Bragg Gaming Group Full Year 2023 Earnings: Misses Expectations

Bragg Gaming Group (TSE:BRAG) Full Year 2023 Results

Key Financial Results

• Revenue: €93.5m (up 10% from FY 2022).
• Net loss: €3.84m (loss widened by 10% from FY 2022).
• €0.17 loss per share (further deteriorated from €0.16 loss in FY 2022).

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 2.9%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are up 7.0% 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.

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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.