This report provides a summary of Bragg Gaming Group Inc., a technology and content supplier to the gaming industry. Key points include: - The stock is rated as very bearish with a score of 0 out of 10. - Negatives include low market capitalization, negative cashflow, and underperformance relative to peers and market indices. - Recent analyst ratings have lowered the target price but maintain a buy rating. - Financial data is provided for annual and quarterly results.

1. Page 1 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | NSD | Common Stock
Values as of 16th Jun, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Last Close
USD 4.77
Change
-0.28(-5.54%)
Market Cap
USD 0.10B
1 Yr Capital Gain
N/A
1 Yr Dividend Return
N/A
1 Yr Total
Return
N/A
Earning Growth (5 yr)
N/A
Average Target Price
15.33(+221.45% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
N/A
Our view of the stock is Very Bearish with a score of 0 out of 10, where 0 is very bearish and 10 very bullish
What to like
There is nothing we particularly like
What to not like
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique
technology or market which can help it grow or get acquired in future.
Negative cashflow
The company had negative total cash flow in the most recent four quarters.

2. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
BRAG
Bragg Gaming Group Inc
-63.7% 0 -63.7%
QQQ
Invesco QQQ Trust
-27.1% +0.2% -26.9%
Company Overview
Bragg Gaming Group Inc. operates as a technology and content supplier to the gaming industry worldwide. The company provides business-
to-business online gaming solutions. It offers a range of games, including slot, table, card, video bingo, scratch card, and live dealer games,
as well as virtual sports. The company also provides managed operational and marketing services to its iGaming operator customers to
complete its turnkey gaming solution. It offers proprietary third-party gaming content, which delivers through a single integrated platform.
The company also holds various content distribution rights through partnerships with selected third-party studios. Bragg Gaming Group Inc.
is headquartered in Toronto, Canada.

3. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.bragg.games
Address
130 King Street West, Toronto, ON, Canada, M5X 1E3
Fiscal Year End
December
Employees
320
Technical Indicators
Value Value
Beta 0.96 52 Week High 14.70
Short Ratio 26.39 52 Week Low 4.06
Shorted Shares 518,670 200 Day Moving Average 6.84
Shorted Shares Previous Month 518,558 50 Day Moving Average 5.35
Shares Held By Insiders 3,110.00% Short Percentage 3.00%
Shares Held by Institutions 6.52 Dividend Yield N/A

4. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Market Performance
Market Performance vs. Industry / Classification (Electronic Gaming & Multimedia) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -5.17% -28.9% 82% -26.1% 74%
Dividend Return N/A 0.7% N/A 1.1% N/A
Total Return -5.17% -28.9% 82% -25.4% 73%
Trailing 12 Months
Capital Gain N/A -44.9% N/A -28.6% N/A
Dividend Return N/A 0.5% N/A 2.3% N/A
Total Return N/A -44.9% N/A -27.0% N/A
Trailing 5 Years
Capital Gain N/A 25.7% N/A -0.9% N/A
Dividend Return N/A 3.5% N/A 10.9% N/A
Total Return N/A 29.2% N/A 9.1% N/A
Average Annual (5 Year Horizon)
Capital Gain N/A 10.1% N/A 1.9% N/A
Dividend Return N/A 0.6% N/A 1.8% N/A
Total Return N/A 10.7% N/A 3.9% N/A
Risk Return Profile
Volatility (Standard
Deviation)
N/A 36.9% N/A 31.9% N/A
Risk Adjusted Return N/A N/A N/A 19.0% N/A
Market Capitalization 0.10B 0.33B 41% 0.33B 29%

5. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio N/A 25.2 N/A 16.1 N/A
pbratio 1.5 1.8 56% 1.6 54%
pcfratio -2,526.2 0.0 100% -0.1 99%
pfcfratio N/A 5.9 N/A 10.0 N/A
Management Effectiveness
retequity -11.86% 0.8% 38% 0.3% 40%
retinvcap -10.15% -7.6% 41% -0.5% 37%
retass -4.09% 1.4% 41% 0.1% 37%
debtequityratio N/A 3.4% N/A 32.4% N/A
Technical Ratios
yield N/A 0.6% N/A 2.7% N/A
sratio 26.39 2.18 6% 3.05 1%
spercent 4.69% 2.2% 24% 3.1% 38%
beta 0.96 1.21 53% 1.10 61%

6. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Initiated Maxim Group Buy USD 12 2022-06-15
Target Lowered by Canaccord Capital USD 19 » USD 15 2022-05-12
Target Lowered by Canaccord Capital USD 21 » USD 19 2022-03-11
Target Lowered by Canaccord Capital Buy USD 30 » USD 21 2021-11-09

7. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Annual Financial (USD)

8. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Quarterly Financial (USD)

9. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
BRAG:NSD (Bragg Gaming Group Inc)
Electronic Gaming & Multimedia | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 17th June, 2022
Largest Industry Peers for Electronic Gaming & Multimedia
Symbol Company Name Price(Change) Market Cap
NTES NetEase Inc -8.03 (-7.8%) USD 67.52B
ATVI Activision Blizzard Inc -1.42 (-1.9%) USD 58.91B
EA Electronic Arts Inc -1.28 (-1.0%) USD 36.18B
TTWO Take-Two Interactive Software .. -1.26 (-1.0%) USD 20.44B
ZNGA Zynga Inc N/A USD 9.30B
BILI Bilibili Inc -1.12 (-4.2%) USD 8.99B
GLUU Glu Mobile Inc N/A USD 2.20B
SCR Score Media and Gaming Inc N/A USD 1.99B
AVID Avid Technology Inc -0.46 (-1.8%) USD 1.16B
SOHU Sohu.Com Inc -0.59 (-3.8%) USD 0.59B
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%