Bragg Gaming shares jumped 13.64% on significant insider stock purchases and positive 2025 revenue projections. Trading volume more than doubled the daily average following management's announcement of substantial stock acquisitions.

CEO Matevž Mazij emphasized that insider purchases align with the company's strategic plans, showing management's confidence in the undervalued shares while pursuing enhanced liquidity.

The Toronto-based gaming technology provider anticipates double-digit revenue growth in 2025, with expanded profit margins and improved operational leverage. Formal guidance will be released in early 2025.

Key points from the announcement:

• Double-digit top-line growth expected for 2025
• Expanding bottom-line margins projected
• Increased operational leverage anticipated
• Robust pipeline of opportunities in development

Following a strategic review initiated in early 2024, Bragg identified critical focus areas:

• Stronger cash generation
• Increased revenue diversification
• Accelerated proprietary content growth
• Enhanced margins

The company, which provides iGaming and sportsbook technology through its ORYX Gaming brand, opted against a sale after the strategic review but gained valuable insights into factors that potential acquirers prioritize when evaluating the company's intrinsic value.

Related Articles

Previous Articles