Golden Matrix approved to list on Nasdaq from today

Approval was granted yesterday (16 March) and the provider said it expects to begin trading its shares on Nasdaq from today (17 March).

Golden Matrix’s common shares will trade under the provider’s “GMGI” ticket symbol.

The listing approval comes after Golden Matrix earlier this month reported record quarterly revenue of $8.6m (£6.5m/€7.8m) for the three-month period ending on 31 January 2022.

The record figure represented a 345.0% increase on the same period of the previous year for the virtuals specialist.

Much of the revenue increase was attributed to the provider’s acquisition of UK-based competitions brand RKings, which contributed $5.5m to the revenue total after being acquired in November 2021. 

A further $235,246 of revenue came from a related interest.