Motorsport Games Inc (NAS:MSGM)

Q1 2025 Motorsport Games Inc Earnings Call Transcript

May 9, 2025 / 09:00 PM GMT

Release Date Price: $2.49 (+7.33%)

Transcript 8-K10-Q

Key Points

Positve

Motorsport Games Inc (MSGM) received a $2.5 million investment from virtual reality headset manufacturers Pymax, providing significant financial support.
Net revenues from the Le Mans Ultimate Racing title increased by $0.4 million in Q1 2025 compared to the same period in the prior year.
The company reported an improvement in net income, achieving a net income of $1.0 billion compared to a net loss of $1.7 million in the prior year.
Motorsport Games Inc (MSGM) has improved cash flow from operations, generating an average positive cash flow of approximately $0.1 million per month.
The company is exploring new opportunities, including bringing the Le Mans Ultimate game to PlayStation and Xbox consoles, which could expand its audience.

Negative

Total revenues for Q1 2025 were down by 41.9% compared to the same period in the prior year, primarily due to a decrease in NASCAR-related revenues.
The company is no longer authorized to sell NASCAR-related gaming titles starting in 2025, impacting revenue streams.
Despite improvements, Motorsport Games Inc (MSGM) expects to have a net cash outflow from operations for the foreseeable future as it continues to develop its product portfolio.
The company is exploring additional funding options to address liquidity shortfalls, indicating ongoing financial challenges.
There is a decrease in revenues from the rFactor 2 title by $0.2 million, contributing to the overall revenue decline.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MSGM.OQ - Motorsport Games Inc
Q1 2025 Motorsport Games Inc Earnings Call
May 09, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to Motorsport Games Incorporate's first quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. As a reminder, today's conference is being recorded. I would like to turn the conference over to Ben Rossiter Turner from Motorsport Games. Please go ahead.

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Unidentified_2 [2]
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Thank you and welcome to Motorsport Games, first quarter 2025 earnings conference call and webcast.

On today's call is Motiple Games Chief Executive Officer Stephen Hood and Chief Financial Officer

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