Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q1 2023 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, Feb 23, 2023
Slide 1: Q1 2023 Results
Q1 2023 Results motorsportgames May 11, 2023 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2022 Form 10-K and Q1 2023 Form 10-Q filed with the SEC and Q1 2023 earnings release for more complete information on the Compan
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: Q1 2023 Highlights
Q1 2023 Highlights Financial Highlights Revenue Net Loss Adjusted EBITDA* EPS** • Q1 2023 Revenues of $1.7M $1.7M $3.3M $5.3M $16M ($4.3M) ($5.6M) ($2.33) ($12.97) • Q1 2023 Net loss was $5.3M • ) • Q1 2023 Adjusted EBITDA loss was $4.3M* Q1'23 Q1'22 Q1'23 Q1'22 Q1'23 Q1'22 Q1'23 Q1'22 Q1 ‘22 Key Hi
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives Games • Released quarterly update and DLC for rFactor 2 on February 21, 2023 Esports & • Delivered the finale of the Le Mans Virtual Series, the 24 hrs of Le Mans Virtual on Jan 14-15, 2023 Entertainment • The community rFactor 2 GT Challenge returned in January
Slide 6: Q1 2023 Highlights
Q1 2023 Highlights rFactor 2 Quarterly Content Update Released: In February 2023, the Company released updates to rFactor 2 that includes an exciting new vehicle – the Honda Civic Type R, the introduction of the superb, laser-scanned version of Long Beach, and a wealth of improvements to enhance the
Slide 7: Q1 2023 Results
Q1 2023 Results 7 NOTE: All share data and share-based calculations set forth in this table have been adjusted to reflect the company’s 1-for-10 reverse stock split completed on November 10, 2022 on a retroactive basis for the periods presented.
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 8
Slide 9: Liquidity
Liquidity • As of March 31, 2023 and April 30, 2023, the Company had approximately $5.8 million and $4.9 million, respectively, of available cash on hand. • The Company’s Form 10-Q for the period ended March 31, 2023 discloses there is substantial doubt about the Company’s ability to continue as a g
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 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 a slower than anticipated economi