Bragg Gaming Issues Upbeat Q2 Sales Guidance, Says Nasdaq Listing on Pace for Q3

Canadian gaming engineering provider Braxton Bragg Gaming (OTC:BRGGF) said earliest this calendar week its second-quarter revenue should upsurge 23.5 percent on a year-over-year basis. It could also lean its shares on the Nasdaq Stock Market sometime inwards the current quarter.

In March, the troupe said it’s preparation to bring its equity to the Nasdaq, asking investors at that clip to approve a share consolidation or opposite stock split to boost its percentage price. That’s inwards an exertion to cope with the exchange’s itemisation requirements.

Currently, the company’s US-listed shares craft otc and craft around $8.70 at this writing. Bragg’s market place capitalisation is $173.56 million, putting the gunstock at the higher finish of micro-cap territory.

The fellowship has filed an diligence for the direct itemization of its shares on the Nasdaq Stock Exchange. The keep company remains committed to this goal, and expects to concluded the direct itemization of its shares on the NASDAQ interchange in Q3 2021,” according to a statement.

Bragg’s contrive for a US itemisation comes amid expectations for exponential growth inwards the Second Earl of Guilford American iGaming market, which the small Canadian outfit is levered to.

Bragg Financial Update

The society calculate revenue of $17.7 zillion for the Apr through June period. That represents a 23.5 percent increase on a year-over-year groundwork and a 5.7 percent pass over from the foremost quarter.

Bragg said that second-quarter enter is “pre-acquisition.” The company continues integrating its purchase of Wild Streak Gaming and expects to close-fitting on the antecedently announced business deal for its Spin Games acquisition later this year.

“The integration and carrying out of Wild Streak Gaming and the anticipated closure of the Spin Games acquisition later this year will berth Braxton Bragg to purchase our existing engineering platform, which includes in-demand participant meshing tools, with young proprietary content and customer relationships positioning Braxton Bragg to turn to the large US iGaming market place opportunity,” said Bragg CEO Richard James Earl Carter Jr. inward the statement.

Those aforementioned transactions point Braxton Bragg is an active participant in iGaming consolidation — a motif analysts are expression testament live relentless for some time.

More Braxton Bragg Details

The Canadian River companion calculate sales of $34.5 gazillion for the first off half of 2021, and notes its full-year teetotum demarcation steering remains unchanged at $55.5 million. Going forward, it’s possible revenue will climb thanks to the Wild Streak purchase.

“In Q2 2021, Wild Streak launched deuce online cassino games: Amazing Money Machine and Lucky Lightning. These games, unitedly with Republic of the Congo Cash and Temujin Treasures (launched inwards Q1 2021), get demonstrated solid execution (e.g., wagering, revenue gaming revenue and unique players),” according to Bragg.

Wild Streak is operating(a) inward septenary cyberspace cassino markets, including New Jersey and the UK. Braxton Bragg reports second-quarter results on Aug. 11.

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