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Anthony Brian Goodman, CEO of Golden Matrix Group, Inc. (NASDAQ:GMGI), and Luxor Capital LLC, a ten percent owner, reported selling 50,000 shares of common stock on July 21, 2025. The sale comes as GMGI’s stock has declined nearly 20% year-to-date, with the company currently valued at $223 million by market capitalization. The shares were sold at prices ranging from $1.60 to $1.70, resulting in a total transaction value of $81,500.
Following the transaction, Goodman directly owns 8,704,079 shares of Golden Matrix Group, Inc. In addition, Luxor Capital LLC, which is wholly-owned by Mr. Goodman, holds 7,470,483 shares.
In other recent news, Golden Matrix Group Inc. reported a strong revenue growth of 72% in its Q1 2025 earnings, reaching $42.7 million. Despite this impressive increase, the company experienced a net loss of $300,000, which equates to 0¢ per share, in line with market forecasts. This development comes amid various market activities and analyses related to the company. Analysts had anticipated the earnings results, and the company’s performance met these expectations. The earnings announcement, however, did not prevent a decline in Golden Matrix’s stock price. These recent developments highlight the company’s current financial situation and market position. Investors and market observers continue to monitor Golden Matrix closely for future updates.
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