Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q1 2024 Earnings Presentation
7 slides from Motorsport Games's earnings presentation, May 7, 2024
Slide 1: Q1 2024 Results
Q1 2024 Results motorsportgames May 7, 2024 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ Q1 2024 Form 10-Q, filed with the SEC and Q1 2024 earnings release for more complete information on the Company’s results of oper
Slide 2: Q1 2024 Highlights
Q1 2024 Highlights Financial Highlights • Q1 2024 Revenues of $3.0 million • Q1 2024 Net loss was $1.7 million • Q1 2024 Adjusted EBITDA loss was $0.4 million* • Q1 2024 EPS was a loss of $0.60 vs. a loss of $2.33 for Q1 2023 Key Highlights and Subsequent Business Update • Launched Le Mans Ultimate
Slide 3: Q1 2024 Results: Condensed Consolidated Statements of Operations
Q1 2024 Results CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. (UNAUDITED) ‘Three Months Ended March 31, 2024 2023 Revenues 3,029,036 1,729,355 Cost ofrevermes 666,627 1,248,736 Gross profit 2,362,409 480,619 Sales and marketing [1] 250,386 618,410 Development [2] 1,063,357 2,397,134 General and a
Slide 4: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 4
Slide 5: Liquidity
Liquidity • As of March 31, 2024, the Company had approximately $1.3 million of available cash on hand. • The Company’s Form 10-Q for the three months ended March 31, 2024, discloses that there is substantial doubt about the Company’s ability to continue as a going concern. Based on the available ca
Slide 6: Legal Disclosures
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 Annu
Slide 7: Legal Disclosures
LEGAL DISCLOSURES FORWARD-LOOKING STATEMENTS (CONT): Examples of such risks and uncertainties include, but are not limited to: (i) difficulties, delays or less than expected results in achieving the Company’s growth plans, objectives and expectations, such as due to decreased sales of the Company’s