Technology - Electronic Gaming & Multimedia - NASDAQ - US
$ 1.11
-9.76 %
$ 4.31 M
Market Cap
1.28
P/E
Motorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers video games for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. It also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. The company sells its video game products through various retail and digital channels. Motorsport Games Inc. was founded in 2018 and is headquartered in Miami, Florida. Motorsport Games Inc.[ Read More ]
The intrinsic value of one MSGM stock under the base case scenario is HIDDEN Compared to the current market price of 1.11 USD, Motorsport Games Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MSGM
FINANCIALS
6.91 M
REVENUE
-19.4 M
OPERATING INCOME
-13.1 M
NET INCOME
-12.9 M
OPERATING CASH FLOW
4.21 M
INVESTING CASH FLOW
9.94 M
FINANCING CASH FLOW
1.8 M
REVENUE
-1.93 M
OPERATING INCOME
-910 K
NET INCOME
672 K
OPERATING CASH FLOW
0
INVESTING CASH FLOW
884 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Motorsport Games Inc.
| Current Assets | 3.52 M |
| Cash & Short-Term Investments | 1.68 M |
| Receivables | 736 K |
| Other Current Assets | 1.11 M |
| Non-Current Assets | 6.24 M |
| Long-Term Investments | 0 |
| PP&E | 445 K |
| Other Non-Current Assets | 5.8 M |
| Current Liabilities | 7.59 M |
| Accounts Payable | 814 K |
| Short-Term Debt | 153 K |
| Other Current Liabilities | 6.63 M |
| Non-Current Liabilities | 76.8 K |
| Long-Term Debt | 45.7 K |
| Other Non-Current Liabilities | 31.1 K |
EFFICIENCY
Earnings Waterfall
Motorsport Games Inc.
| Revenue | 6.91 M |
| Cost Of Revenue | 3.62 M |
| Gross Profit | 3.29 M |
| Operating Expenses | 22.7 M |
| Operating Income | -19.4 M |
| Other Expenses | -6.36 M |
| Net Income | -13.1 M |
RATIOS
47.60%
GROSS MARGIN
-280.90%
OPERATING MARGIN
-188.88%
NET MARGIN
-428.87%
ROE
-133.74%
ROA
-637.79%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Motorsport Games Inc.
| Net Income | -13.1 M |
| Depreciation & Amortization | 2.12 M |
| Capital Expenditures | -789 K |
| Stock-Based Compensation | 957 K |
| Change in Working Capital | -2.81 M |
| Others | -2.88 M |
| Free Cash Flow | -13.7 M |
Wall Street Analysts Price Targets
Motorsport Games Inc.
MSGM has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Motorsport Games Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 year ago
Feb 01, 2023
|
Bought 2.95 M USD
|
ZOI MIKE
10 percent owner |
+ 441402
|
6.68 USD |
|
1 year ago
Jan 30, 2023
|
Bought 1 M USD
|
ZOI MIKE
Director |
+ 338983
|
2.95 USD |
7. News
Motorsport Games Inc. (MSGM) Q3 2024 Earnings Call Transcript
Motorsport Games Inc. (NASDAQ:MSGM ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Motorsport Games Inc. Third Quarter 2024 Earnings Call. [Operator Instructions].
seekingalpha.com
- 2 days ago
Motorsport Games Reports Third Quarter 2024 Financial Results
MIAMI, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its third quarter ended September 30, 2024. The Company has also posted the third quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website.
globenewswire.com
- 2 days ago
Motorsport Games to Report Third Quarter 2024 Financial Results
MIAMI, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the third quarter of 2024 on Thursday, November 14, 2024 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m.
globenewswire.com
- 5 days ago
Motorsport Games Considering Strategic Alternatives
MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) is announcing that the Board of Directors has authorized management to consider strategic alternatives to maximize shareholder value, including a potential sale or merger of the Company. Management is also seeking funding that would allow it to deliver on viable opportunities including bringing Le Mans Ultimate to Sony PlayStation and Microsoft Xbox gaming consoles. Le Mans Ultimate is the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans and was released on PC platforms in early access in February 2024.
globenewswire.com
- 1 month ago
Le Mans Ultimate Releases Innovative Co-op Game Mode, Save & Load System and 2024 Pack 2 DLC
MIAMI, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) has released the September Update for “Le Mans Ultimate”, the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of iconic new content for fans of sportscar and sim racing.
globenewswire.com
- 1 month ago
Top 3 Tech And Telecom Stocks You'll Regret Missing This Quarter
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
benzinga.com
- 2 months ago
Motorsport Games Inc. (MSGM) Q2 2024 Earnings Call Transcript
Motorsport Games Inc. (NASDAQ:MSGM ) Q2 2024 Earnings Conference Call August 9, 2024 5:00 PM ET Company Participants Ben Rossiter-Turner - Investor Relations Stephen Hood - Chief Executive Officer Stanley Beckley - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Motorsport Games Inc. Second Quarter 2024 Earnings Call. At this time, all lines are in listen-only mode.
seekingalpha.com
- 3 months ago
Motorsport Games Reports Second Quarter 2024 Financial Results
MIAMI, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its second quarter ended June 30, 2024. The Company has also posted the second quarter 2024 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company's investor relations website.
globenewswire.com
- 3 months ago
Motorsport Games Announces $1 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”), today announced that it has entered into definitive agreements for the sale and issuance of 460,830 shares of Class A common stock (or pre-funded warrants in lieu thereof) of the Company at an offering price of $2.17 per share (or per pre-funded warrant in lieu thereof), in a registered direct offering priced at-the-market under the Nasdaq rules. In a concurrent private placement, Motorsport Games will issue unregistered Series A warrants to purchase up to 460,830 shares of Class A common stock and unregistered Series B warrants to purchase up to 460,830 shares of Class A common stock, each will be exercisable on the effective date of stockholder approval of the issuance of the shares upon exercise of the unregistered common warrants (the “Stockholder Approval”), at an exercise price of $2.17 per share. The Series A warrants will expire five and one-half years following the Stockholder Approval and the Series B will expire 18 months following the Stockholder Approval. The closing of the offering is expected to occur on or about July 29, 2024, subject to the satisfaction of customary closing conditions.
globenewswire.com
- 3 months ago
Le Mans Ultimate releases first DLC including Imola Circuit, Lamborghini SC63 and Peugeot 9X8 2024
MIAMI, July 23, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM)(“Motorsport Games” or the “Company”), a racing game developer and publisher, is today releasing the first Downloadable Content (DLC) Pack for ‘Le Mans Ultimate', the official game of the FIA World Endurance Championship and 24 Hours of Le Mans. Available from today, this release marks the first outing of new additions to the 2024 grid, and adds to a growing roster of race tracks.
globenewswire.com
- 3 months ago
Le Mans Ultimate June Update Lands Alongside BMW M Hybrid LMDh and Art Car Livery
MIAMI, June 10, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) is today releasing a major update to Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans. This June update introduces significant new features and new content to enhance the player experience.
globenewswire.com
- 5 months ago
Motorsport Games Regains Compliance With NASDAQ Listing Rules
MIAMI, June 05, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), the racing game developer and publisher, is pleased to announce that it has regained compliance with the continued listing requirements of the NASDAQ Stock Market.
globenewswire.com
- 5 months ago
8. Profile Summary
Motorsport Games Inc. MSGM
COUNTRY
US
INDUSTRY
Electronic Gaming & Multimedia
MARKET CAP
$ 4.31 M
Dividend Yield
0.00%
Description
Motorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers video games for game consoles, personal computer, and mobile platforms through various retail and digital channels, including full-game and downloadable content. It also organizes and facilitates esports tournaments, competitions, and events for its licensed racing games, as well as on behalf of third-party racing game developers and publishers. The company sells its video game products through various retail and digital channels. Motorsport Games Inc. was founded in 2018 and is headquartered in Miami, Florida. Motorsport Games Inc. operates as a subsidiary of Motorsport Network LLC.
Contact
5972 NE 4th Avenue, Miami, FL, 33137
https://motorsportgames.com
IPO Date
Jan. 13, 2021
Employees
50
Officers
Mr. Stanley Beckley
Chief Financial Officer
Mr. Stephen Hood
Chief Executive Officer & President