{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039744","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.725141+00:00","generated_at":"2026-06-08T17:01:38.763496+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Motorsport Games Q3 net loss $3.5M; cash burn warning, NASCAR license sale","bullets":["Net loss $3.5M ($1.28/share) vs $8.5M prior year; revenue $1.7M up 38.5% YoY.","Adjusted EBITDA loss $2.4M improved from $6.5M loss YoY on cost cuts.","Cash $1.2M at Sep 30; increased to $3.2M after Oct 31 from NASCAR license sale.","Company says insufficient cash for next year; exploring equity/debt, asset sales, restructuring.","Le Mans Ultimate set for Feb 20, 2024; sold NASCAR license, closed Australian studio, suspended INDYCAR game."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039744","json":"https://secwatch.observer/filing/0001493152-23-039744.json","markdown":"https://secwatch.observer/filing/0001493152-23-039744.md","text":"https://secwatch.observer/filing/0001493152-23-039744.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039744/0001493152-23-039744-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039744/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T17:01:38.763496+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":"ff250b74cb666b91fc1721771677f628904137fe","claim":"Motorsport Games Inc. reported its third fiscal quarter ended September 30, 2023 results: revenue $ 1,693,871, net income $ (3,534,132 ), EPS $(1.28) per share.","evidence_excerpt":"by $4.6 million, driven in part by actions taken by the Company as part of its previously announced 2022 Restructuring Program. In addition, revenue for 2023 was $1.7 million compared to $1.2 million for 2022, a $0.5 million, or 38.5%, improvement that positively impacted net loss. The increase in revenue was primarily driven by the release of the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315223039744/0001493152-23-039744-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its third fiscal quarter ended September 30, 2023"},{"label":"Revenue","value":"$ 1,693,871"},{"label":"Net income","value":"$ (3,534,132 )"},{"label":"EPS","value":"$(1.28) per share"},{"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"}