AUS
NZ
UK
CA
USA
IND
_10_04_2024_16_38_50_427275.jpg)
Highlights
- Yellow Pages is a media company that offers marketing solutions to its clients.
- Bragg Gaming is a next-generation gaming group whose main asset is ORYX Gaming.
- Bragg Gaming reiterated its outlook for 2022 and said it hopes to clock revenues between USD 72-76 million.
Ever since the US Federal Reserve announced hiking interest rates to fight rising inflation, it appears that investors have gone into a panic mode amid recession fears.
Also Read: Activision soars as Berkshire ups stake: Does Buffett own TSX stocks?
In 2022, the equities markets are not faring well, and it is becoming difficult for investors to choose stocks for their investment portfolios.
On May 11, several companies announced financial results, and the results of Yellow Pages Limited and Bragg Gaming caught our attention. Here's why you could consider exploring them:
Yellow Pages Limited (TSX:Y)
Yellow Pages is a media company that offers marketing solutions to its clients. The company's major revenue comes from the segment called Yellow Pages.
The company reported strong first-quarter 2022 financial results on May 11 and said its net earnings increased to C$ 14.63 million from C$ 12.13 million in Q1 2021. The diluted earnings per share (EPS) jumped to C$ 0.56 from C$ 0.44 in the comparable period.
Also Read: BNS, MG, CTC, FSV, TIH: Undervalued dividend stocks to buy amid selloff
Due to solid financial results, Yellow Pages announced a cash dividend of C$ 0.15 per common share, and it would be payable on June 15. The dividend would be paid to shareholders of record as of May 27 of this year.
Yellow Pages said that the company maintained a strong cash position in the first quarter of this year and its cash on hand stood at around C$ 125 million as of the end of April 2022.
Bragg Gaming Group Inc. (TSX:BRAG)
The interactive media company is a next-generation gaming group whose main asset is ORYX Gaming. This asset is a casino content aggregator and a business-to-business gaming technology platform.
On May 11, Bragg Gaming said it reported a record revenue of US$ 20.5 million after increasing 36.4 per cent year-over-year (YoY) in Q1 2022.
Notably, the company's adjusted EBITDA increased 26% YoY to US$ 3.2 million. Meanwhile, the gross profit jumped 50.7% YoY to US$ 10.6 million in Q1 2022.
Bragg Gaming reiterated its outlook for 2022 and said it hopes to clock revenues between USD 72-76 million and adjusted EBITDA of USD 10-11.1 million.
Also Read: Lightweights in 2022: 5 junior Canadian stocks to buy in May
Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
