Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q3 2024 Earnings Presentation
7 slides from Motorsport Games's earnings presentation, Nov 14, 2024
Slide 1: Q3 2024 Results
Q3 2024 Results motorsportgames November 14, 2024 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ Q3 2024 Form 10-Q, filed with the SEC and Q3 2024 earnings release for more complete information on the Company’s results o
Slide 2: Q3 2024 Highlights
Q3 2024 Highlights Financial Highlights • Q3 2024 Revenues of $1.8 million • Q3 2024 Net Loss was $0.6 million • Q3 2024 Adjusted EBITDA of $0.1 million* • Q3 2024 EPS of $0.00 vs. EPS loss of $1.31 for Q3 2023 Key Highlights • Net income attributable to Motorsport Games Inc. of $0.01 million in Q3
Slide 3: Q3 2024 Results
Q3 2024 Results Dl Three Months Ended ‘Nine Months Ended ‘September 30, ‘September 30, 2024 2023 2024 2023 Revenues $ 1,802,946 $ 1,693,871 6,713,635 $ 5,162,356 Cost of revenues 716,723 831,479 2,154,997 2,946,382 Gross profit 1,086,223 962,392 4,558,638 2,215,974 Operating expenses: Sales and mark
Slide 4: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 4
Slide 5: Liquidity
Liquidity • As of September 30, 2024, the Company had cash and cash equivalents of $0.8 million, which decreased to $0.5 million as of October 31, 2024. • The Company’s Form 10-Q for the three months ended September 30, 2024, discloses that there is substantial doubt about the Company’s ability to c
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, including delays in the implementation of a majo