---
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"
generated_at: "2026-05-24T10:39:49.064947+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-011031
- JSON: https://secwatch.observer/filing/0001493152-25-011031.json
- Plain text: https://secwatch.observer/filing/0001493152-25-011031.txt

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