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.

MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a debt-for-equity exchange agreement (the “Agreement”) with its majority stockholder, Motorsport Network, LLC (“Motorsport Network”), to repay $1,000,000 in 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 Announces Debt-for-Equity Exchange with Motorsport Network

MIAMI, Jan. 30, 2023 (GLOBE NEWSWIRE) -- Adam Breeden, the pioneer of competitive socialising in the UK and entrepreneurial force behind some of the sector's most successful concepts, has officially opened his most ambitious and exciting project. F1® Arcade, the world's first official premium F1 experiential venue, opened on December 12, 2022 in London at One New Change, St Pauls.

Motorsport Games rFactor 2 is Part of The Secret Sauce Behind F1® Arcade Racing Experience

*Finale of this year's Le Mans Virtual Series to be broadcast January 14 and 15, 2023

24 Hours of Le Mans Virtual to be Broadcast Digitally Around the World

*F1, F2 and F3 champions lead star-studded entry list *More nations than ever represented in Le Mans Virtual Series flagship event *Best of the best sim racers race on entry list for 24-hour glory

24 Hours of Le Mans Virtual Continues to Attract Champions From Around the World for Final Round of 2022-23 Season

MIAMI, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today announced that the Company has entered into a purchase agreement (the “Agreement”) with an investor for up to $2 million, which amount may increase at the Company's option to $10 million.

Motorsport Games Enters into Equity Purchase Agreement

MIAMI, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “Company”) , a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, announced today that it has received notice from the Nasdaq Stock Market LLC (Nasdaq) on November 28, 2022 informing Motorsport Games Inc. that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the "Rule") for continued listing on The Nasdaq Capital Market.

Motorsport Games Regains Compliance With Nasdaq Minimum Bid Price Requirement

*Final round before 24 Hours of Le Mans Virtual *Final round before 24 Hours of Le Mans Virtual

Stars ready to respect the Sebring bumps

Motorsport Games Inc. (NASDAQ:MSGM ) Q3 2022 Results Conference Call November 18, 2022 5:00 PM ET Company Participants Ken Godskind - Director, Operations Dmitry Kozko - Executive Chairman, CEO and Interim CFO Conference Call Participants Jason Tilchen - Canaccord Michael Kupinski - Noble Capital Markets Mike Hickey - Benchmark Operator Greetings, and welcome to Motorsport Games Inc. Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Motorsport Games Inc. (MSGM) Q3 2022 Earnings Call Transcript

MIAMI, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 (“Q3 2022”). The Company has also posted to the Company's investor relations website a Q3 2022 Quarter End Review video and a Q3 2022 earnings slide deck, which highlight certain key milestones that occurred in the period, as well as an updated Investor Presentation.

Motorsport Games Reports Third Quarter 2022 Financial Results

MIAMI, Nov. 15, 2022 (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 will report financial results for the third quarter ended September 30, 2022 on Friday, November 18, 2022, 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 Third Quarter 2022 Financial Results

Motorsport Games (NASDAQ: MSGM ) stock is rising on Thursday following an update on its latest earnings report and a reverse stock split. Let's get the reverse stock split out of the way first.

What Is Going on With Motorsport Games (MSGM) Stock Today?

MIAMI, Nov. 10, 2022 (GLOBE NEWSWIRE) -- As previously announced, Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) confirmed today that the 1-for-10 reverse stock split of the Company's Class A and Class B common stock became effective as of 12:01 a.m. EST on November 10, 2022 (the “Effective Time”).

Motorsport Games Announces Completion of Previously Announced 1-for-10 Reverse Stock Split

MIAMI, Nov. 09, 2022 (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, today announced that it is postponing its earnings release and conference call for the third quarter ended September 30, 2022, previously scheduled for November 10, 2022. The Company will issue a press release announcing the new date and time for the postponed earnings call.

Motorsport Games Postpones Third Quarter 2022 Earnings Release and Conference Call

Update brings new cars and tracks to the platform, marking first time circuits have been laser-scanned into a commercial sim racing product Update brings new cars and tracks to the platform, marking first time circuits have been laser-scanned into a commercial sim racing product

Motorsport Games Announces Content Update For rFactor 2

Entry List for Round 3 Revealed, along with how to watch all of the action

Stars Come Out for the 6 Hours of Spa Round of the Le Mans Virtual Series by Motorsport Games

MIAMI, Oct. 27, 2022 (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 will report financial results for the third quarter ended September 30, 2022 on Thursday, November 10, 2022, 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 Third Quarter 2022 Financial Results

MIAMI, Oct. 05, 2022 (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, announces today the entry list for the second round of the 2022-23 Le Mans Virtual Series, 4 Hours of Monza. The list is available ( HERE ). The high level of both real life and sim drivers due to compete in the upcoming Monza event is a great indication that another closely contested race is likely from start to finish.

Motorsport Games Announces Le Mans Virtual Series Ready for a Competitive 4 Hours of Monza

The contemporary artist and leading motorsports video game publisher collaborate with Live Fast Motorsports for upcoming NASCAR Cup Series and charity events The contemporary artist and leading motorsports video game publisher collaborate with Live Fast Motorsports for upcoming NASCAR Cup Series and charity events

Motorsport Games and Frankie Zombie Announce Partnership to Expand Audience Offerings With Upcoming Artistic and Philanthropic Activations

* Return of familiar and knowledgeable ‘faces' of the races

Where To Watch the Le Mans Virtual Series by Motorsport Games First Round Action

Conference attendees can try to get the fastest lap over the event's three days to win signed gear from driver Romain Grosjean Conference attendees can try to get the fastest lap over the event's three days to win signed gear from driver Romain Grosjean

Motorsport Games to Attend SALT New York 2022 Conference, Hold rFactor 2 Hot Lap Competition for Guests

MIAMI, Sept. 09, 2022 (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, today announced that its Chief Executive Officer, Dmitry Kozko, will present at the H.C. Wainwright 24th Annual Global Investment Conference at 11:30 a.m. ET on September 14, 2022.

Motorsport Games to Participate in the H.C. Wainwright 24th Annual Global Investment Conference

2022 Restructuring Program designed to improve Profitability and Cash Flow – Expected to generate approximately $4 million in Annualized Cost Reductions  by the end of 2023

Motorsport Games Announces Transformative 2022 Restructuring Program, Financing Commitment and Plans for Reverse Stock Split

Roster includes some of the most elite esports and motorsport teams Roster includes some of the most elite esports and motorsport teams

2022-23 Le Mans Virtual Series and Motorsport Games Reveal This Season's Bumper Entry List

Motorsport Games Inc. (NASDAQ:MSGM ) Q2 2022 Earnings Conference Call August 10, 2022 5:00 PM ET Company Participants Ken Godskind - Director of Operations Dmitry Kozko - Executive Chairman and CEO Jonathan New - 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 Incorporated Second Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, today's conference is being recorded.

Motorsport Games Inc. (MSGM) CEO Dmitry Kozko on Q2 2022 Results - Earnings Call Transcript

MIAMI, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its second quarter ended June 30, 2022 (“Q2 2022”). The Company has also posted to the Company's investor relations website a Q2 2022 Quarter End Review video and a Q2 2022 earnings slide deck, which highlight certain key milestones that occurred in the period, as well as an updated Investor Presentation.

News for MotorSport Games Stock (MSGM)