Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q1 2023 Earnings Presentation
12 slides from Motorsport Games's earnings presentation, May 11, 2023
Slide 1: Q1 2023 Results
-—~ motorsport GAMES Q1 2023 Results 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 C
Slide 2: Slide 2
Slide 3: Company Highlights
Company Highlights a ) At the center of large, fast-growing motorsport, gaming and esports categories a ) Strategic, long-term partnerships with iconic racing brands === motorsport 23 Games _. ) Leveraging exclusive partnerships for multiple products and revenue streams a ) Pole position in virtual
Slide 4: Q1 2023 Highlights
Q1 2023 Highlights Financial Highlights + (12023 Revenues of $1.7M + QI 2023 Net loss was $5.3M + (12023 Adjusted EBITDA loss was $4.3M* Key Highlights Revenue SIM $3.3M Q23) M22 NetLoss $5.3M —SI6M M2322 Adjusted EBITDA* ($4.3M) (S5.6M) M23 Qt22 EPS* (82.33) ($12.97) M23 Qi22 + Raised $11.3 million
Slide 5: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives ir loa Games Released quarterly update and DLC for rFactor 2 on February 21, 2023 tim Esports & Delivered the finale of the Le Mans Virtual Series, the 24 hrs of Le Mans Virtual on Jan 14-15, 2023 LE yey) Entertainment The community rFactor 2 GT Challenge return
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 MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended March 31, 2023 2022 Revenues $ 1,729,355 $3,321,789 Cost of revenues 1,248,736 2,013,806 Gross profit 480,619 1,307,983 Operating expenses: Sales and marketing 618,41
Slide 8: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31, 2023 2022 Net Loss $ (6,259,192) — $ (15,967,045) Interest expense, net 199,120 201,596 Depreciation and Amortization 502,357, 577,514 EBITDA $ (4,557,715) $ (15,187,935) Acquisition related expenses 53,750 1,250 Impairment o
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 goi
Slide 10: Leveraging Our IP and Growing Our Portfolio
10 Leveraging Our IP and Growing Our Portfolio WWASCAR FT] IGNITION, fers a === motorsport 230 Games
Slide 11: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. (“Motorsport Games,’ ‘our;” “we” or the “Company"). For additional information regarding the Company, we urg you to read our reports filed with the Securities and Exchange Commission (the “SEC”, including our Annual Repor
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, suchas due toaslower than anticipated economic r