MotorSport Games

Motorsport Games, Inc. engages in developing, publishing and providing esports ecosystem of official motorsport racing series. It operates through the Gaming and Esports segments. The Gaming segment develops and publishes interactive racing video games and entertainment content and services. The Esports segment organizes and facilitates esports tournaments, competitions, and events for licensed racing games, as well as on behalf of third-party video game racing series and other video game publishers. The company was founded in August 2018 and is headquartered in Miami, FL.

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MotorSport Games reports revenue growth and explores strategic alternatives

MotorSport Games showed revenue growth and improved net income in Q2 2024.
Successful launch of Le Mans Ultimate and plans for expansion to new platforms.
Liquidity concerns persist, prompting exploration of strategic alternatives.
Focus on diversifying revenue streams and improving financial stability.

MotorSport Games reports Q3 revenue growth amidst funding challenges

MotorSport Games reported mixed financial results for Q3 2024, with revenue of $1.8 million, a net loss of $0.6 million, and adjusted EBITDA of $0.1 million. The company highlighted progress in game development and partnerships but faces challenges in funding and uncertainties ahead.

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Motorsport Games, Inc. engages in the business of developing and publishing racing games. It operates under the Gaming and Esports segments. The Gaming segment focuses on the development and publishing of interactive racing video games, entertainment content, and services. The Esports segment is involved in the organization and facilitation of esports tournaments, competitions, and events for licensed racing games, as well as on behalf of third-party video game racing series and other video game publishers. The company was founded on August 2, 2018 and is headquartered in Miami, FL.

Motorsport Games Inc. (NASDAQ:MSGM ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Motorsport Games Inc. Third Quarter 2024 Earnings Call. [Operator Instructions].

Motorsport Games Inc. (MSGM) Q3 2024 Earnings Call Transcript

MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website.

Motorsport Games Reports Third Quarter 2024 Financial Results

MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the third quarter of 2024 on Thursday, November 14, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m.

Motorsport Games to Report Third Quarter 2024 Financial Results

MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) is announcing that the Board of Directors has authorized management to consider strategic alternatives to maximize shareholder value, including a potential sale or merger of the Company. Management is also seeking funding that would allow it to deliver on viable opportunities including bringing Le Mans Ultimate to Sony PlayStation and Microsoft Xbox gaming consoles. Le Mans Ultimate is the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans and was released on PC platforms in early access in February 2024.

Motorsport Games Considering Strategic Alternatives

MIAMI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) has released the September Update for “Le Mans Ultimate”, the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of iconic new content for fans of sportscar and sim racing.

Le Mans Ultimate Releases Innovative Co-op Game Mode, Save & Load System and 2024 Pack 2 DLC

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Motorsport Games Inc. (NASDAQ:MSGM ) Q2 2024 Earnings Conference Call August 9, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Motorsport Games Inc. Second Quarter 2024 Earnings Call. At this time, all lines are in listen-only mode.

Motorsport Games Inc. (MSGM) Q2 2024 Earnings Call Transcript

MIAMI, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its second quarter ended June 30, 2024. The Company has also posted the second quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website.

Motorsport Games Reports Second Quarter 2024 Financial Results

MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into definitive agreements for the sale and issuance of 460,830 shares of Class A common stock (or pre-funded warrants in lieu thereof) of the Company at an offering price of $2.17 per share (or per pre-funded warrant in lieu thereof), in a registered direct offering priced at-the-market under the Nasdaq rules. In a concurrent private placement, Motorsport Games will issue unregistered Series A warrants to purchase up to 460,830 shares of Class A common stock and unregistered Series B warrants to purchase up to 460,830 shares of Class A common stock, each will be exercisable on the effective date of stockholder approval of the issuance of the shares upon exercise of the unregistered common warrants (the “Stockholder Approval”), at an exercise price of $2.17 per share. The Series A warrants will expire five and one-half years following the Stockholder Approval and the Series B will expire 18 months following the Stockholder Approval. The closing of the offering is expected to occur on or about July 29, 2024, subject to the satisfaction of customary closing conditions.

Motorsport Games Announces $1 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, July 23, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM)(“Motorsport Games” or the “Company”), a racing game developer and publisher, is today releasing the first Downloadable Content (DLC) Pack for ‘Le Mans Ultimate', the official game of the FIA World Endurance Championship and 24 Hours of Le Mans. Available from today, this release marks the first outing of new additions to the 2024 grid, and adds to a growing roster of race tracks.

Le Mans Ultimate releases first DLC including Imola Circuit, Lamborghini SC63 and Peugeot 9X8 2024

MIAMI, June 10, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) is today releasing a major update to Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans. This June update introduces significant new features and new content to enhance the player experience.

Le Mans Ultimate June Update Lands Alongside BMW M Hybrid LMDh and Art Car Livery

MIAMI, June 05, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), the racing game developer and publisher, is pleased to announce that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market.

Motorsport Games Regains Compliance With NASDAQ Listing Rules

Motorsport Games Inc. (NASDAQ:MSGM ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Jason Tilchen - Canaccord Genuity Michael Kupinski - Noble Capital Markets Operator Thank you for standing by, and welcome to Motorsports Games Inc. First Quarter 2024 Earnings Call. As a reminder, today's conference is being recorded.

Motorsport Games Inc. (MSGM) Q1 2024 Earnings Call Transcript

MIAMI, May 09, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), a racing game developer and esports ecosystem provider, is thrilled to announce the launch of RaceControl.gg, a new dedicated platform designed to enhance player engagement with the latest news, updates, tips, and tricks its most recent game, Le Mans Ultimate. As part of this exciting initiative, Motorsport Games has partnered with Coach Dave Academy (Speed Capital Ltd) to manage the content and development of RaceControl.gg.

Motorsport Games Launches RaceControl.gg and Announces Partnership with Coach Dave Academy

MIAMI, May 07, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its first quarter ended March 31, 2024. The Company has also posted the first quarter 2024 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website.

Motorsport Games Reports First Quarter 2024 Financial Results

MIAMI, May 02, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the first quarter of 2024 on Tuesday, May 7, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m.

Motorsport Games to Report First Quarter 2024 Financial Results

MIAMI, May 01, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (the “Company” or “Motorsport Games”), a racing game developer, publisher, and esports ecosystem provider of official motorsport racing series throughout the world, is today announcing the sale of its gaming media outlet Traxion to Traxion.GG Ltd, a UK subsidiary of Grid Finder Ltd for $250,000. This strategic decision continues Motorsport Games' ongoing efforts to streamline operations, reduce operational costs and sell off components not considered core to the future of the business.

Motorsport Games Announces Sale of Traxion

Motorsport Games Inc. (MSGM) Q4 2023 Earnings Call Transcript

MIAMI, April 01, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its fourth quarter and fiscal year ended December 31, 2023. The Company has also posted the fourth quarter and fiscal year-end 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website.

Motorsport Games Reports Fourth Quarter & Full Year 2023 Financial Results

MIAMI, March 27, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the fourth fiscal quarter of 2023 and full 2023 fiscal year on Monday, April 1, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results.

Motorsport Games to Report Fourth Quarter of 2023 & Full Year 2023 Financial Results

Official game of FIA World Endurance Championship and 24 Hours of Le Mans Registrations of interest break target numbers ahead of highly anticipated global launch of new game Internally developed title leverages RaceControl, Motorsport Games' Online Service platform to deliver complete product-to-play ecosystem MIAMI, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Le Mans Ultimate , the official game of the FIA World Endurance Championship, and 24 Hours of Le Mans (ACO), goes on sale in Early Access today. The game is the first officially licenced and dedicated 24 Hours of Le Mans video game for over twenty years, created by Motorsport Games Inc. (NASDAQ:MSGM) (“Motorsport Games”)  development team, Studio 397.

Official 24 Hours of Le Mans Game, Le Mans Ultimate, available today

Le Mans Ultimate will release on the 20th February 2024 allowing fans to enjoy sportscar racing on the simulation and contribute to its future development

Le Mans Ultimate announces Early Access release plan ahead of February launch

Start Time: 17:00 January 1, 0000 5:22 PM ET Motorsport Games Inc. (NASDAQ:MSGM ) Q3 2023 Earnings Conference Call November 07, 2023, 17:00 PM ET Company Participants Stephen Hood - CEO Jason Potter - CFO Ben Rossiter-Turner - VP, IR Conference Call Participants Michael Kupinski - Noble Capital Markets Operator Good day, and welcome to the Motorsport Games Inc. Third Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode.

Motorsport Games Inc. (MSGM) Q3 2023 Earnings Call Transcript

MIAMI, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its third fiscal quarter ended September 30, 2023. The Company has also posted Q3 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website.

Motorsport Games Reports Third Quarter 2023 Financial Results

MIAMI, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) , a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, will report its financial results for the third quarter of 2023 on Tuesday, November 7, 2023, after market close. Management will host a conference call and webcast on the same day at 5:00 p.m.

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