Golden Matrix revenue growth is picking up speed. The company pulled in $151 million for FY24, a 63% increase from last year. But earnings took a hit due to higher costs and restructuring.
Organic revenue grew by 17% in FY24, showing solid performance across all business areas. The strong growth supported the overall Golden Matrix revenue growth trajectory. Each unit contributed positively, helping maintain momentum.
Gross profit increased 30% year-over-year to $89 million. This was supported by operational efficiencies and high-margin product sales. It helped the company improve profit quality even as costs rose.
Net income dropped 111%, resulting in a $1.5 million loss for the year. This was mainly due to $4.5 million in amortization of acquisition-related intangibles and $4.7 million in stock-based compensation. Additional costs included $3.5 million in interest and $2.2 million from restructuring.
Adjusted EBITDA rose 4% to $22.2 million. Despite the fall in net income, this metric shows improved core operating performance.
Cash and cash equivalents reached $30 million, signaling good liquidity. A net debt leverage ratio of 1.8 allows for future investments. The company says it remains positioned for high-growth opportunities.
In Q4 2024 alone, revenue grew to $46 million, up from $25 million a year earlier. But gross margin dropped from 73% to 58% as costs rose. The quarter ended with a $2.1 million net loss compared to $2.0 million in net income in Q4 2023.
Q1 2025 revenue is forecasted between $42 and $45 million. That’s a projected year-over-year jump of 70% to 80%. If met, this would continue the strong Golden Matrix revenue growth pattern.
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