Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q4 2021 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, Mar 30, 2022
Slide 1: Q4 2021 Results
motorsportgames Q4 2021 Results March 30, 2022 1
Slide 2: Header
Header 2
Slide 3: Company Highlights
Company Highlights At the center of large, fast-growing motorsport, gaming and esports categories Strategic, long-term partnerships with iconic racing brands Leveraging exclusive partnerships for multiple products and revenue streams Pole position in virtual racing esports Integrating acquired techn
Slide 4: Q4 2021 Highlights
Q4 2021 Highlights Financial Highlights Revenue Adjusted EBITDA EPS • Q4 Revenues of $8.2M $8.2M $2.9M ($5.4M) ($2.4M) ($0.60) N/A • Net loss was $7.0M • ) • Adjusted EBITDA loss was $5.4M Q4'21 Q4'20 Q4'21 Q4'20 Q4'21 Q4'20 Key Highlights • Released NASCAR 21: Ignition on PC and Consoles on October
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives • Released NASCAR 21: Ignition for PC and Consoles on Oct 28, 2021 Games • Released NASCAR HEAT Ultimate Edition+ on Nintendo Switch on Nov 19, 2021 • Delivered 2021/22 Le Mans Virtual Series followed by an estimated 81 million fans Esports & • Signed multi-year
Slide 6: Q4 2021 and Subsequent Business Highlights
Q4 2021 and Subsequent Business Highlights INDYCAR 2022 Esports Pro-Challenge. The challenge took place on February 9, 2022, and featured current NTT INDYCAR SERIES drivers, including reigning champion Alex Palou, 4-time Indianapolis 500 champion Helio Castroneves and 2-time series champion Josef Ne
Slide 7: Q4 2021 Results
Q4 2021 Results MOTORSPORT GAMES INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS Revenues Cost of revenues Gross profit Operating expenses: Sales and marketing Development General and administrative Intangible assets impairment Depreciation and amortization Total operating expenses (Loss
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 8
Slide 9: Liquidity
Liquidity • As of 12/31/21, the Company had $17.8 million in available cash on hand and no long-term debt. • The Company currently has approximately $12 million of available cash on hand. • While the Company’s 2021 Form 10-K indicates a doubt about the Company’s ability to continue as a going concer
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio 10
Slide 11: 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 12: Legal Disclosures
LEGAL DISCLOSURES Non-GAAP Financial Measures Adjusted EBITDA (the “Non-GAAP Measure”) is not a financial measure defined by U.S. generally accepted accounting principles (“U.S. GAAP”). See the reconciliations of the Non-GAAP Measure to its most directly comparable U.S. GAAP measure in the Reconcili