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Bragg Gaming Group (BRAG) Q4 2023 Earnings Call Transcript

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Bragg Gaming Group Inc. (NASDAQ:BRAG ) Q3 2023 Earnings Conference Call November 9, 2023 8:30 AM ET Company Participants Yaniv Spielberg - Chief Strategy Officer Matevz Mazij - Chief Executive Officer Ronen Kannor - Chief Financial Officer Conference Call Participants Gianluca Tucci - Haywood Securities Jordan Bender - JMP Securities Adhir Kadve - Eight Capital Daniel Rosenberg - Paradigm Capital Inc Sid Dilawari - Cormark Securities Operator Welcome everyone to the Bragg Gaming Group Third Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Yaniv Spielberg, Chief Strategy Officer for Bragg Gaming Group.

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Bragg Gaming Group Inc. (BRAG) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago.

Bragg Gaming booked strong Q1 2023 financial results thanks to organic growth and I think is likely to meet its guidance for the full year. The company is valued at just 3.5x EV/EBITDA based on the midpoint of its 2023 EBITDA guidance. In my view, Bragg Gaming should be trading at above 6x EV/EBITDA which translates into $5.22 per share at EBITDA of $17 million.

Bragg Gaming Group Inc. (BRAG) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.04 per share a year ago.

TORONTO, ON / ACCESSWIRE / April 14, 2023 / Bragg Gaming Group (NASDAQ:BRAG) (TSX:BRAG) ("Bragg" or the "Company"), a global B2B content-driven iGaming technology provider, today announced that it will be presenting at the Planet MicroCap Showcase: VEGAS 2023 on Wednesday, April 26, 2023 at 1:30PM PST. Yaniv Spielberg, Chief Strategy Officer for Bragg Gaming Group, will host the presentation and answer questions at the conclusion.