---
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"
generated_at: "2026-06-02T19:47:00.347572+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Motorsport Games Q1 revenue $3.0M, net loss narrows to $1.7M; warns cash insufficient for next 12 months

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018092
- JSON: https://secwatch.observer/filing/0001493152-24-018092.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018092.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $3.0 million
  - Net income: $1.7 million
  - EPS: $0.60 per share
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1821175/000149315224018092/0001493152-24-018092-index.htm

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