08:19 AM EDT, 03/26/2024 (MT Newswires) -- Bragg Gaming Group ( BRAG ) , a global B2B content-driven iGaming technology provider, on Tuesday reported a fourth-quarter net loss of 786,000 euros ($1.2 million), or 0.03 euros per diluted share, narrower than a loss of 856,000 euros, or 0.04 euros per diluted share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was 23.4 million euros, down from 23.7 million euros a year earlier.

Adjusted EBITDA for Q4 was 2.8 million euros, down from 3.7 million euros a year earlier.

For 2024, Bragg is expecting revenue to rise 9.1% to 16.6% to a range of 102 million euros to 109 million euros, and adjusted EBITDA is expected to increase up to 21.7% to a range of 15.2 million euros to 18.5 million euros.

The midpoints of the 2024 revenue and adjusted EBITDA guidance ranges represent growth of 12.8% and 10.9%, respectively, over the reported full-year 2023 revenue and adjusted EBITDA.

The board has formed an ad hoc special committee, chaired by independent board member Don Robertson, to review the company's strategic alternatives. The options may include the sale of the company or of its assets, a merger, financing, further acquisitions, or other strategic alternatives.

The company's shares, which slipped 0.8% in Canada yesterday, rose 2.6% after hours in US trading on Monday.