Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q2 2023 Earnings Presentation
10 slides from Motorsport Games's earnings presentation, Aug 21, 2023
Slide 1: Q2 2023 Results
Q2 2023 Results motorsportgames August 21, 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 Q2 2023 earnings release for more complete information on the Com
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 Leveraging exclusive partnerships for multiple products and revenue streams Pole position in virtual racing esports Integrating acquired techn
Slide 3: Q2 2023 Highlights
Q2 2023 Highlights 4.0 Financial Highlights 2.0 - in Millions ($) (2.0) • Q2 2023 Revenues of $1.7M (4.0) (6.0) • Q2 2023 Net loss was $8.2M (8.0) (10.0) • Q2 2023 Adjusted EBITDA loss was $2.7M* REVENUE NET LOSS Adjusted EBITDA* Q2 2023 1.7 (8.2) (2.7) • Q2 2023 EPS was a loss of $3.02 vs. loss of
Slide 4: Executing Against Our Key Initiatives
Executing Against Our Key Initiatives • Announced “Le Mans Ultimate” game expected to release in December 2023, which was designed using Games Studio 397’s renowned technology • Released the official Formula E Gen3 car into rFactor 2 • Released the ”Next Gen Car Update” DLC for NASCAR Heat 5 Esports
Slide 5: Q2 2023 Results
Q2 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 6: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 8
Slide 7: Liquidity
Liquidity • As of June 30, 2023 and July 31, 2023, the Company had approximately $2.0 million and $1.4 million, respectively, of available cash on hand. • The Company’s Form 10-Q for the quarter ended June 30, 2023 discloses there is substantial doubt about the Company’s ability to continue as a goi
Slide 8: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio 10
Slide 9: 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 10: 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