{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-011031","form_type":"8-K","ticker":"MSGM","cik":"0001821175","company_name":"Motorsport Games Inc.","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.073528+00:00","generated_at":"2026-05-24T10:39:49.064947+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Motorsport Games Q4 rev $2M (+13% YoY); FY net loss improves to $3.0M; going concern warning","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-011031","json":"https://secwatch.observer/filing/0001493152-25-011031.json","markdown":"https://secwatch.observer/filing/0001493152-25-011031.md","text":"https://secwatch.observer/filing/0001493152-25-011031.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821175/000149315225011031/0001493152-25-011031-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821175/000149315225011031/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T10:39:49.064947+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}