---
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"
generated_at: "2026-06-21T16:02:19.713088+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games Q3 net loss $8.5M; warns cash insufficient for remainder of 2022

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032916
- JSON: https://secwatch.observer/filing/0001493152-22-032916.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032916.txt

## Key facts
- Earnings Releases
  Motorsport Games Inc. reported its third quarter ended September 30, 2022 results: revenue $1.2 million, net income $8.5 million.
  - Period: its third quarter ended September 30, 2022
  - Revenue: $1.2 million
  - Net income: $8.5 million
  - Result: reported results
  source text: Revenues for Q3 2022 were $1.2 million, as compared to $2.1 million for Q3 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/0001493152-22-032916-index.htm
- Earnings Releases
  Motorsport Games Inc. reported the nine months ended September 30, 2022 results: revenue $6.6 million, net income $32 million.
  - Period: the nine months ended September 30, 2022
  - Revenue: $6.6 million
  - Net income: $32 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315222032916/0001493152-22-032916-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.