GMGI Earnings Prediction
The chart below shows how GMGI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GMGI sees a +6.64% change in stock price 10 days leading up to the earnings, and a -3.77% change 10 days following the report. On the earnings day itself, the stock moves by -0.75%. This data can give you a slight idea of what to expect for the next quarter's release.
GMGI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
-0.03
-100.00%
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No Data Available
GMGI Earnings Analysis
Golden Matrix Group, Inc. Common Stock Corporation (GMGI.O) Earnings Conference Call
Positive
Quarterly Revenue Surge: Third quarter consolidated revenues grew 85% to $41 million, a continuation of the strong trend shown in the last quarter.
Revenue Growth Surge: Year-to-date revenue grew by 55% to $105 million.
Gross Profit Surge: Third quarter consolidated gross profit increased by 39% to $22.4 million and year-to-date gross profit also increased by 24% to $61.8 million.
Q3 Adjusted EBITDA Results: Third quarter consolidated adjusted EBITDA was $4.3 million.
Shareholder Equity Increase: Shareholder equity of the company grew 60% to $94 million.
Negative
EBITDA Decline Analysis: Third quarter consolidated adjusted EBITDA was $4.3 million, indicating a decline in profitability due to increased costs associated with the Meridien bet acquisition and the integration of Classics for a Cause.
Acquisition-Related Costs Impact: During Q3, we did encounter residual one-off costs due to the completion and implementation of the Meridien bet acquisition, which negatively impacted our financial results.
Integration Costs Impact Profitability: The company incurred significant costs related to the integration of the newly acquired Classics for a Cause, which affected overall profitability in the third quarter.
Profit Margin Challenges: Despite strong revenue growth, the company faced challenges in maintaining profit margins due to rising operational costs and integration expenses.
Cautious Financial Outlook: The overall outlook for the company remains cautious as we navigate through the financial impacts of recent acquisitions and the associated costs.
GMGI FAQs
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GMGI Earning Call Sentiment
Golden Matrix Group, Inc. (GMGI) Q3 2024 Earnings Call Transcript
1.0x
00:00
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GMGI.O
9.45%Positive
The earnings call highlights strong financial performance with significant revenue and profit growth, especially in wagering and strategic acquisitions. The company's focus on cost efficiencies, operational optimization, and expansion strategy further supports a positive outlook. The Q&A session did not reveal any major concerns, and the optimistic guidance for Q4 suggests continued growth. These factors indicate a likely strong positive stock price movement over the next two weeks.
