Bragg Gaming Announces Significant Insider Share Purchases, Reiterating Expectations For Strong 2025 Performance Including Double-Digit Revenue Growth, Expanding Profit Margins, And Increased Operational Leverage; Reiterates 2025 Outlook And Guidance Timeline
- Significant insider buying indicates management's conviction in undervalued shares
- Reiterates Strong 2025 Outlook: double-digit revenue growth, expanding profit margins, and increased operational leverage – with formal guidance to be issued in early 2025
- Strategic growth and liquidity initiatives remain key priorities following review conclusion
Bragg Gaming Group Inc. (NASDAQ:BRAG, TSX:BRAG) ("Bragg" or the "Company"), a global B2B iGaming content and technology solutions provider, announced today significant insider share purchases demonstrating management's confidence in the Company's undervalued shares, while reiterating expectations for strong 2025 performance including double-digit revenue growth, expanding profit margins, and increased operational leverage, with formal guidance to be issued in early 2025. Bragg also emphasized that strategic growth and liquidity initiatives remain key priorities following the Board's Strategic Alternatives Process conclusion.
Matevž Mazij, Chief Executive Officer for Bragg, commented:
"The recent insider purchases by Bragg's management and board underscore our confidence in the company's near-term potential. We remain committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives. While the strategic review process has concluded, our dedication to pursuing these objectives heading into 2025 remains unchanged.
"Furthermore, the strategic review process provided invaluable insights into the key factors potential acquirers prioritize when crafting bids that accurately reflect our intrinsic value. We've identified key focus areas, such as stronger cash generation, increased revenue diversification, accelerated proprietary content growth, and enhanced margins. These are tangible, actionable targets that have been at the heart of our strategic initiatives, and we believe are achievable under our 2025 plan.
"The alignment between management's insider purchases and our strategic roadmap demonstrates that we're not just talking about value creation – we're investing alongside our shareholders while actively pursuing paths to enhanced liquidity. While the formal review process has concluded, it has sharpened our focus on the metrics that matter most. These concrete objectives, combined with our ongoing commitment to explore opportunities that could provide meaningful liquidity events for our investors, strengthen our position. As insiders, we clearly see the potential to see this value realized in 2025."
Reiterates 2025 Outlook and Guidance Timeline
Bragg is actively advancing a robust pipeline of opportunities that is anticipated to drive strong momentum as we enter 2025. The outlook for 2025 remains positive, with expectations of sustained double-digit top line growth, expanding bottom line margins, and increased operational leverage, further strengthening Bragg's position in the market. Formal guidance is expected to be issued in early 2025.
The preceding outlook constitutes forward-looking information within the meaning of applicable securities laws, and is based on a number of assumptions and subject to a number of risks.
