Golden Matrix Group Q3 EPS $(0.03) Down From $0.02 YoY, Sales $11.31M Up From $9.10M YoY
Portfolio Pulse from Happy Mohamed
Golden Matrix Group (NASDAQ:GMGI) reported Q3 losses of $(0.03) per share, a 250% decrease YoY. However, the company's sales increased by 24.23% to $11.31 million compared to $9.10 million in the same period last year.
September 07, 2023 | 12:41 pm
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NEUTRAL IMPACT
Golden Matrix Group reported a significant decrease in earnings per share, but an increase in sales YoY. This mixed result could lead to uncertainty in the market.
The significant decrease in earnings per share indicates a drop in profitability, which could negatively impact the stock price. However, the increase in sales suggests that the company's revenue generation is strong, which could have a positive effect. The mixed results could lead to uncertainty among investors, potentially causing volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100