MSGM
Motorsport Games Inc.2.7900
+0.0800+2.95%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
14.17MP/E (TTM)
6.64Basic EPS (TTM)
0.42Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Motorsport Games posted Q3 revenue of $3.1M, up 71.9% y/y from $1.8M, all from gaming as Le Mans Ultimate DLC gained traction while NASCAR sales ended. Gross margin leaped to 80.7% from 60.2%, operating income flipped to $799K profit from $1.9M loss, and diluted EPS hit $0.14 versus -$0.18 y/y—reconciles to 5.5M weighted shares. Cash swelled to $4.1M with $2.3M YTD operating cash flow; equity raises and settlements like $0.8M Wesco cleared liabilities. Free cash flow not disclosed in the 10-Q. Customer concentration persists.
8-K
Q3 revenue jumps 72%
Motorsport Games posted Q3 2025 revenue of $3.1 million, up 71.9% from $1.8 million in Q3 2024, fueled by Le Mans Ultimate's Version 1.0 launch and ELMS content release on September 23. Net income hit $0.8 million with $0.14 per share, flipping last year's $0.6 million loss; gross margins soared to 80.7%. Cash from operations strengthened. Console port targets late 2026.
8-K
Stockholders reject warrant exercise
Motorsport Games Inc. held a special stockholder meeting on October 24, 2025, where investors overwhelmingly rejected a proposal to approve exercising 949,310 warrants issued in July 2024 for Class A common stock, with 136,285 votes for and 8,498,874 against. The adjournment proposal to allow further solicitation also failed, 145,961 for versus 8,489,078 against. Warrants remain unexercisable under Nasdaq rules. This setback blocks potential equity influx.
8-K
Exec pay rises, equity stalled
Motorsport Games boosted executive pay amid equity constraints, hiking CEO Stephen Hood's base salary to $485,000 and CFO Stanley Beckley's to $300,000 effective September 1, 2025, plus $50,000 and $30,000 catch-up bonuses for 2024. Board retainers rose to $40,000 annually, with committee roles fetching extra cash, yet no stock options issued in 2024-2025 due to unapproved share increases. No equity available. Directors hold claims for deferred awards upon change of control.
8-K
Q2 revenue surges 37.7%
Motorsport Games reported Q2 2025 revenue of $2.6 million, up 37.7% from $1.9 million last year, fueled by strong Le Mans Ultimate performance and a $0.8 million Wesco settlement. Net income hit $4.2 million, with gross margins jumping to 82.4% from 59.0%, while Adjusted EBITDA swung to $3.7 million profit from a $0.5 million loss. Cash from operations turned positive at $0.3 million over six months. Yet liquidity remains tight; more funding looms.
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