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Motorsport Games (MSGM)
NASDAQ:MSGM
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.6Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -15.57%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant achievements, such as the success of Le Mans Ultimate, the launch of a profitable subscription service, and positive legal and financial settlements. However, these are tempered by financial challenges, including a large net loss and concerns over cash position and future funding. Despite these challenges, the company shows strong potential for growth and recovery.Company Guidance
During the Motorsport Games Inc.'s fourth quarter and full year 2024 earnings call, key metrics highlighted included revenues for the quarter at $2.0 million, a 13% increase from the previous year, primarily driven by digital game sales of Le Mans Ultimate. Despite the revenue increase, the company reported a net loss of $2.9 million for the quarter, compared to a net income of $2.7 million in the prior year, largely due to a $2.2 million increase in other expenses. The full year 2024 revenues reached $8.7 million, up by $1.8 million, attributed to the sales of Le Mans Ultimate. The adjusted EBITDA loss was $2.5 million for the fourth quarter and $3.9 million for the full year, reflecting improvements from previous years. The company reported a net cash used in operations of $2.8 million for the year, with an average monthly net cash burn of $0.2 million, indicating a reduction from the previous year's $1.1 million. Cash and cash equivalents stood at $1.2 million as of February 28, 2025, with the company actively exploring funding options to address future cash shortfalls.Le Mans Ultimate Success
Le Mans Ultimate showed strong potential with positive reception from consumers and industry influences. A significant update in December sparked a surge in player numbers to levels not seen since the initial launch. The game is being compared favorably to industry giants and has captivated a rapidly growing audience.
Launch of Subscription Service
The new subscription service launched in December via racecontrol.gg generated over $120,000 in gross revenues within the first 21 days and is close to 6,000 active subscribers, showing strong early adoption.
Revenue Increase
Revenues for the fourth quarter were $2.0 million, a 13% increase compared to the same period in the prior year, primarily driven by higher digital game sales from the release of Le Mans Ultimate.
Settlement with Luminis
A settlement with Luminis improved the financial position by $180,000, clearing remaining barriers to full ownership of Studio 397 and their original technology contribution to Le Mans Ultimate.
Positive Legal Ruling
A positive ruling was received in the Innovate Corporation litigation, securing a summary judgment in Motorsport Games' favor on all counts, potentially alleviating some legal fee liabilities.
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MSGM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MSGM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $1.22 | $1.21 | -0.82% |
| Nov 14, 2024 | $1.23 | $1.11 | -9.76% |
| Aug 09, 2024 | $1.80 | $1.62 | -10.00% |
| May 07, 2024 | $3.01 | $3.30 | +9.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Motorsport Games (MSGM) report earnings?
Motorsport Games (MSGM) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Motorsport Games (MSGM) earnings time?
Motorsport Games (MSGM) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSGM EPS forecast?
Currently, no data Available
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