Financial Snapshot

Revenue
$8.352M
TTM
Gross Margin
62.33%
TTM
Net Earnings
$962.4K
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
52.72%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$3.029M
Q2 2024
Cash
Q2 2024
P/E
4.641
Sep 18, 2024 EST
Free Cash Flow
-$6.182M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $6.910M $10.32M $15.08M $19.05M $11.85M $14.76M
YoY Change -33.08% -31.51% -20.86% 60.76% -19.72%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $6.910M $10.32M $15.08M $19.05M $11.85M $14.76M
Cost Of Revenue $3.621M $4.960M $7.529M $6.596M $4.889M $5.310M
Gross Profit $3.289M $5.364M $7.546M $12.45M $6.960M $9.450M
Gross Profit Margin 47.6% 51.96% 50.06% 65.35% 58.73% 64.02%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $11.06M $19.94M $31.85M $7.738M $6.377M $6.290M
YoY Change -44.53% -37.41% 311.67% 21.33% 1.39%
% of Gross Profit 336.19% 371.66% 422.11% 62.15% 91.63% 66.56%
Research & Development $7.237M $10.42M $9.622M $4.649M $4.784M $3.900M
YoY Change -30.53% 8.27% 106.95% -2.82% 22.67%
% of Gross Profit 220.03% 194.2% 127.5% 37.34% 68.74% 41.27%
Depreciation & Amortization $2.115M $2.063M $1.785M $720.0K $860.0K $460.0K
YoY Change 2.56% 15.54% 147.93% -16.28% 86.96%
% of Gross Profit 64.32% 38.45% 23.65% 5.78% 12.36% 4.87%
Operating Expenses $18.69M $40.39M $41.76M $12.39M $11.16M $10.48M
YoY Change -53.72% -3.27% 237.1% 10.98% 6.5%
Operating Profit -$15.40M -$35.03M -$34.21M $63.07K -$4.201M -$1.030M
YoY Change -56.02% 2.39% -54341.47% -101.5% 307.9%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$773.0K $1.148M $504.2K $717.5K -$30.00K
YoY Change -167.32% 127.75% -29.73%
% of Operating Profit 1137.64%
Other Income/Expense, Net $5.859M -$665.8K -$44.77K $110.0K -$10.00K $30.00K
YoY Change -979.92% 1387.26% -140.7% -1200.0% -133.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$14.32M -$36.84M -$33.70M -$680.0K -$5.760M -$1.150M
YoY Change -61.12% 9.3% 4856.58% -88.19% 400.87%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$13.05M -$35.99M -$33.16M -$1.760M -$3.560M -$2.020M
YoY Change -63.74% 8.53% 1784.2% -50.56% 76.24%
Net Earnings / Revenue -188.88% -348.59% -219.97% -9.24% -30.04% -13.69%
Basic Earnings Per Share $5.06 -$30.73 -$29.15
Diluted Earnings Per Share -$5.06 -$30.73 -$1.779M -$107.6K -$217.7K -$123.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $1.675M $979.3K $17.82M $3.990M $1.960M $3.410M
YoY Change 71.06% -94.5% 346.61% 103.57% -42.52%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $1.107M $1.048M $1.175M $510.0K $80.00K $80.00K
YoY Change 5.58% -10.8% 130.46% 537.5% 0.0%
Inventory
Prepaid Expenses
Receivables $735.8K $1.809M $5.490M $5.980M $5.090M $5.200M
Other Receivables $0.00 $206.5K $137.6K $0.00 $0.00 $0.00
Total Short-Term Assets $3.518M $4.043M $24.62M $10.47M $7.130M $8.700M
YoY Change -13.0% -83.58% 135.18% 46.84% -18.05%
Property, Plant & Equipment $445.0K $1.494M $727.1K $160.0K $130.0K $70.00K
YoY Change -70.22% 105.51% 354.43% 23.08% 85.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $1.050M $60.00K $50.00K
YoY Change -100.0% 1650.0% 20.0%
Total Long-Term Assets $6.241M $14.85M $26.08M $6.920M $5.650M $6.970M
YoY Change -57.99% -43.04% 276.88% 22.48% -18.94%
Total Assets $9.759M $18.90M $50.70M $17.39M $12.78M $15.67M
YoY Change
Accounts Payable $813.7K $2.372M $1.785M $710.0K $270.0K $830.0K
YoY Change -65.7% 32.92% 151.36% 162.96% -67.47%
Accrued Expenses $1.620M $3.485M $3.524M $3.120M $850.0K $990.0K
YoY Change -53.5% -1.11% 12.96% 267.06% -14.14%
Deferred Revenue
YoY Change
Short-Term Debt $77.72K $4.589M $119.0K $10.85M $8.050M $4.480M
YoY Change -98.31% 3755.83% -98.9% 34.78% 79.69%
Long-Term Debt Due $153.0K $380.5K $0.00
YoY Change -59.79%
Total Short-Term Liabilities $7.592M $13.32M $8.598M $14.91M $9.170M $6.300M
YoY Change -43.01% 54.93% -42.33% 62.6% 45.56%
Long-Term Debt $45.66K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $31.10K $3.673M $4.123M $860.0K
YoY Change -99.15% -10.92% 379.41%
Total Long-Term Liabilities $76.76K $3.673M $4.123M $860.0K $0.00 $0.00
YoY Change -97.91% -10.92% 379.41%
Total Liabilities $6.716M $17.36M $13.98M $18.42M $15.84M $15.17M
YoY Change -61.33% 24.17% -24.08% 16.29% 4.42%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 2.577M shares 1.171M shares
Diluted Shares Outstanding 2.577M shares 1.171M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $4.4661 Million

About Motorsport Games Inc

Motorsport Games, Inc. engages in the business of developing and publishing racing games. The company is headquartered in Miami, Florida and currently employs 46 full-time employees. The company went IPO on 2021-01-13. The firm is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world. The company develops and publishes multi-platform racing video games, including for game consoles, personal computers (PCs), and mobile platforms through various retail and digital channels, including full-game and downloadable content. The company operates through two segments: Gaming segment and Esports segment. The Gaming segment is engaged in the development and publishing of interactive racing video games, entertainment content and services. The Esports segment includes organization and facilitation of esports tournaments, competitions, and events for its licensed racing games as well as on behalf of third-party video game racing series and other video game publishers. The firm also owns the rFactor 2 and KartKraft simulation platforms.

Industry: Services-Prepackaged Software Peers: PLAYSTUDIOS Inc Activision Blizzard, Inc. SPYR Inc Skillz Inc Golden Matrix Group Inc Tapinator, Inc.