29M, working capital $19.5M, shareholders' equity $32.15M (up from $31.1M at FYE).
- B2B revenue $4.62M (39%), B2C $7.22M (61%); RKings 338k users, MEXPLAY 84k users.
- Special shareholder meeting for MeridianBet acquisition set for March 19, 2024; proxy statement sent in February.

## SEC filing metadata
- accession: 0001477932-24-001201
- form_type: 8-K
- ticker: MRDN
- cik: 0001437925
- company_name: Meridian Holdings Inc./NV
- filed_at: 2024-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437925/000147793224001201/0001477932-24-001201-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437925/000147793224001201/gmgi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-001201
- JSON: https://secwatch.observer/filing/0001477932-24-001201.json
- Plain text: https://secwatch.observer/filing/0001477932-24-001201.txt

## Key facts
- Earnings Releases
  Meridian Holdings Inc./NV reported first fiscal quarter ended January 31, 2024 results: revenue $11.84 million, net income $74,505.
  - Period: first fiscal quarter ended January 31, 2024
  - Revenue: $11.84 million
  - Net income: $74,505
  - Result: reported results
  source text: Golden Matrix Reports First Quarter Financial Results With Record Revenues of $11.84 Million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437925/000147793224001201/0001477932-24-001201-index.htm

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