secwatch.observer — SEC 8-K summary
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Issuer:     Motorsport Games Inc. (MSGM)
CIK:        0001821175
Form:       8-K
Filed at:   2025-03-20T23:59:59+00:00
Accession:  0001493152-25-011031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821175/000149315225011031/0001493152-25-011031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821175/000149315225011031/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-011031

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