Motorsport Games(MSGM)

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Motorsport Games(MSGM) - 2022 Q1 - Earnings Call Transcript
2022-05-17 02:30
Financial Data and Key Metrics Changes - Q1 2022 revenues were $3.3 million, a 34% increase from $2.5 million in Q1 2021, driven by additional gaming sales and esports revenue [17] - Q1 2022 net loss was $16 million, compared to a net loss of $14.1 million in Q1 2021, primarily due to a decrease in general and administrative expenses offset by write-downs for goodwill and intangible assets [17] - Adjusted EBITDA loss for Q1 2022 was $5.6 million, an increase from a loss of $2.8 million in Q1 2021, attributed to a reduction in EBITDA and add-backs related to the IPO [18] Business Line Data and Key Metrics Changes - rFactor 2 contributed 16% of total Q1 2022 revenue, with esports revenue accounting for 11% of total revenues, primarily from the 24-hour Le Mans event [17] - The company is focusing on diversifying revenue streams, which is beginning to show in financial performance [17] Market Data and Key Metrics Changes - The company reported approximately $9 million in available cash on hand, reflecting ongoing liquidity concerns [12][14] - The company is exploring various funding options to resolve liquidity issues, including raising debt or equity [14] Company Strategy and Development Direction - The company is committed to improving the quality of its games and experiences, with a focus on long-term licenses and partnerships with NASCAR, INDYCAR, BTCC, and Le Mans [8][9] - A new NASCAR title is expected to be released in mid-2023, with plans to align future releases closer to the actual racing season [22] - The company is also planning to introduce a brand new NASCAR title for the Nintendo Switch platform in fall 2022 [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that gaming could be a preferred entertainment option during economic downturns, potentially benefiting the business [30] - The company is actively hiring to expand development resources and improve game quality, despite ongoing geopolitical challenges [27] Other Important Information - The company is currently debt-free and is exploring options to ensure sufficient capital for product development [14] - The company is focusing on its core console products while planning to allocate more resources to mobile game production in the future [11] Q&A Session Summary Question: When can we expect the release of NASCAR 2023? - The company is targeting a mid-2023 release for the NASCAR 2023 title, aiming to align releases with the actual race season [22] Question: Can you elaborate on liquidity options and expense reduction? - The company is considering raising debt or equity and may slow the expansion of development resources, which could delay future title releases [24] Question: Are you adding personnel or shifting resources? - The company is expanding its internal resources and hiring more talent across all departments, with no material interruptions in development operations in Russia [27] Question: What is the expected burn rate going forward? - The burn rate has been consistent, and the company aims to maintain or reduce it as they move forward [29] Question: How might an economic downturn affect the gaming industry? - Management believes that during economic downturns, people may turn to gaming as an affordable entertainment option, which could be beneficial for the business [30]
Motorsport Games(MSGM) - 2022 Q1 - Quarterly Report
2022-05-16 20:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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 | 86-1791 ...
Motorsport Games(MSGM) - 2021 Q4 - Earnings Call Presentation
2022-04-01 06:14
motorsport GAMES C"(0) ML Q4 2021 Results March 30, 2022 MHEAT 2 In ESAce BP WHEATS IGNITION LE MANS y 8 2) N Company Highlights 3 西 At the center of large, fast-growing motorsport, gaming and esports categories 万 Strategic, long-term partnerships with iconic racing brands 西 Leveraging exclusive partnerships for multiple products and revenue streams 万 Pole position in virtual racing esports Integrating acquired technologies and processes into our scalable internal development platform Q4 2021 Highlights 4 | ...
Motorsport Games(MSGM) - 2021 Q4 - Earnings Call Transcript
2022-03-30 23:50
Motorsport Games Inc. (NASDAQ:MSGM) Q4 2021 Earnings Conference Call March 30, 2022 5:00 PM ET Company Participants Dmitry Kozko ??? Executive Chairman and Chief Executive Officer Jon New ??? Chief Financial Officer Ashley DeSimone ??? Integrated Corporate Relations Conference Call Participants Mike Hickey ??? The Benchmark Company Michael Graham ??? Canaccord Genuity Inc. Michael Kupinski ??? Noble Financial Capital Markets Franco Granda ??? D.A. Davidson Operator Greetings. And welcome to Motorsport Games ...
Motorsport Games(MSGM) - 2021 Q4 - Annual Report
2022-03-30 20:11
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K Motorsport Games Inc. (Exact Name of Registrant as Specified in Its Charter) | Delaware | 86-1791356 | | --- | --- ...
Motorsport Games(MSGM) - 2021 Q3 - Earnings Call Presentation
2021-11-07 09:41
motorsport GAMES Click to add CPOW V Q3 2021 Results November 4, 2021 ITHEAT 2 tt 82 62 Pice BP IIIHEATS IGNITION LE MANS LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. ("Motorsport Games," "us," "our," "we" or the "Company"). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the "SEC"), including our Quarterly Report on Form 10-Qfor the quarter ended September 30, 2021. Cautionary Note Regardi ...
Motorsport Games(MSGM) - 2021 Q3 - Earnings Call Transcript
2021-11-05 00:48
Motorsport Games Inc. (NASDAQ:MSGM) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Ashley DeSimone - Integrated Corporate Relations Dmitry Kozko - Executive Chairman and CEO Stephen Hood - President Jon New - CFO Conference Call Participants Michael Graham - Canaccord Franco Granda - D.A. Davidson Mike Hickey - Benchmark Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are desi ...
Motorsport Games(MSGM) - 2021 Q3 - Quarterly Report
2021-11-04 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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 86-1791 ...
Motorsport Games(MSGM) - 2021 Q2 - Earnings Call Presentation
2021-08-16 20:47
motorsport GAMES Click to add COL ML Q2 2021 Results August 11, 2021 HARD. EDITION // / HEAT 4 II ESPec [ WHEATS IGNITION LE MANS LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. ("Motorsport Games," "us," "our," "we" or the "Company"). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the "SEC"), including our Quarterly Report on Form 10-Qfor the quarter ended June 30, 2021. Cautionary Note Rega ...
Motorsport Games(MSGM) - 2021 Q2 - Earnings Call Transcript
2021-08-12 02:35
Motorsport Games Inc. (NASDAQ:MSGM) Q2 2021 Earnings Conference Call August 11, 2021 5:00 PM ET Company Participants Ashley DeSimone - Integrated Corporate Relations Dmitry Kozko - Executive Chairman and Chief Executive Officer Stephen Hood - President Jon New - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Mike Hickey - Benchmark Franco Granda - D.A. Davidson Michael Kupinski - Noble Capital Markets Operator Thank you for standing by and welcome to the Motorsport Games Inc ...