Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 7.42M | 8.69M | 6.91M | 10.32M | 15.08M | 19.05M |
Gross Profit | 4.39M | 5.46M | 3.29M | 5.36M | 7.55M | 12.45M |
EBITDA | 1.23M | -337.88K | -11.43M | -33.20M | -31.42M | 757.82K |
Net Income | -427.21K | -2.75M | -13.05M | -47.42M | -34.99M | -2.51M |
Balance Sheet | ||||||
Total Assets | 6.06M | 6.27M | 9.76M | 18.90M | 50.70M | 17.39M |
Cash, Cash Equivalents and Short-Term Investments | 1.05M | 859.27K | 1.68M | 979.31K | 17.82M | 3.99M |
Total Debt | 41.08K | 47.41K | 198.67K | 997.83K | 119.02K | 10.85M |
Total Liabilities | 4.65M | 5.04M | 7.67M | 16.99M | 12.72M | 15.77M |
Stockholders Equity | 648.44K | 496.26K | 3.04M | 1.53M | 36.72M | -1.03M |
Cash Flow | ||||||
Free Cash Flow | -1.71M | -2.86M | -13.71M | -19.81M | -21.92M | 3.82M |
Operating Cash Flow | -1.69M | -2.84M | -12.92M | -19.52M | -20.94M | 4.05M |
Investing Cash Flow | 1.18M | 1.18M | 4.21M | -292.45K | -14.61M | -480.96K |
Financing Cash Flow | 734.05K | 834.05K | 9.94M | 1.71M | 49.26M | -1.54M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
61 Neutral | $41.22B | -1.26 | -14.49% | 3.95% | 2.29% | -73.14% | |
55 Neutral | $16.64M | 523.64 | -31.58% | ― | -9.65% | ― | |
54 Neutral | $12.28M | ― | -98.74% | ― | 0.31% | 27.47% | |
51 Neutral | $4.00M | ― | -1222.32% | ― | -43.42% | 81.31% | |
30 Underperform | $2.44M | ― | -425.84% | ― | ― | ― | |
$4.36M | ― | ― | ― | ― | |||
31 Underperform | $50.06M | ― | -157.27% | ― | ― | ― |
Motorsport Games Inc. is involved in a legal settlement with Wesco Insurance Company regarding a coverage dispute related to a previous complaint filed by former minority stockholders of 704Games. The settlement, effective June 2, 2025, requires Wesco to pay $800,000 to Driven Lifestyle, the company’s majority shareholder, and dismiss the coverage action with prejudice, resolving the insurance coverage issues.
The most recent analyst rating on (MSGM) stock is a Hold with a $5.00 price target. To see the full list of analyst forecasts on Motorsport Games stock, see the MSGM Stock Forecast page.
On May 9, 2025, Motorsport Games Inc. reported its financial results for the first quarter of 2025, ending March 31. The company achieved a net income of $1.0 million, a significant improvement from a net loss of $1.7 million in the same period the previous year. This positive shift is attributed to increased revenue from the Le Mans Ultimate game and a $2.5 million private placement led by Pimax. Despite a decrease in revenue and gross profit compared to the previous year, the company is optimistic about future growth opportunities, particularly with planned updates for its Le Mans Ultimate game.
On April 10, 2025, Motorsport Games appointed Guoquan (Paul) Huang to its board of directors as a Class II director, following the completion of a Private Placement and a background check. Mr. Huang, an esteemed academic with expertise in robotics and AI, brings significant experience in nonlinear estimation and spatial computing, which could enhance the company’s technological capabilities and strategic direction.
Motorsport Games Inc. announced on April 17, 2025, that it has regained compliance with Nasdaq’s stockholders’ equity requirement, following a previous notice of non-compliance in November 2024. This achievement, coupled with a strategic investment from Pimax, is seen as a validation of the company’s progress and positions it to enhance shareholder value through recent product developments and cost-control measures.
On April 11, 2025, Motorsport Games Inc. entered into a securities purchase agreement with several investors, resulting in a private placement of securities for gross proceeds of approximately $2.5 million. This move is expected to aid the company in meeting Nasdaq’s listing requirements, as it had previously received a deficiency letter for not complying with the minimum stockholders’ equity requirement. The company plans to use the net proceeds for working capital and strategic initiatives, while also appointing a new director, Guoquan (Paul) Huang, as part of the agreement.