Bragg Gaming Group Inc Stock Price, News & Analysis

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) announced that CEO Yaniv Sherman and Chief Strategy Officer Yaniv Spielberg will meet institutional investors at The Benchmark Company’s 11th Annual Discovery 1x1 Investor Conference on December 1, 2022, in New York City. This event will provide investors with insights into Bragg’s innovative gaming technology and exclusive content offerings. Interested parties can access the investor presentation via Bragg’s official website.

Bragg Gaming Group (NASDAQ: BRAG) reported strong Q3 2022 earnings, with revenue rising 62.3% to €20.9 million ($20.9 million). Gross profit increased 58% to €10.4 million ($10.4 million), yielding a 50% gross margin. Adjusted EBITDA soared 51.6% to €2.2 million ($2.2 million), reflecting operational efficiency. The company reiterated its full-year 2022 guidance, projecting revenue of €76-80 million ($76-80 million) and Adjusted EBITDA of €10-11 million ($10-11 million). For 2023, Bragg anticipates low double-digit revenue growth and at least 20% growth in Adjusted EBITDA.

Bragg Gaming Group (NASDAQ: BRAG) will release its Q3 2022 financial results on November 10, 2022, prior to market opening. The announcement will be followed by a conference call at 8:30 a.m. ET, featuring CEO Yaniv Sherman, CFO Ronen Kannor, and CSO Yaniv Spielberg. The presentation will be accessible on the company’s investor site. Interested participants can join via provided toll-free and international dial-in numbers, with a conference ID of 2522980. A replay will be accessible until November 17, 2022.

Bragg Gaming Group (NASDAQ: BRAG) has secured exclusive global distribution rights for select titles from Sega Sammy Creation Inc. This partnership reinforces Bragg's content-driven strategy, enhancing its portfolio with recognized slot games aimed at iGaming operators in the USA, UK, and other markets. The collaboration anticipates launching the first SSC title in the U.S. and UK next year, capitalizing on the growing North American online gaming market. Bragg aims to leverage SSC's established brand to expand its reach and resonate with players.

Bragg Gaming Group (NASDAQ: BRAG) has partnered with Bally’s Interactive to enhance its iGaming content offerings. This collaboration will see the launch of Bragg’s proprietary games from studios like Atomic Slot Lab and Indigo Magic across Bally's online brands, including Virgin Casino and JackpotJoy. Additionally, Bragg will distribute exclusive titles through its Remote Game Server from select Bally’s third-party partners. This strategic alliance aims to expand Bragg’s presence in key markets like the UK and U.S., enhancing player engagement with diverse gaming options.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has successfully closed an US$8.7 million funding round through a convertible security funding agreement with Lind Global Fund II LP. The agreement includes a Convertible Security with a face value of US$10.0 million and 979,048 warrants exercisable at C$9.28 over 60 months. The Toronto Stock Exchange has conditionally approved the listing of shares underlying the Convertible Security and Warrants, dependent on compliance with TSX requirements by October 13, 2022.

Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has secured a funding agreement with Lind Global Fund II LP for an investment of US$8.7 million. This investment is aimed at strengthening Bragg's growth initiatives, particularly in enhancing proprietary content development and expanding into new regulated iGaming markets. The company anticipates a revenue growth of 34% and an Adjusted EBITDA growth of 46% for 2022. The funding will be in the form of a convertible security, with a face value of US$10 million, and will support ongoing operational expansion.

Bragg Gaming Group (NASDAQ: BRAG) reported record financial results for Q2 2022, with revenue reaching €20.8 million, up 34.2% year-over-year. Gross profit surged 65.5% to €11.6 million, marking a gross profit margin of 55.9%. Adjusted EBITDA increased by 62.9% to €3.1 million. The company raised its full-year guidance for revenue to a range of €76-80 million and Adjusted EBITDA to €10-11 million, indicating strong operational momentum. Bragg's customer base and proprietary game launches are expanding, driving consistent revenue growth in North America and Europe.

Bragg Gaming Group will announce its second quarter 2022 financial results on August 9, 2022, before market opening. A conference call will follow at 8:30 a.m. ET, featuring CEO Yaniv Sherman and CFO Ronen Kannor, providing insights on the results and business updates. Participants can access the call through various dial-in methods, while a replay will be available until August 16, 2022. Bragg Gaming Group, a leading B2B gaming technology provider, operates internationally, delivering innovative iGaming solutions and casino content.