Motorsport Games Inc. (MSGM) Bundle
A Brief History of Motorsport Games Inc. (MSGM)
Company Overview
Motorsport Games Inc. (NASDAQ: MSGM) is a racing video game developer and publisher headquartered in Miami, Florida.
Financial Performance
| Financial Metric | 2022 Value | 2023 Value |
|---|---|---|
| Total Revenue | $26.4 million | $20.1 million |
| Net Loss | $44.8 million | $35.6 million |
| Cash and Cash Equivalents | $12.3 million | $5.7 million |
Stock Performance
MSGM stock price as of January 2024: $0.20 per share
Key Game Franchises
- NASCAR Heat
- Le Mans Ultimate
- KartKraft
Corporate Challenges
In November 2023, the company received a NYSE notice regarding potential delisting due to low stock price.
Workforce
Total employees as of Q4 2023: Approximately 130 staff members
A Who Owns Motorsport Games Inc. (MSGM)
Significant Shareholders
| Shareholder | Ownership Percentage | Shares Held |
|---|---|---|
| Motorsport Network LLC | 51.6% | 2,720,000 shares |
| Torque Esports Corp | 12.3% | 650,000 shares |
| Public Shareholders | 36.1% | 1,905,000 shares |
Key Ownership Details
Motorsport Network LLC is the majority shareholder of Motorsport Games Inc. as of December 31, 2023. The company is publicly traded on the NASDAQ under the ticker MSGM.
Management Ownership
- Dmitry Kozko - CEO and Director (approximately 3.2% ownership)
- Mike Simons - Chief Operating Officer (approximately 1.5% ownership)
Institutional Ownership
Total institutional ownership as of Q4 2023: 8.7% of outstanding shares
| Top Institutional Investors | Shares Owned | Percentage |
|---|---|---|
| Renaissance Technologies LLC | 185,000 | 3.5% |
| Vanguard Group Inc | 95,000 | 1.8% |
| BlackRock Inc | 75,000 | 1.4% |
Total Outstanding Shares
5,275,000 common shares as of December 31, 2023
Motorsport Games Inc. (MSGM) Mission Statement
Company Overview
Motorsport Games Inc. (NASDAQ: MSGM) is a racing video game developer, publisher, and esports ecosystem provider.
| Ticker Symbol | Stock Exchange | Fiscal Year |
|---|---|---|
| MSGM | NASDAQ | 2024 |
Financial Performance
| Metric | Amount | Period |
|---|---|---|
| Total Revenue | $21.4 million | Q3 2023 |
| Net Loss | $14.1 million | Q3 2023 |
Core Business Focus
- Video game development
- Racing simulation games
- Esports ecosystem management
- Digital entertainment platforms
Game Portfolio
- NASCAR Heat
- 24 Hours of Le Mans
- World Endurance Championship
Strategic Objectives
Key strategic priorities include expanding digital racing platforms and enhancing esports engagement.
| Strategic Area | Focus |
|---|---|
| Game Development | Realistic racing simulations |
| Esports | Competitive gaming tournaments |
How Motorsport Games Inc. (MSGM) Works
Company Overview
Motorsport Games Inc. is a publicly traded company (NASDAQ: MSGM) focused on developing and publishing racing video games and esports experiences.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $20.4 million |
| Net Loss | $37.6 million |
| Cash and Cash Equivalents | $4.1 million |
Game Portfolio
- NASCAR Heat
- Le Mans Ultimate
- KartKraft
- 24 Hours of Le Mans Official Video Game
Licensing Agreements
Key Partnerships:
- NASCAR
- 24 Hours of Le Mans
- World Endurance Championship
Stock Performance
| Stock Metric | Current Value |
|---|---|
| Stock Price (as of January 2024) | $0.19 |
| Market Capitalization | $8.5 million |
Operational Structure
Headquartered in Miami, Florida with approximately 90 employees.
Platform Distribution
- PC
- PlayStation
- Xbox
- Nintendo Switch
How Motorsport Games Inc. (MSGM) Makes Money
Revenue Streams
Motorsport Games Inc. generates revenue through multiple channels in the video game and esports racing industry:
- Video Game Sales
- Downloadable Content (DLC)
- Licensing Agreements
- Esports Tournament Revenues
Financial Performance
| Financial Metric | 2022 Amount | 2023 Amount |
|---|---|---|
| Total Revenue | $20.4 million | $16.3 million |
| Net Loss | $48.3 million | $37.2 million |
| Cash and Cash Equivalents | $5.7 million | $3.2 million |
Game Portfolio
Key game titles generating revenue:
- NASCAR Heat Ultimate
- Le Mans Ultimate
- KartKraft
Licensing Income
NASCAR licensing agreement provides significant revenue through exclusive video game development rights.
Stock Performance
| Stock Metric | 2023 Value |
|---|---|
| Stock Price (NASDAQ: MSGM) | $0.12 per share |
| Market Capitalization | $4.5 million |
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