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Bragg Gaming Group Inc
(TSX:BRAG)
Bragg Gaming Group Inc (BRAG) vs. iShares MSCI Canada ETF (EWC)
Bragg Gaming Group Inc Business Overview & Revenue Model
Bragg Gaming Group Inc Earnings Call Summary
Bragg Gaming Group Inc Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 102.00M | 93.52M | 84.73M | 58.32M | 46.42M | Gross Profit |
| 54.05M | 49.94M | 45.08M | 28.32M | 20.19M | EBIT |
| -3.54M | -777.00K | -115.00K | -4.50M | 655.00K | EBITDA |
| 12.95M | 12.36M | 8.34M | -1.64M | -9.02M | Net Income Common Stockholders |
| -5.15M | -3.84M | -3.48M | -7.51M | -14.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 10.47M | 8.80M | 11.29M | 16.01M | 26.10M | Total Assets |
| 106.59M | 103.37M | 104.39M | 83.39M | 72.09M | Total Debt |
| 10.28M | 3.28M | 7.39M | 600.00K | 726.00K | Net Debt |
| -191.00K | -5.52M | -3.89M | -15.41M | -25.38M | Total Liabilities |
| 33.10M | 33.12M | 34.85M | 17.20M | 32.20M | Stockholders Equity |
| 73.50M | 70.25M | 69.53M | 66.19M | 39.90M |
| Cash Flow | Free Cash Flow | |||
| -2.00M | 2.02M | -2.17M | -3.31M | 4.22M | Operating Cash Flow |
| 11.16M | 11.74M | 5.75M | -41.00K | 6.73M | Investing Cash Flow |
| -13.17M | -9.72M | -16.87M | -23.88M | -2.78M | Financing Cash Flow |
| 3.61M | -4.17M | 7.01M | 12.41M | 22.26M |
Bragg Gaming Group Inc Technical Analysis
Bragg Gaming Group Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$60.34M | 10.30 | 9.94% | ― | 25.69% | ― | |
65 Neutral | C$145.14M | ― | -8.37% | ― | 12.10% | -8.43% | |
61 Neutral | $14.68B | 5.92 | -3.83% | 7.51% | 2.79% | -33.07% | |
| $81.72M | 6.43 | 82.67% | ― | ― | ― | ||
54 Neutral | C$50.05M | ― | -49.83% | ― | -58.70% | -711.28% | |
| $779.53K | ― | ― | ― | ― | |||
52 Neutral | C$12.94M | ― | -251.82% | ― | -4.88% | 93.73% |
Bragg Gaming Group Inc Corporate Events
Bragg Gaming Group Inc announced the approval of a new Senior Secured Revolving Credit Facility of up to USD 6 million from a Schedule I Canadian bank. This facility, which offers more favorable terms than the existing promissory note, will be utilized for working capital, growth initiatives, and general corporate purposes, following the repayment of the remaining USD 2 million on the current note. The new credit facility is expected to enhance Bragg’s financial flexibility and support its strategic growth initiatives.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has appointed Scott Milford as Executive Vice President, Group Content, to enhance its global innovation and growth in casino game development. Milford, with over 25 years of experience in the gaming industry, is expected to lead Bragg’s strategy and development, furthering the company’s momentum in the rapidly expanding U.S. iGaming market. His leadership is anticipated to strengthen Bragg’s position as a pioneer in content innovation and market expansion, particularly with the company’s recent growth and strategic initiatives.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has launched ‘Big Ticket Bonanza’, a gamification tool designed to enhance player engagement through customized campaigns, offering rewards like scratchcards and raffle tickets during gameplay. This tool, part of Bragg’s Fuze™ marketing suite, aims to increase player interaction and wagering volume, and is set for a global rollout, starting with the Senator Group in Croatia, highlighting Bragg’s commitment to innovation and competitive advantage in the iGaming industry.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$9.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group reported a 7.1% increase in first-quarter 2025 revenue to EUR 25.5 million, with a notable 27% growth excluding the Netherlands, driven by a 150% revenue surge in the U.S. market. The company achieved significant profitability improvements through a better product mix, with gross profit margins rising to 56% and adjusted EBITDA increasing by 19.7%. Bragg is reducing its reliance on the Netherlands market due to regulatory pressures, while experiencing robust growth in the U.S. and Brazil. Strategic partnerships, such as with Caesars Digital, and new market entries are expected to further enhance revenue diversification and growth.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
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.
Bragg Gaming Group has acquired a strategic equity stake in Brazilian game development studio RapidPlay, enhancing its position in Brazil’s burgeoning online casino market. This exclusive partnership allows Bragg to integrate RapidPlay’s localized content, leveraging its efficient cost development model to support rapid scalability and margin efficiency. The collaboration is expected to significantly contribute to Bragg’s revenue, with Brazil’s market projected to grow substantially in the coming years.