---
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"
generated_at: "2026-06-04T04:50:05.165421+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games reports Q4 net income on NASCAR license gain but warns cash insufficient for 2024

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1821175/000149315224012363/0001493152-24-012363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012363
- JSON: https://secwatch.observer/filing/0001493152-24-012363.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012363.txt

## Key facts
- Earnings Releases
  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.
  - Period: fourth quarter of 2023
  - Revenue: $1.7 million
  - Net income: $2.7 million, or $1.35 per share
  - EPS: $1.35 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/0001493152-24-012363-index.htm
- Earnings Releases
  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.
  - Period: fiscal year ended December 31, 2023
  - Revenue: $6.9 million
  - Net income: $14.3 million, or $5.06 per share
  - EPS: $5.06 per share
  - Result: reported results
  source text: - 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224012363/0001493152-24-012363-index.htm

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