{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-032916","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.344123+00:00","generated_at":"2026-06-21T16:02:19.713088+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Motorsport Games Q3 net loss $8.5M; warns cash insufficient for remainder of 2022","bullets":["Revenue $1.2M, down 43% YoY from $2.1M; net loss $8.5M vs $6.7M loss a year ago.","Adjusted EBITDA loss $6.5M, up from $5.5M loss in Q3 2021.","Cash and equivalents only $1.8M as of Oct 31, 2022; company needs additional funding to continue operations.","Completed 1-for-10 reverse stock split on Nov 10 to regain NASDAQ compliance; restructuring targets $4M annual savings by end 2023.","Nine-month net loss $32M includes $9.4M goodwill and intangible asset impairment."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-032916","json":"https://secwatch.observer/filing/0001493152-22-032916.json","markdown":"https://secwatch.observer/filing/0001493152-22-032916.md","text":"https://secwatch.observer/filing/0001493152-22-032916.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/0001493152-22-032916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T16:02:19.713088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"124d27333ed0037809ef3d1003471b01eaa604e7","claim":"Motorsport Games Inc. reported its third quarter ended September 30, 2022 results: revenue $1.2 million, net income $8.5 million.","evidence_excerpt":"Revenues for Q3 2022 were $1.2 million, as compared to $2.1 million for Q3 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/0001493152-22-032916-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its third quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.2 million"},{"label":"Net income","value":"$8.5 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"1ec7cfcd7b52c845e659bff8d9d29ab722485f85","claim":"Motorsport Games Inc. reported the nine months ended September 30, 2022 results: revenue $6.6 million, net income $32 million.","evidence_excerpt":"Revenues were $6.6 million and $6.9 million for the nine months ended September 30, 2022 (“Q3 YTD 2022”) and 2021 (“Q3 YTD 2021”), respectively, a decrease of $0.3 million, or 4%, as compared to the prior period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/0001493152-22-032916-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$6.6 million"},{"label":"Net income","value":"$32 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}