Motorsport Games Q4 rev $2M (+13% YoY); FY net loss improves to $3.0M; going concern warning

Motorsport Games Inc.

Revenue Q4 2024 $2.0M (+13% YoY); FY 2024 rev $8.7M (+25.7% YoY) driven by Le Mans Ultimate sales.
Net loss FY 2024 $3.0M ($0.94/sh) vs $14.3M ($5.56/sh) loss in FY 2023; improvement of $11.3M.
Adjusted EBITDA loss FY 2024 $3.9M vs $9.3M loss in FY 2023; Q4 2024 adj EBITDA loss $2.5M vs +$0.4M in Q4 2023.
Cash $0.9M at Dec 31, 2024; avg monthly cash burn ~$0.2M; company says insufficient cash for next year and needs additional funding.
Le Mans Ultimate reached 100,000 net unit sales in Q4; new subscription service launched Dec 2024.

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