Investing in GMGI
Safe Harbour Statement
This web site as well as the company’s press releases from time to time may contain “forward-looking statements” within the meaning of the private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective.
Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties.
Many of which are beyond the company’s ability to control, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company’s periodic filings with the Security and Exchange Commission. The company undertakes no obligation to update any forward-looking statements.
Actual result may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the company’s business and finances in general.
The summary of the Company’s performance and highlights includes both financial measures in accordance with U.S. generally accepted accounting principles, or GAAP, as well as non-GAAP financial measures. The non-GAAP financial measures represent earnings before interest, taxes, non-cash and other items (which we refer to as “Adjusted EBITDA”). Adjusted EBITDA should be viewed as supplemental to, and not as an alternative for net income or loss calculated in accordance with GAAP (referred to below as “net income”) or income or loss from continuing operations calculated in accordance with GAAP (referred to below as “income from continuing operations”).
The following is an explanation of the items excluded by us from Adjusted EBITDA but included in net income and income from continuing operations:
Interest Income and Expense. Interest income is associated with the level of marketable debt securities and other interest-bearing accounts in which we invest, and interest expense is related to our company’s capital structure. Interest income and expense varies over time due to a variety of financing transactions. We have, in the past, issued convertible notes.
Stock-Based Compensation Expense. Stock-based compensation expense is a non-cash expense arising from the grant of stock-based awards to directors and external consultants.
Other Items. We engage in other activities and transactions that can impact our net income or income from continuing operations. In recent periods, these other items included: (i) gain or loss on extinguishment of debt; (ii) gain or loss on derivative liability.
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Enabling gaming operators with highly modular, configurable and scalable gaming platforms is our business