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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Visitors will be able to play BTCC content, with the best ‘Time2Beat' winning signed gear from the BTCC Visitors will be able to play BTCC content, with the best ‘Time2Beat' winning signed gear from the BTCC

Motorsport Games and BTCC Announce “BTCC rFactor 2 Hot Lap Challenge” for Final Four Events of the Season

MIAMI, Aug. 04, 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 management will participate in the Cannacord Genuity 42nd Annual Growth Conference on Thursday, August 11, 2022.

Motorsport Games to Participate in the Cannacord Genuity 42nd Annual Growth Conference

MIAMI, July 28, 2022 (GLOBE NEWSWIRE) -- Motorsport Games, Inc. (NASDAQ: MSGM) (“Motorsport Games”) will report its financial results for the second quarter ended June 30, 2022 on Wednesday, August 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 Second Quarter 2022 Financial Results

The five-round series has a US $250,000 prize fund at stake and more flexible regulations for pro drivers The five-round series has a US $250,000 prize fund at stake and more flexible regulations for pro drivers

Le Mans Virtual Series Returns for More Elite Esports Competition Including Award-Winning 24 Hours of Le Mans Virtual

The development teams will continue refining the user experience while both companies will offer multiple brand activations and gameplay content in the lead-up to full release The development teams will continue refining the user experience while both companies will offer multiple brand activations and gameplay content in the lead-up to full release

Motorsport Games and BTCC Announce Future Promotional Plan to Upcoming Official BTCC Game

MIAMI, May 19, 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 management will participate in the H.C. Wainwright Global Investment Conference on Tuesday, May 24, 2022.

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

Motorsport Games Inc. (NASDAQ:MSGM ) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Jake Pisano - Vice President at ICR Dmitry Kozko - Executive Chairman and CEO Jon New - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Michael Kupinski - Noble Capital Markets Operator Greetings, and welcome to Motorsport Games Incorporated First Quarter 2022 Earnings Call [Operator Instructions]. As a reminder, today's conference is being recorded.

Motorsport Games Inc. (MSGM) CEO Dmitry Kozko on Q1 2022 Results - Earnings Call Transcript

MIAMI, May 16, 2022 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its first quarter ended March 31, 2022 (“Q1 2022”). The Company has also posted to the Company's investor relations website a Q1 2022 Quarter End Review video and a Q1 2022 earnings slide deck, which highlight certain key milestones that occurred in the period, as well as an updated Investor Presentation.

Motorsport Games Reports First Quarter 2022 Financial Results

MIAMI, May 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, will report financial results for the first quarter ended March 31, 2022 on Monday, May 16, 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 First Quarter 2022 Financial Results

Motorsport Games Inc. (MSGM) CEO Dmitry Kozko on Q4 2021 Results - Earnings Call Transcript

MIAMI, March 30, 2022 (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, 2021. The Company has also posted a 2021 Year End Review video and Q4 ‘21 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 & Full Year 2021 Financial Results

Joining as a technical advisor, Grosjean will help iterate rFactor 2 and the company's robust live esports events Joining as a technical advisor, Grosjean will help iterate rFactor 2 and the company's robust live esports events

Motorsport Games Partners with Romain Grosjean to Assist in the Development of rFactor 2 and esports Events

Romain Grosjean, a Formula 1 veteran and current NTT IndyCar Series driver, is giving back to the esports world. He's taking on a role as a technical advisor for Motorsport Games, working to help the firm publish its first NTT IndyCar Series game in 2023.

Motorsport Games Continues Growth As Romain Grosjean Signs On For Technical Advisor Role

MIAMI, March 16, 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 their financial results for the fourth quarter and fiscal year ended December 31, 2021 on Wednesday, March 30, 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 Fourth Quarter & Full Year 2021 Financial Results

MIAMI, Feb. 14, 2022 (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 announced plans for his most ambitious and exciting project yet – an immersive, state of the art F1® racing simulation experience, gamified for a mass audience, in a unique global licence agreement with Formula 1®.

Motorsport Games and Adam Breeden announce global agreement with Formula 1® to create next-level competitive socialising experience, launching in London in 2022

This is the first of four quarterly updates planned for the simulation during the 2022 calendar year This is the first of four quarterly updates planned for the simulation during the 2022 calendar year

Motorsport Games Announces rFactor 2 Content Update and User Interface Refresh

This marks the video game company's first virtual esports event with the NTT INDYCAR SERIES after entering into an exclusive partnership in July, 2021 This marks the video game company's first virtual esports event with the NTT INDYCAR SERIES after entering into an exclusive partnership in July, 2021

Inaugural 2022 INDYCAR-Motorsport Games Pro Challenge Officially Kicks Off

The series concludes its 5-month season with racing legends, millions of fans and hundreds of laps The series concludes its 5-month season with racing legends, millions of fans and hundreds of laps

Motorsport Games' Le Mans Virtual Series followed by more than 81 million fans on live TV, digital streaming and social media throughout the 2021-2022 season

Motorsport Games just signed a multi-year deal to have a technical alliance with Nascar's Live Fast Motorsports. The deal is a sign that the firm, which went public last year, aims to expand its Nascar franchise in 2022 in a unique, efficient way.

Motorsport Games, A Year After Going Public, Aims To Create A Realistic Nascar Experience

Finale of this year's Le Mans Virtual Series to be broadcast January 15 and 16, 2022 Finale of this year's Le Mans Virtual Series to be broadcast January 15 and 16, 2022

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

CEO Dmitry Kozko rang the closing bell on January 12, 2022 CEO Dmitry Kozko rang the closing bell on January 12, 2022

Motorsport Games Celebrates One Year Anniversary of IPO, Rings NASDAQ Closing Bell

MIAMI, Jan. 10, 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 Dmitry Kozko, Chief Executive Officer of Motorsport Games, and Jon New, Chief Financial Officer of Motorsport Games, will present at the 24th Annual Needham Virtual Growth Conference. The presentation will take place on Thursday, January 13, 2022 at 1:15 PM ET.

Motorsport Games to Participate in the 24th Annual Needham Virtual Growth Conference

*Max Verstappen, Alex Palou, Juan Pablo Montoya, Felix Rosenqvist  and Oliver Rowland to star

Champions From Around the World Sign Up to Compete in 24 Hours of Le Mans Virtual by Motorsport Games

MIAMI, Jan. 03, 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 Dmitry Kozko, Chief Executive Officer of Motorsport Games, and Jon New, Chief Financial Officer of Motorsport Games, will participate in a fireside chat hosted by Michael Graham, Senior Managing Director at Canaccord Genuity, at the ICR Virtual Conference 2022. The discussion will take place on Tuesday, January 11, 2022 at 2:30 PM ET.

Motorsport Games to Participate in the ICR Virtual Conference 2022

Drivers will be respecting the bumps at the 500 Miles of Sebring on Saturday at 7:30 am EDT Drivers will be respecting the bumps at the 500 Miles of Sebring on Saturday at 7:30 am EDT

News for MotorSport Games Stock (MSGM)