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 (MSGM) second-quarter 2023 results reflect lower digital and mobile games sales, unfavorable pricing and increased operating expenses.

Motorsport Games (MSGM) Q2 Earnings & Revenues Top, Stock Down

Motorsport Games Inc. (NASDAQ:MSGM ) Q2 2023 Earnings Conference Call August 21, 2023 5:00 PM ET Company Participants Ben Rossiter-Turner - IR Stephen Hood - CEO Jason Potter - CFO Conference Call Participants Jason Tilchen - Canaccord Genuity Michael Kupinski - Noble Capital Markets Operator Thank you for standing by, and welcome to Motorsport Games Inc.'s Second Quarter 2023 Earnings Call. As a reminder, this conference is being recorded.

Motorsport Games Inc. (MSGM) Q2 2023 Earnings Call Transcript

MIAMI, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its second fiscal quarter ended June 30, 2023. The Company has also posted Q2 2023 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company's investor relations website. All share data and share-based calculations set forth in this press release have been adjusted to reflect the Company's 1-for-10 reverse stock split completed on November 10, 2022 on a retroactive basis for the periods presented.

Motorsport Games Reports Second Quarter 2023 Financial Results

MIAMI, Aug. 16, 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 first fiscal quarter of 2023 on Monday, August 21, 2023, 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 Second Quarter 2023 Financial Results

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LE MANS, France, June 05, 2023 (GLOBE NEWSWIRE) -- In recognition of the FIA World Endurance Championship – the ultimate endurance racing challenge, cars representing the ultimate in technology, durability and performance, and taking place at the ultimate motorsport venue, there can only be one name for the official game for the 24 Hours of Le Mans and FIA WEC: Le Mans Ultimate.

Official 24 Hours of Le Mans Game Announced and Named “Le Mans Ultimate”

Motorsport Games Inc. (NASDAQ:MSGM ) Q1 2023 Earnings Conference Call May 11, 2023 6:00 PM ET Company Participants Ken Godskind - Director, Operations Stephen Hood - Chief Executive Officer Jason Potter - Chief Financial Officer Conference Call Participants Jason Tilchen - Canaccord Genuity Michael Kupinski - Noble Capital Markets Operator Thank you for standing by, and welcome to Motorsport Games Inc.'s First Quarter 2023 Earnings Call. All participants will be in listen-only mode.

Motorsport Games Inc. (MSGM) Q1 2023 Earnings Call Transcript

MIAMI, May 08, 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 first fiscal quarter of 2023 on Thursday, May 11, 2023, after market close. Management will host a conference call and webcast on the same day at 6:00 p.m. ET to discuss the results.

Motorsport Games to Report First Quarter 2023 Financial Results

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MIAMI, March 24, 2023 (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, 2022. The Company has also posted a 2022 Year End Review video and Q4 ‘22 and fiscal year-end 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 of 2022 & Full Year 2022 Financial Results

MIAMI, March 21, 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 fourth fiscal quarter of 2022 and full 2022 fiscal year on Friday, March 24, 2023 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 2022 & Full Year 2022 Financial Results

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ab4ece6-5e45-44fa-a66c-80d49561d72a

Le Mans Virtual Series 2022-23 reaches wider worldwide audience

MIAMI, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games”) , a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, announced today a quarterly update and new downloadable content to rFactor 2, one of the most authentic sim racing platforms available to racers around the world.

Motorsport Games Announces Quarterly Update and DLC for rFactor 2

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Together With the Two Registered Direct Offerings Closed Last Week, Motorsport Games Has Raised Approximately $11.32 Million Together With the Two Registered Direct Offerings Closed Last Week, Motorsport Games Has Raised Approximately $11.32 Million

Motorsport Games Announces Closing of $4.03 Million Registered Direct Offering of Common Stock Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 232,188 shares of the Company's Class A common stock at a purchase price of $17.39 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 7, 2023, subject to the satisfaction of customary closing conditions.

Motorsport Games Announces $4.03 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced the closings of its previously announced registered direct offerings priced at-the-market under Nasdaq rules. The Company issued 183,020 shares of its Class A common stock at a purchase price of $21.40 per share in the registered direct offering that closed on February 2, 2023, and issued 144,366 shares of its Class A common stock at a purchase price of $23.50 per share in the registered direct offering that closed on February 3, 2023. The aggregate gross proceeds to the Company from both offerings were approximately $7.29 million, before deducting the placement agent's fees and other offering expenses payable by the Company. Motorsport Games currently intends to use the net proceeds from the registered direct offerings for development of multiple games, working capital and general corporate purposes.

Motorsport Games Announces Closings of $7.29 Million Registered Direct Offerings of Common Stock Priced At-the-Market Under Nasdaq Rules

Shares of Motorsport Games Inc. MSGM, +72.90% tumbled 25.8% in premarket trading Thursday, after the Florida-based racing game developer and esports ecosystem company is taking advantage of a 14-fold spike higher in two days to sell stock. The company announced an agreement is issue and sell 144,366 shares $23.50 a share, in a direct offering, for proceeds of $3.39 million.

Motorsport Games stock pulls back after equity sale follows14-fold surge in 2 days

MIAMI, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 144,366 shares of the Company's Class A common stock at a purchase price of $23.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 3, 2023, subject to the satisfaction of customary closing conditions.

Motorsport Games Announces $3.39 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

MIAMI, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into an additional debt-for-equity exchange agreement (the “Agreement”) with its majority stockholder, Motorsport Network, LLC (“Motorsport Network”), to repay $2,948,565.99 representing all remaining debt (including principal and accrued and not yet paid interest) of the Company under its $12 million line of credit with Motorsport Network.

Motorsport Games Converts All Remaining Debt in Additional Debt-for-Equity Exchange with Motorsport Network

Shares of Motorsport Games (NASDAQ: MSGM ) stock are flying higher after the company announced that it had regained compliance with the Nasdaq's listing rules. The company was previously in violation for having less than 500,000 publicly held shares and for having a board that wasn't comprised of a majority of independent directors.

5 Investors Betting Big on Motorsport Games (MSGM) Stock

MIAMI, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 183,020 shares of the Company's Class A common stock at a purchase price of $21.40 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about February 3, 2023, subject to the satisfaction of customary closing conditions.

Motorsport Games Announces $3.9 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Shares of Motorsport Games Inc. MSGM, +713.69% rocketed for a second-straight day on Wednesday, a day after the Florida-based racing game developer and esports ecosystem company said it regained full compliance with Nasdaq listing requirements. The stock shot up 203.6% in premarket trading Wednesday, to make it the biggest gainer trading on major U.S. exchanges, and to put it on track to open at the highest price seen during regular-session hours since December 2021.

Motorsport Games stock rockets again, heads for 25-fold gain in 2 days after regaining Nasdaq listing requirements

Shares of Motorsport Games Inc. MSGM blasted 662.7% higher toward a 10-month high on heavy volume in afternoon trading, after the Florida-based racing game developer and esports ecosystem provider said it regained full compliance with Nasdaq listing requirement. Trading volume rocketed to 45.6 million shares, compared with the full-day average over the past 30 days of about 152,600 shares.

Motorsports Games stock rockets more 600% on massive volume after satisfying Nasdaq listing requirements, again

Motorsport Games (NASDAQ: MSGM ) stock is rocketing higher on Tuesday after announcing a debt-for-equity exchange agreement with Motorsport Network. Motorsport Network, the majority shareholder of Motorsport Games, has agreed to a $1 million debt repayment.

News for MotorSport Games Stock (MSGM)