Bragg Gaming Group Inc. (BRAG) Reports Q1 Loss of EUR0.04

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Go back to Bragg Gaming Group Inc. (BRAG) Reports Q1 Loss of EUR0.04

Bragg Gaming Group Reports Record First Quarter Results as Revenue Rises 36.4% to €19.4 Million (USD $20.5 Million)

May 11, 2022 7:00 AM EDT

Revenue Growth Reflects Significant Customer Growth, Market Expansion and Proprietary Games Development Initiatives

Revenue Shift towards Higher Margin Proprietary Content , iGaming PAM and Managed Services Driving Significant Improvement in Gross Profit; Gross Profit Rises more than 50% and Gross Profit Margin Increases Year over Year by 490bps

Adjusted EBITDA Improves more than 26% Year over Year to 3.0 Million (USD $3.2 Million)

Reiterates Full Year 2022 Guidance for Revenue of 68-72 million (USD $72-76 Million) and Adjusted EBITDA of 9.5-10.5 million (USD $10.0-11.1 Million)

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