Golden matrix reports twelfth consecutive profitable quarter, record revenues for fiscal q2 ended july 31, 2021
Record quarterly revenues (q '22) of $3,251,182, an increase of 211% compared with revenues of $1,045,425 in the like year-ago quarter, and a 23% improvement on revenues of $2,639,402 in the prior (q1 '22) quarter net income of $481,189 versus net income of $127,872 in q1 '22 adjusted ebitda of $667,158, when excluding interest expense, interest income, amortization expense and stock-based compensation expense* record revenues of $5,890,584 for the first six months of fiscal '22, an increase of 231% on revenues of $1,780,189 in the first six months of fiscal ‘21 cash and cash equivalents of $13,879,617, current assets of $16,792,363 and total assets of $17,239,995 as of july 31, 2021 total current liabilities of $1,434,096 and $211,915 of long-term liabilities as of july 31, 2021 company rolls out fully functional seamless aggregation platform, allowing entry into significant global markets las vegas, nv / accesswire / september 10, 2021 / golden matrix group inc. (otc pink:gmgi) , a developer and licensor of online gaming platforms, systems and gaming content, today reported that it achieved its twelfth consecutive quarter of profitability and record revenues exceeding $3.2 million in the second fiscal quarter ended july 31, 2021. the tripling in q2 revenues over the revenues recorded in fiscal q2 ‘21 was primarily a result of gmgi's increased number of both gaming operator customers and registered players with these customers.
