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Motorsport Games (MSGM)
NASDAQ:MSGM
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -13.68%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a cautiously optimistic outlook with several positive developments in revenue, net loss reduction, and product advancements. However, significant concerns remain regarding liquidity and the necessity for additional funding to sustain operations.Company Guidance
During the Motorsport Games Inc. Third Quarter 2024 Earnings Call, the company provided an update on their financial performance and strategic initiatives. The key metrics reported included a 6.4% increase in revenues to $1.8 million, driven by digital game sales, and a significant reduction in net loss to $0.6 million from $3.5 million in the prior year. Adjusted EBITDA showed an improvement, reporting $0.1 million compared to a loss of $2.5 million in the previous year. The company also highlighted a decrease in operating expenses and an average monthly cash burn of $0.1 million. Despite these improvements, the cash position was $0.5 million as of October 31, 2024, necessitating further funding to sustain operations. Strategic alternatives, such as potential equity or debt financing and asset sales, are being explored to address liquidity challenges.Revenue Increase
Revenues for the third quarter were $1.8 million, up by $0.1 million or 6.4% compared to the same period in the prior year, driven by higher digital game sales from the release of Le Mans Ultimate.
Reduced Net Loss
Net loss for the quarter was $0.6 million compared to a net loss of $3.5 million for the same period in the prior year, an improvement of $2.9 million.
Adjusted EBITDA Improvement
Reported adjusted EBITDA of $0.1 million for the third quarter of 2024 compared to an adjusted EBITDA loss of $2.5 million in the prior year period.
Cost Optimization and Strategic Moves
Successful headcount reductions aimed at reducing cash expenditure and streamlining operations, contributing to a $0.5 million reduction in operating expenses.
Technological and Product Advancements
Introduction of new features in Le Mans Ultimate like the innovative co-op mode and the ability to save and resume races, as well as expansion of RaceControl platform.
Successful Partnership Expansion
Expansion of partnership with Kindred Concepts, with F1 Arcade opening a fourth venue in Washington, D.C., generating additional per-seat license revenue.
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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 |
|---|---|---|---|
| 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% |
| Apr 01, 2024 | $2.20 | $2.09 | -5.00% |
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 Mar 20, 2025, TBA Not Confirmed.
What is Motorsport Games (MSGM) earnings time?
Motorsport Games (MSGM) earnings time is at Mar 20, 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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