Bragg Gaming Group Q4 Sales $25.20M Miss $37.82M Estimate, Operating Loss of $(0.4)M
Portfolio Pulse from Benzinga Newsdesk
Bragg Gaming Group (NASDAQ:BRAG) reported Q4 sales of $25.20M, missing the $37.82M estimate by 33.37%, and marking a 1.18% decrease from the same period last year. The company also reported an operating loss of $(0.4)M.
March 26, 2024 | 11:04 am
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NEGATIVE IMPACT
Bragg Gaming Group reported Q4 sales of $25.20M, missing estimates by 33.37%, with a slight YOY decrease and an operating loss of $(0.4)M.
The significant miss in sales estimates and the reported operating loss are likely to negatively impact investor sentiment and the stock price of Bragg Gaming Group in the short term. The miss by 33.37% from analyst estimates and a year-over-year decrease in sales indicate potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100