Golden Matrix (US:GMGI)2024-08-15 01:12Financial Performance - Second quarter consolidated revenue grew 75% to $39.4 million[13] - Year-to-date revenue grew by 41% to $64.3 million[14] - Second quarter consolidated gross profits increased by 311% to $21.7 million[16] - Year-to-date gross profits increased by 169% to $39.4 million[16] - Shareholders' equity grew 520% to $89.5 million compared to December 2023[18] - Cash on hand was over $40 million as of July 31, 2024, a 96% increase over December 2023's $20.4 million[19] - The company has a Net Debt Leverage ratio of 16[19] Divisional Highlights - Rkings and its related company posted revenues of over $9.6 million in the second quarter, an increase of over 43% year-over-year[24] - IGMA's second quarter wagering grew by 124% to $12 billion; year-to-date wagering increased by 141% to $22 billion[25] - IGMA's second quarter Gross Gaming Revenue grew by 187% to $38 million; year-to-date revenue increased by 186% to $68 million[25] - Meridianbet's second quarter revenue increased by 114% compared to Q2 2023[28] - MexPlay's second quarter deposits increased by 297% to $12 million[27]