Motorsport Games reports near-breakeven Q3 2024, warns cash insufficient for next year

Motorsport Games Inc.

2024-Q3 EPS reported $0.39 revenue$6,713,635

Net income attributable to Motorsport Games of $0.01M vs net loss of $3.6M in Q3 2023.
Revenue of $1.8M, up 6.4% YoY; gross margin improved to 60.2% from 50.9%.
Adjusted EBITDA turned positive at $0.1M, compared to a loss of $2.5M a year ago.
Cash and equivalents $0.8M at Sep 30, falling to $0.5M by Oct 31, 2024.
Company states it lacks sufficient cash to fund operations for next year and is pursuing funding or strategic alternatives.

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