EveryMatrix has reported “strong results” for the second quarter of 2022, with revenue amounting to €30.1m ($30m), a 41% increase from the prior-year period.
Gross profit increased by 17% year-on-year to €14.9m, with a four-year CAGR of 35%.
The group noted that regulatory changes in Germany impacted gross profit in the Casino segment, but that the segment still grew 11% year-on-year due to the company’s product diversification and broad client base.
EBITDA was maintained at €5.2m as the group “continues to reinvest positive cash flow into future growth”, with an EBITDA margin of 35%. Net cash increased from €11.1m at the end of Q1 2022 to €15.2m in Q2 2022.