---
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"
generated_at: "2026-06-08T17:01:38.763496+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games Q3 net loss $3.5M; cash burn warning, NASCAR license sale

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039744
- JSON: https://secwatch.observer/filing/0001493152-23-039744.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039744.txt

## Key facts
- Earnings Releases
  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.
  - Period: its third fiscal quarter ended September 30, 2023
  - Revenue: $ 1,693,871
  - Net income: $ (3,534,132 )
  - EPS: $(1.28) per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315223039744/0001493152-23-039744-index.htm

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