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Motorsport Games Regains Compliance With NASDAQ Listing Rules
GlobeNewswire News Room· 2024-06-05 20:01
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. "We are pleased to have regained compliance with NASDAQ continuing listing requirements," said Stephen Hood, CEO of Motorsport Games Inc. "This milestone reflects our dedication to maintaining strong corporate governance and financial integrity. We are excited about th ...
Motorsport Games(MSGM) - 2024 Q1 - Earnings Call Transcript
2024-05-10 20:49
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. I would now ...
Motorsport Games(MSGM) - 2024 Q1 - Earnings Call Presentation
2024-05-10 11:06
motorsport GAMES 1 May 7, 2024 Q1 2024 Highlights • Q1 2024 Revenues of $3.0 million • Q1 2024 Adjusted EBITDA loss was $0.4 million* Key Highlights and Subsequent Business Update • Net loss decreased to $1.7 million in Q1 2024 compared to a net loss of $5.3 million in Q1 2023, an improvement of 68.0%. • Executed BTCC Settlement Agreement and entered into new BTCC License Agreement. 2 MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [1] Includes related part ...
Motorsport Games(MSGM) - 2024 Q1 - Quarterly Report
2024-05-07 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) | Delaware | 86-1791356 | | --- | --- | | State or Other Jurisdiction of | I.R.S. Employer | | Incorporation or Organization | Identification No. | | 5972 NE 4th Avenue | | | Miami, FL | 33137 | | Address of Principal Executive Offices | Zip Code | Registrant's Telephone Number, Including Area Code: (305) 507-8799 Not Applicable ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...
Motorsport Games(MSGM) - 2024 Q1 - Quarterly Results
2024-05-07 20:10
Exhibit 99.1 Motorsport Games Reports First Quarter 2024 Financial Results "The first quarter of 2024 marked a significant milestone in the company's rejuvenation with the release of the first game developed solely by Studio 397, Le Mans Ultimate, to recognizably positive reviews," commented Stephen Hood, President and Chief Executive Officer of Motorsport Games. "Thanks to the hard work of our talented development team, marketing staff and our partners at the Automobile Club de l'Ouest, we believe Le Mans ...
Motorsport Games Announces Sale of Traxion
Newsfilter· 2024-05-01 12:30
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 compone ...
Motorsport Games(MSGM) - 2023 Q4 - Earnings Call Transcript
2024-04-01 23:07
Motorsport Games Inc. (NASDAQ:MSGM) Q4 2023 Results Conference Call April 1, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - IR Stephen Hood - Chief Executive Officer Stanley Beckley - Interim Chief Financial Officer Conference Call Participants Jason Tilchen - Canaccord Genuity Michael Kupinski - Noble Capital Markets Operator Thank you for standing by, and welcome to the Motorsport Games Inc.’s Fourth Quarter and Full Year 2023 Earnings Call. At this time, all lines in a listen-only mode. [Oper ...
Motorsport Games(MSGM) - 2023 Q4 - Annual Results
2024-04-01 20:10
Exhibit 99.1 Motorsport Games Reports Fourth Quarter & Full Year 2023 Financial Results MIAMI, Florida – April 1, 2024 — 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. Financia ...
Motorsport Games(MSGM) - 2023 Q4 - Annual Report
2024-04-01 17:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number: 001-39868 Motorsport Games Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-1791356 | ...
Motorsport Games(MSGM) - 2023 Q3 - Earnings Call Presentation
2023-11-11 11:32
motorsport 1 Q3 2023 Results Company Highlights A Working with our exclusive partners to generate new revenue streams 7 Q3 2023 Highlights | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-----------------|----------------------|---------|----------|------------------| | Financial Highlights | | 2.0 - | | | | | Q3 2023 Revenues of $1.7M | in Millions ($) | (2.0) (4.0) | | | | | Q3 2023 Net loss was $3.5M | | (6.0) (8.0) (10.0) | | | | | Q3 2023 Adju ...