Bragg Gaming Group - Delivering operationally and financially
Bragg’s Q120 results demonstrated strong revenue growth (44% y-o-y), adjusted EBITDA margin expansion (to 8.7%) and improved free cash flow generation. Operationally, it continues to win new customers in new geographies and enhance product functionality, which should continue to improve the customer offer, drive growth and de-risk the business. Management has reiterated FY20 guidance for revenue and EBITDA growth of at least c 32% and 349%, respectively, vs FY19. The key drivers of share price performance will be continued strong operating performance and financing the Oryx deferred consideration, part due in September 2020.Breaking Data is engaged in developing advanced search, analysis and information display tools and services. Co. through its wholly owned subsidiary, Devesys Technologies, Inc. (DTI), develops case management, tracking and reporting systems for Fortune 500 companies. The DTI's product line consists of TrakBasic(R), TrakEnterprise(R), and TrakWeb(TM).
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