{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012363","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.381961+00:00","generated_at":"2026-06-04T04:50:05.165421+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 reports Q4 net income on NASCAR license gain but warns cash insufficient for 2024","bullets":["Q4 2023 revenue $1.7M, down 53.7% YoY; net income $2.7M vs loss $4.8M due to $3.0M gain on NASCAR license sale.","Full-year revenue $6.9M (-33.1% YoY); net loss $14.3M improved from $36.8M loss in 2022.","Cash $1.7M at Dec 31, 2023; $1.3M at Mar 29, 2024; company states insufficient for 2024 operations, exploring funding.","Le Mans Ultimate early access launched Feb 2024 with positive reception and initial sales above internal forecasts.","Adjusted EBITDA loss for full year $8.9M vs $21.2M prior year; restructuring savings of $6.7M achieved."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012363","json":"https://secwatch.observer/filing/0001493152-24-012363.json","markdown":"https://secwatch.observer/filing/0001493152-24-012363.md","text":"https://secwatch.observer/filing/0001493152-24-012363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/0001493152-24-012363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:50:05.165421+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":"2ddeca7d21207cd19389bd3987e5d6128aa230e4","claim":"Motorsport Games Inc. reported fourth quarter of 2023 results: revenue $1.7 million, net income $2.7 million, or $1.35 per share, EPS $1.35 per share.","evidence_excerpt":"Revenue for the fourth quarter of 2023 was $1.7 million compared to $3.8 million for the same period in the prior year, a reduction of $2.1 million, or 53.7%.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/0001493152-24-012363-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of 2023"},{"label":"Revenue","value":"$1.7 million"},{"label":"Net income","value":"$2.7 million, or $1.35 per share"},{"label":"EPS","value":"$1.35 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b0b28bb09fb8d3ac6f66133bc815538ae03777e8","claim":"Motorsport Games Inc. reported fiscal year ended December 31, 2023 results: revenue $6.9 million, net income $14.3 million, or $5.06 per share, EPS $5.06 per share.","evidence_excerpt":"- Stock-based compensation 81,242 (105,792 ) Adjusted EBITDA $ 482,875 $ (3,180,057 ) Financial Results for the Year Ended December 31, 2023 Revenue for the full year 2023 was $6.9 million compared to $10.3 million for the prior year period, a reduction of $3.4 million, or 33.1%. Gaming segment revenues were $6.6 million for the full year 2023, compared to $9.1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/0001493152-24-012363-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$6.9 million"},{"label":"Net income","value":"$14.3 million, or $5.06 per share"},{"label":"EPS","value":"$5.06 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"}