Motorsport Games Q1 net income $1.0M; revenue down 42%; adjusted EBITDA positive

Motorsport Games Inc.

2025-Q1 EPS reported $0.33 revenue$1,758,453

Net income of $1.0M ($0.33/share) vs net loss of $1.7M ($0.61 loss) in Q1 2024.
Revenue decreased 42% to $1.8M from $3.0M; gross margin slipped to 73.5% from 78.0%.
Adjusted EBITDA improved to $0.6M from a loss of $1.0M in prior-year quarter.
Closed $2.5M private placement (led by Pimax) in April; cash rose to $3.1M as of April 30.
Liquidity still tight; Company exploring asset sales or licensing to fund operations.

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