Motorsport Games Inc (MSGM) Q3 2024 Earnings Call Highlights: Revenue Growth and Strategic ... [Yahoo! Finance]
Motorsport Games Inc. - Class A (MSGM)
Company Research
Source: Yahoo! Finance
Motorsport Games Inc ( NASDAQ:MSGM ) reported a 6.4% increase in revenues for the third quarter of 2024, primarily driven by higher digital game sales from the release of Le Mans Ultimate. The company achieved a significant reduction in net loss, improving by $2.9 million compared to the same period in the prior year. Adjusted EBITDA improved to $0.1 million for the third quarter of 2024, compared to an adjusted EBITDA loss of $2.5 million in the prior year. The company successfully reduced its average monthly cash burn from operations by $1.0 million compared to the previous year. Motorsport Games Inc ( NASDAQ:MSGM ) launched innovative features such as a co-op mode and a save-and-load feature in Le Mans Ultimate, enhancing player experience and engagement. Despite improvements, Motorsport Games Inc ( NASDAQ:MSGM ) still reported a net loss of $0.6 million for the third quarter of 2024. The company's cash and cash equivalents decreased to $0.5 million as of October 31, 2
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MSGM
News
- Motorsport Games Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Motorsport Games to Report Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Motorsport Games to Report Third Quarter 2024 Financial ResultsGlobeNewswire
- Motorsport Games Considering Strategic AlternativesGlobeNewswire
- Le Mans Ultimate Releases Innovative Co-op Game Mode, Save & Load System and 2024 Pack 2 DLC [Yahoo! Finance]Yahoo! Finance
MSGM
Sec Filings
- 11/14/24 - Form 10-Q
- 11/14/24 - Form 8-K
- 10/25/24 - Form 8-K
- MSGM's page on the SEC website