Bragg Gaming Group (TSE:BRAG) Second Quarter 2024 Results

Key Financial Results

• Revenue: €24.9m (flat on 2Q 2023).

• Net loss: €2.40m (down from €377.0k profit in 2Q 2023).

• €0.10 loss per share (down from €0.017 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bragg Gaming Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 150%.

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Bragg Gaming Group that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.