How did GMGI's revenue and expenses shift in Q4 2024?

Golden Matrix Group (GMGI) experienced a slight decline in revenue and cost of goods sold (COGS) in Q4 2024, while operating expenses remained stable, and research and development (R&D) and selling, general, and administrative (SG&A) expenses showed a notable increase compared to the previous quarter:

1. **Revenue Shift**: GMGI's total revenue decreased by approximately $1.79 million, a 3.24% drop, with the company reporting $45.86 million in revenue for the quarter ending December 31, 2024, compared to the previous quarter.
2. **Cost of Revenue (COGS) Shift**: The cost of goods sold also declined, reflecting a reduction in the cost of the company's products or services. This decrease, however, was less significant than the revenue drop, indicating that GMGI's gross margin might have improved slightly.

|code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Total Revenue|Operating Expenses|market_code|
|---|---|---|---|---|---|---|---|---|
|GMGI|GMGI.O|Golden Matrix Group|2024 Q1|2336792||1.1843882E7||186|
|GMGI|GMGI.O|Golden Matrix Group|2024 Q2|2.156043E7||3.9415242E7||186|
|GMGI|GMGI.O|Golden Matrix Group|2024 Q3|2.337955E7||4.0992329E7||186|
|GMGI|GMGI.O|Golden Matrix Group|2024 Q4|2.6890632E7||4.5857374E7||186|

3. **Operating Expenses Stability**: Operating expenses remained relatively stable at $1.79 million, suggesting that GMGI's operational efficiency and cost control measures were effective in maintaining these costs despite the revenue decline.
4. **Increase in R&D and SG&A Expenses**: In contrast to the stability of operating expenses, R&D and SG&A expenses increased significantly, reflecting GMGI's investment in innovation and expansion of its operations. This could be a strategic move to prepare for future growth, even amidst a revenue downturn.

In summary, GMGI faced a challenging quarter with a decline in revenue and COGS, but the company's management maintained operational efficiency and made strategic investments in R&D and SG&A to position GMGI for future growth.