Motorsport Games Inc. (NASDAQ: MSGM) has released a press release detailing business updates and preliminary unaudited financial information for the year ended December 31, 2024. The company anticipates reporting revenues ranging from $1.8 million to $2.1 million for the fourth quarter of 2024, and from $8.5 million to $8.8 million for the full year.
The company also expects total operating expenses for the fourth quarter to range between $2.0 million to $2.4 million, and from $11.1 million to $11.5 million for the year ended December 31, 2024. Additionally, Motorsport Games foresees a net loss ranging from $2.5 million to $2.9 million for the fourth quarter of 2024, and from $2.6 million to $3.0 million for the full year 2024.
CEO of Motorsport Games, Stephen Hood, expressed enthusiasm about the company’s momentum, particularly fueled by the positive reception of Le Mans Ultimate. The company’s strategic focus on enhancing gaming experiences while optimizing operational costs is evident in these results.
In terms of financial disclosures, the preliminary unaudited financial information remains subject to adjustments as the company finalizes its year-end financial close processes. The company expects to report its full fourth quarter and fiscal year 2024 financial results in the near future.
Motorsport Games, a developer, publisher, and esports ecosystem provider, aims to offer an authentic racing experience to fans and gamers. The company is known for developing gaming titles like rFactor 2 and KartKraft and holds licenses for prestigious motorsport events like the 24 Hours of Le Mans and the FIA World Endurance Championship.
Investors and interested parties are advised to stay updated with Motorsport Games’ financial information through official channels, including the company’s investor relations website and SEC filings. The company also maintains active communication through social media platforms such as Twitter, Instagram, Facebook, and LinkedIn.
As the company continues to explore opportunities for growth and strategic partnerships, it remains committed to delivering value to its shareholders while focusing on innovation in the racing game market.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Motorsport Games’s 8K filing here.
Motorsport Games Company Profile
Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.
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