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.
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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.’
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