Streetbeat News

BRAG

Bragg Gaming Group Inc.

https://www.bragg.games

Industry

Electronic Gaming & Multimedia

Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide. The company provides business-to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games, as well as virtual sports. The company also provides managed operational and marketing services to its iGaming operator customers to complete its turnkey gaming solution. It offers proprietary third-party gaming content, which delivers through a single integrated platform. The company also holds various content distribution rights through partnerships with selected third-party studios. Bragg Gaming Group Inc. is headquartered in Toronto, Canada.

Open

3.08

Mkt cap

82M

Volume

103K

High

3.34

P/E Ratio

-9.08

52-wk high

7.00

Low

3.08

Div yield

N/A

52-wk low

2.86

Bragg Gaming Group Inc. (BRAG) has entered into an international distribution agreement with Light & Wonder to feature Bragg's online casino content on Light & Wonder's ecosystem. This deal includes games from Bragg's proprietary studios and exclusive content from its Powered by Bragg partners, expanding Bragg's reach in European, USA, and Canadian markets. The collaboration aims to enhance Bragg's game exposure and strengthen its casino offering with new titles.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:07 pm

Accenture plc (ACN) is acquiring CLIMB to expand its technology capabilities, with shares slightly up in after-hours trading. Agenus Inc. (AGEN) announced a 1-for-20 reverse stock split, causing a share price drop. Lotus Technology Inc. (LOT) is set to report Q4 financial results before April 8, 2024, with a slight share price increase. RADCOM Ltd. (RDCM) announced a CEO change, leading to a share price decrease. Bragg Gaming Group Inc. (BRAG) reported the resignation of its CFO, with shares slightly up.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 7:19 am

Bragg Gaming Group Inc. announced the resignation of CFO Ronen Kannor, effective June 3, 2024. The company is now searching for a replacement. Kannor's tenure saw significant achievements including uplisting to the Toronto Stock Exchange, dual listing on NASDAQ, and completing two acquisitions, contributing to consecutive years of revenue, gross profit, and adjusted EBITDA growth.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 9:03 pm

Benchmark analyst Mike Hickey reiterates a Speculative Buy rating on Bragg Gaming Group (NASDAQ:BRAG) and maintains an $8 price target.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:15 pm

Bragg Gaming Group (NASDAQ:BRAG) reported Q4 earnings with a loss of $(0.03) per share, missing the $(0.01) estimate by 200%, and sales of $25.14M, missing the $37.82M estimate by 33.52%. This represents a 25% increase in losses and a 1.41% decrease in sales from the same period last year.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 1:27 pm

Bragg Gaming's shares dropped following the announcement of its Q4 results, the issuance of its 2024 guidance, and the formation of a committee to evaluate strategic options.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:15 am

Bragg Gaming has updated its 2024 full year revenue and Adjusted EBITDA guidance, expecting revenue to increase by 9.1% to 16.6% to USD 109.7-117.2 million and Adjusted EBITDA to rise up to 21.7% to USD 16.3-19.9 million. These projections represent a midpoint growth of 12.8% for revenue and 10.9% for Adjusted EBITDA over 2023 figures.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:11 am

Bragg Gaming's Board of Directors has established an ad hoc special committee, led by Don Robertson, to explore strategic alternatives for the company. These alternatives could include a sale, merger, financing, further acquisitions, or other strategies. No specific timeline for this strategic review has been set, and there are no guarantees that any transaction will result from this process.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:08 am

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.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:04 am

Numerous companies are scheduled to report their earnings on March 26, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include bluebird bio with an expected quarterly loss, Elbit Systems projecting earnings, and GameStop anticipated to report earnings. Other companies like McCormick & Co and TD Synnex are also expected to report significant earnings, while firms like AEye and Ouster are projected to report losses.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 8:47 am

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