Motorsport Games Files 8-K on Financials and Operations

TL;DR

MSGM files 8-K: Financials & Ops update.

AI Summary

On February 4, 2025, Motorsport Games Inc. filed an 8-K report detailing results of operations, other events, and financial statements. The filing provides updates on the company's financial condition and operational activities.

Why It Matters

This 8-K filing provides crucial updates on Motorsport Games Inc.'s financial health and operational status, which are important for investors to assess the company's performance and future prospects.

Risk Assessment

Risk Level: medium — 8-K filings often contain material information that can significantly impact a company's stock price, requiring careful investor attention.

Key Players & Entities

• Motorsport Games Inc. (company) — Registrant
• February 4, 2025 (date) — Date of earliest event reported
• Miami, FL (location) — Principal executive offices address
• 305-507-8799 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A common stock, $0.0001 par value per share MSGM The Nasdaq
• $1.8 million — cipates reporting revenues ranging from $1.8 million to $2.1 million for the fourth quarter
• $2.1 million — g revenues ranging from $1.8 million to $2.1 million for the fourth quarter of 2024, and fro
• $8.5 million — or the fourth quarter of 2024, and from $8.5 million to $8.8 million for the year ended Dece
• $8.8 million — arter of 2024, and from $8.5 million to $8.8 million for the year ended December 31, 2024. D
• $1.7 million — 2023, the Company reported revenues of $1.7 million and $6.9 million, respectively; Total
• $6.9 m — y reported revenues of $1.7 million and $6.9 million, respectively; Total operating
• $2.0 million — ing expenses are expected to range from $2.0 million to $2.4 million for the fourth quarter
• $2.4 million — expected to range from $2.0 million to $2.4 million for the fourth quarter of 2024, and fro
• $11.1 million — or the fourth quarter of 2024, and from $11.1 million to $11.5 million for the year ended Dec
• $11.5 million — rter of 2024, and from $11.1 million to $11.5 million for the year ended December 31, 2024. D
• $3.8 million — ny reported total operating expenses of $3.8 million and $22.7 million, respectively; and
• $22.7 m — operating expenses of $3.8 million and $22.7 million, respectively; and Net loss ran
• $2.5 million — spectively; and Net loss ranging from $2.5 million to $2.9 million for the fourth quarter
• $2.9 million — Net loss ranging from $2.5 million to $2.9 million for the fourth quarter of 2024, and fro

Filing Documents

• form8-k.htm (8-K) — 50KB
• ex99-1.htm (EX-99.1) — 26KB
• 0001493152-25-004785.txt ( ) — 257KB
• msgm-20250204.xsd (EX-101.SCH) — 3KB
• msgm-20250204_lab.xml (EX-101.LAB) — 33KB
• msgm-20250204_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 4, 2025, Motorsport Games Inc. (the "Company") issued a press release announcing business updates and including certain preliminary unaudited financial information for the year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 2.02 and in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 2.02 and in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

01. Other Events

Item 8.01. Other Events On February 4, 2025, the Company reported the following preliminary unaudited financial information: The Company anticipates reporting revenues ranging from $1.8 million to $2.1 million for the fourth quarter of 2024, and from $8.5 million to $8.8 million for the year ended December 31, 2024. During the fourth quarter and year ended December 31, 2023, the Company reported revenues of $1.7 million and $6.9 million, respectively; Total operating expenses are expected to range from $2.0 million to $2.4 million for the fourth quarter of 2024, and from $11.1 million to $11.5 million for the year ended December 31, 2024. During the fourth quarter and year ended December 31, 2023, the Company reported total operating expenses of $3.8 million and $22.7 million, respectively; and Net loss ranging from $2.5 million to $2.9 million for the fourth quarter of 2024, and from $2.6 million to $3.0 million for the year ended December 31, 2024. During the fourth quarter and year ended December 31, 2023, the Company reported net income of $2.7 million and net loss of $14.3 million, respectively. The Company also reported the following operational information: Reached a milestone of 100,000 net unit sales of Le Mans Ultimate , the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. 2 Forward Looking Statements Any 2024 and full year 2024 revenues constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties inherent in the financial close process in connection with the finalization of the Company's 2024 financial statements, as well as the audit of such financial state

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibit is furnished with this Current Report on Form 8-K: Exhibit Number Description 99.1 Press Release issued by Motorsport Games Inc. dated February 4, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Motorsport Games Inc. Date: February 4, 2025 By: /s/ Stephen Hood Stephen Hood Chief Executive Officer and President 4

View Full Filing

View this 8-K filing on SEC EDGAR