{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-018092","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.382938+00:00","generated_at":"2026-06-02T19:47:00.347572+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Motorsport Games Q1 revenue $3.0M, net loss narrows to $1.7M; warns cash insufficient for next 12 months","bullets":["Revenue of $3.0M (up 75.2% YoY); gross margin 78.0% vs 27.8% in prior year.","Net loss of $1.7M ($0.60 per share) vs $5.3M ($2.33) in Q1 2023; adjusted EBITDA loss $0.4M.","Launched 'Le Mans Ultimate' Early Access selling ~79,000 units in Q1; BTCC settlement reached.","Cash of $1.3M as of April 30; company says insufficient to fund operations over next year.","Exploring additional funding, asset sales, and cost reductions; no assurances of success."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-018092","json":"https://secwatch.observer/filing/0001493152-24-018092.json","markdown":"https://secwatch.observer/filing/0001493152-24-018092.md","text":"https://secwatch.observer/filing/0001493152-24-018092.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224018092/0001493152-24-018092-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224018092/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T19:47:00.347572+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":"29e4c45f0226b6f75f14f716231224e76c56b841","claim":"Motorsport Games Inc. reported first quarter ended March 31, 2024 results: revenue $3.0 million, net income $1.7 million, EPS $0.60 per share.","evidence_excerpt":"● Launched Le Mans Ultimate in Early Access on PC to recognizably positive user ratings on Steam with approximately 79,000 units sold in Q1 2024. ● Revenue increased to $3.0 million in Q1 2024, up by $1.3 million compared to Q1 2023, with a gross profit margin of 78.0% compared to 27.8% in the prior year period. ● Net loss decreased to $1.7 million in Q1","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821175/000149315224018092/0001493152-24-018092-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$3.0 million"},{"label":"Net income","value":"$1.7 million"},{"label":"EPS","value":"$0.60 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"}