Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q3 2023 Earnings Presentation
8 slides from Motorsport Games's earnings presentation, Nov 7, 2023
Slide 1: Q3 2023 Results
Q3 2023 Results motorsportgames November 7, 2023 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ 2022 Form 10-K, Q3 2023 Form 10-Q filed with the SEC and Q3 2023 earnings release for more complete information on the Compa
Slide 2: Company Highlights
Company Highlights At the center of large, fast-growing motorsport, gaming and esports categories Strategic, long-term partnerships with iconic racing brands Working with our exclusive partners to generate new revenue streams Virtual racing esports experts Integrating technologies and processes into
Slide 3: Q3 2023 Highlights
Q3 2023 Highlights 4.0 2.0 Financial Highlights in Millions ($) - (2.0) • Q3 2023 Revenues of $1.7M (4.0) (6.0) • Q3 2023 Net loss was $3.5M (8.0) (10.0) • Q3 2023 Adjusted EBITDA loss was $2.4M* Adjusted REVENUE NET LOSS EBITDA* • Q3 2023 EPS was a loss of $1.28 vs. a loss of $7.29 for Q3 Q3 2023 1
Slide 4: Q3 2023 Results
Q3 2023 Results 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. 4
Slide 5: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 5
Slide 6: Liquidity
Liquidity • As of September 30, 2023 and October 31, 2023, the Company had approximately $1.2 million and $3.2 million, respectively, of available cash on hand. • The Company’s Form 10-Q for the period ended September 30, 2023 discloses there is substantial doubt about the Company’s ability to conti
Slide 7: 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 8: 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