Bragg Gaming Group (TSX.V: BRAG) (OTCQX: BRGGF) today released its results for the third quarter ended September 30, 2019. Per the update, the company delivered continued growth with revenue of C$10.0M, gross profit of C$4.3M, EBITDA of C$0.2M, and net loss from continuing operations of C$0.2M in the third quarter. These results culminated in strong performance for the first nine months of 2019 with revenue of C$28.0M, gross profit of C$12.6M, EBITDA of C$0.6M and net loss from continuing operations of C$7.6M.* “I am extremely pleased with the company’s progression over the past quarter. We’ve proven that, with our modern technology and seamless integration process, we are able to expand our operator base at a significantly faster rate than the competition. I am particularly pleased that the strong momentum of operator launches experienced in the first half of the year continued into Q3 with the successful launch of 10 new operators. We expect this momentum to further accelerate throughout Q4 with more than 14 launches in the pipeline,” Bragg CEO Dominic Mansour said in the news release.
To view the full press release, visit http://nnw.fm/L4n1X
About Bragg Gaming
Bragg Gaming Group Inc. is a next generation gaming group with cutting-edge technology, leading brands and world-class management expertise, developing into a global gaming force. Formed by a team of gaming industry experts, Bragg’s portfolio includes ORYX Gaming, an innovative B2B gaming technology platform and casino content aggregator and GIVEMESPORT, a top sports media outlet and with over 26M fans, the number one Facebook Sport Publisher. Through these brands, Bragg is focused on becoming a leader within the evolving global gaming industry. Learn more at www.Bragg.Games.
*All results presented are those from continuing operations except where explicitly stated. EBITDA is a company-specific non-GAAP non-IFRS financial measure. A reconciliation to Net loss is provided in the ‘Management Discussion and Analysis for the three-month and nine-month period ended September 30, 2019.’
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
