EveryMatrix reports EBITDA of $22.3m for 2021
A strong fourth quarter and continued US expansion have contributed to the company’s 2021 success.
EveryMatrix has released its Q4 and 2021 yearly financial reports. The company reported substantial growth based on its latest figures.
Gross profit year-over-year rose by 32% and reached $58.32m. During the fourth quarter, gross profit was $15.73m, increasing by 26% from the prior year’s period.
The company’s full-year EBITDA reached more than $22.3m, an increase of 65% year over year. During the last quarter, its EBIDTA was $4.98m, up 23% from the same period last year.
Ebbe Groes, Group CEO of EveryMatrix, said: “I am delighted to report excellent results for the fourth quarter and 2021 as a whole in terms of strong gross profit and EBIDTA growth, onboarding of new clients, and deals signed. We delivered this result despite the regulatory changes in Germany which have impacted the Casino segment significantly.
“This achievement proves the positive effect of the bold leap EveryMatrix took when investing heavily in product and technology. It has given us a strong, diverse and competitive product offering and the ability to attract new clients.”
US expansion was also a focus during the fourth quarter. The company signed several partnership deals, including a recent games contract with Golden Nugget Online Gaming.
EveryMatrix fulfilled licensing requirements in New Jersey and submitted license applications in West Virginia and Michigan. The company plans to file additional applications in other US states as well as in Canada.
“The number of active leads, client launches, and new product launches makes me confident about our prospects and further demonstrates the momentum with EveryMatrix’s innovative product offering and highly scalable and modular software platform,” said Groes.
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