Motorsport Games expects Q2 net income of $1.6M-$1.8M vs prior year loss of $8.2M

Motorsport Games Inc.

2024-Q2 EPS reported $0.40 revenue$4,910,689

Anticipated net income of $1.6M-$1.8M for Q2 2024 vs net loss of $8.2M in Q2 2023.
Net loss from operations expected between $1.2M and $1.4M, improved from $8.6M loss year-over-year.
Revenue for first half 2024 estimated at $4.7M-$4.9M, up from $3.5M in prior-year period.
Results include a $2.5M gain from INDYCAR settlement, $0.6M from BTCC settlement, and $0.25M from asset sale to Traxion.GG.
Preliminary, unaudited results subject to completion of financial closing procedures.

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