Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q2 2024 Earnings Presentation
7 slides from Motorsport Games's earnings presentation, Aug 9, 2024
Slide 1: Q2 2024 Results
Q2 2024 Results motorsportgames August 9, 2024 This presentation provides select highlights about Motorsport Games Inc.'s results of operations. Please see Motorsport Games’ Q2 2024 Form 10-Q, filed with the SEC and Q2 2024 earnings release for more complete information on the Company’s results of o
Slide 2: Q2 2024 Highlights
Q2 2024 Highlights Financial Highlights • Q2 2024 Revenues of $1.9 million • Q2 2024 Net Income was $2.1 million • Q2 2024 Adjusted EBITDA loss of $0.2 million* • Q2 2024 EPS of $0.87 vs. EPS loss of $3.04 for Q2 2023 Key Highlights and Subsequent Business Update • Net income attributable to Motorsp
Slide 3: Q2 2024 Results: Condensed Consolidated Statements of Operations
Q2 2024 Results MOTORSPORT GAMES INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS. (UNAUDITED) Three Months Ended ‘Six Months Ended Sune 30, Sune 30, 2024 2023 2024 2023 Revenues $ 1,881,653 $ 1,739,130 s 4,910,689 $ 3,468,485 Cost of revenues 771,647. 866,167 1,438,274 2,114,90
Slide 4: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 4
Slide 5: Liquidity
Liquidity • As of June 30, 2024, the Company had cash and cash equivalents of $0.5 million, which increased to $1.3 million as of July 31, 2024. The increase in cash and cash equivalents was primarily due to $0.9 million in net proceeds received from a registered direct offering transaction that clo
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, such as due to decreased sales of the Company’s