---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-008879"
form_type: "8-K"
ticker: "MSGM"
cik: "0001821175"
company_name: "Motorsport Games Inc."
filed_at: "2023-03-24T23:59:59+00:00"
generated_at: "2026-06-17T17:02:10.852001+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games reports 2022 revenue down 31.5%; warns cash insufficient to fund 2023 ops

## Summary
- Revenue for FY2022 $10.3M, down 31.5% YoY; Q4 revenue $3.8M, down 54% YoY.
- Net loss FY2022 $36.8M ($30.73/share) vs $33.7M in 2021; Adj EBITDA loss $21.2M vs $17.4M.
- Cash and equivalents $6.5M as of March 22, 2023; company says insufficient to fund 2023 operations.
- Esports segment revenue up 46.1% YoY to $1.2M; restructuring savings target $4M annualized by end 2023.

## SEC filing metadata
- accession: 0001493152-23-008879
- form_type: 8-K
- ticker: MSGM
- cik: 0001821175
- company_name: Motorsport Games Inc.
- filed_at: 2023-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1821175/000149315223008879/0001493152-23-008879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315223008879/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-008879
- JSON: https://secwatch.observer/filing/0001493152-23-008879.json
- Plain text: https://secwatch.observer/filing/0001493152-23-008879.txt

## Key facts
- Earnings Releases
  Motorsport Games Inc. reported the twelve months ended December 31, 2022 results: revenue $10.3 million, net income $36.8 million, EPS $30.73 per share.
  - Period: the twelve months ended December 31, 2022
  - Revenue: $10.3 million
  - Net income: $36.8 million
  - EPS: $30.73 per share
  - Result: reported results
  source text: Revenue for the full year 2022 was $10.3 million compared to $15.1 million for the same period in the prior year, a reduction of $4.8 million, or 31.5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223008879/0001493152-23-008879-index.htm
- Earnings Releases
  Motorsport Games Inc. reported the three months ended December 31, 2022 results: revenue $3.8 million, net income $4.8 million, EPS $4.17 per share.
  - Period: the three months ended December 31, 2022
  - Revenue: $3.8 million
  - Net income: $4.8 million
  - EPS: $4.17 per share
  - Result: reported results
  source text: Revenue for the fourth quarter of 2022 was $3.8 million compared to $8.2 million for the same period in the prior year, a reduction of $4.4 million, or 54%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223008879/0001493152-23-008879-index.htm

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