ELYS · OTC
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Updated May 22, 2024
Elys Bmg Group is expected to see strong revenue growth in the coming years, with a potential positive EBITDA as early as 2024. This is due to their expanding operations in both Europe and the US, as well as cost discipline and potential new listings. As a result, the company could see new investor interest and achieve positive EBITDA and earnings ahead of many larger and better resourced gaming peers.
Elys Bmg Group is struggling to maintain the $1.00 minimum bid price requirement, resulting in a 70.4% decline in stock price. Despite a modest adjustment to revenue projections for 2023, the company reported a decline in revenue for 3Q23. While expansion plans in 2024 may bring potential, the current financial struggles and delisting may make it difficult for Elys Bmg Group to attract new investors and drive future growth.
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