09:51 AM EST, 12/10/2024 (MT Newswires) -- Bragg Gaming Group ( BRAG ) , a global B2B iGaming content and technology solutions provider, was at last look up more than 3% on the Toronto Stock Exchange on Tuesday after announcing "significant" insider share purchases that, it said, demonstrate management's confidence in the company's undervalued shares. The company also reiterated its expectations for a strong performance in 2025.

Tuesday's statement said the outlook for next year includes double-digit revenue growth, expanding profit margins, and increased operational leverage, with formal guidance to be issued in early 2025. Bragg also emphasized that "strategic growth and liquidity initiatives remain key priorities" following the board's Strategic Alternatives Process conclusion.

"We remain committed to creating shareholder value and liquidity opportunities over the next year through strategic transactions, or other value-enhancing initiatives," Chief Executive Matevz Mazij said in a statement said. "We've identified key focus areas, such as stronger cash generation, increased revenue diversification, accelerated proprietary content growth, and enhanced margins. These are tangible, actionable targets that have been at the heart of our strategic initiatives, and we believe are achievable under our 2025 plan."

He continued: "The alignment between management's insider purchases and our strategic roadmap demonstrates that we're not just talking about value creation -- we're investing alongside our shareholders while actively pursuing paths to enhanced liquidity."

Price: 4.77, Change: +0.14, Percent Change: +3.02