Bragg Gaming Group Inc ( (TSE:BRAG) ) just unveiled an announcement.
Bragg Gaming Group Inc has reached an agreement to repay USD 5 million of its USD 7 million secured promissory note and extend the maturity of the remaining USD 2 million until June 6, 2025. This move is part of the company’s strategy to strengthen its balance sheet and secure a new revolving credit facility with more favorable terms, which will enhance financial flexibility and support strategic growth opportunities.
Spark’s Take on TSE:BRAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:BRAG is a Neutral.
Bragg Gaming Group shows strong revenue growth and strategic expansions into North America and Brazil, supported by positive earnings call and corporate events. However, consistent net losses and lack of profitability remain significant concerns. Technical analysis indicates bearish momentum, and valuation metrics highlight current unprofitability. Despite these challenges, the positive outlook for future growth offers potential upside if profitability and cash flow can be improved.
To see Spark’s full report on TSE:BRAG stock, click here.
More about Bragg Gaming Group Inc
Bragg Gaming Group Inc is a leading global B2B iGaming content and technology provider.
YTD Price Performance: 7.29%
Average Trading Volume: 21,661
Technical Sentiment Signal: Buy
Current Market Cap: C$143.9M
For a thorough assessment of BRAG stock, go to TipRanks’ Stock Analysis page.