Bragg Gaming Group First Quarter Revenue Rises 4.2% to EUR 23.8 Million (USD 25.6 Million)
Revenue increased by 4.2% to EUR 23.8 million (USD 25.6 million) compared to EUR 22.9 million (USD 24.6 million) in 1Q23.
- Revenue increased by 4.2% to EUR 23.8 million (USD 25.6 million) compared to EUR 22.9 million (USD 24.6 million) in 1Q23.
- Gross profit decreased 2.8% to EUR 11.9 million (USD 12.8 million) from EUR 12.2 million (USD 13.1 million) in 1Q23, representing a gross profit margin of 49.9%.
- Cash flow generated from operations was EUR 2.7 million (USD 3.0 million), a decrease of EUR 3.6 million (USD 3.9 million) compared to 1Q23 mainly as a result of movement in working capital.
- Cash and cash equivalents as of March 31, 2024 was EUR 7.7 million (USD 8.3 million) and net working capital, excluding deferred consideration and convertible debt, was EUR 3.8 million (USD 4.1 million).