secwatch.observer — SEC 8-K summary
======================================

Issuer:     Meridian Holdings Inc./NV (MRDN)
CIK:        0001437925
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001477932-24-001201
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224001201/0001477932-24-001201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437925/000147793224001201/gmgi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-001201

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