Motorsport Games Inc. Announces Preliminary Financial Results for Q2 2024
Motorsport Games Inc. Announces Preliminary Financial Results for Q2 2024
MIAMI, July 10, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM), a racing game developer and publisher, today disclosed its preliminary financial results on an unaudited basis for the quarter ending June 30, 2024.
2024年7月10日,迈阿密(环球新闻社)——赛车游戏开发商和发行商Motorsport Games Inc.(纳斯达克:MSGM)今天公布了截至2024年6月30日的财务初步未经审计结果。
The company anticipates reporting net income ranging between $1.6 million and $1.8 million for the quarter ending June 30, 2024, compared to a net loss of $8.2 million reported during the same period in the previous year.
该公司预计,截至2024年6月30日(即本季度),净利润将在160万至180万美元之间,相比上年同期的820万美元净亏损。
This expected increase in net income is primarily due to:
这一预期净利润增加主要是由于:
- Recognition of a $2.5 million gain stemming from a Settlement and Licensing Agreement with INDYCAR LLC, executed on May 17, 2024.
- A gain of $0.6 million related to the Settlement Agreement with BARC (TOCA) LIMITED, the exclusive promoter of the British Touring Car Championship, signed on April 12, 2024.
- Recording of a $250,000 gain from the sale on April 26, 2024 to Traxion.GG Limited of non-core assets, generating $200,000 in cash and $50,000 worth of marketing services to be provided by Traxion.GG Limited.
- 2024年5月17日与INDYCAR LLC达成的和解及许可协议所带来的250万美元收益。
- 与英国房车锦标赛的唯一推广商BARC(TOCA)LIMITED于2024年4月12日签署的和解协议所带来的60万美元收益。
- 2024年4月26日向Traxion.GG Limited出售非核心资产所带来的250,000美元收益,其中现金为200,000美元,Traxion.GG Limited提供的营销服务价值为50,000美元。
Net loss from operations for the quarter ending June 30, 2024 are expected to be between $1.2 million and $1.4 million, compared to a net loss from operations of $8.6 million reported during the same period in the prior year. Additionally, Motorsport Games expects to report revenues for the six months ended June 30, 2024 to be between $4.7 million and $4.9 million, an increase from $3.5 million in the comparable prior-year period.
截至2024年6月30日本季度运营净亏损预计将在120万至140万美元之间,相比上年同期的860万美元净亏损。此外,Motorsport Games预计,2024年6月30日止6个月的营收将在470万至490万美元之间,同比上年同期的350万美元有所增长。
Stephen Hood, CEO of Motorsport Games, stated, "These preliminary results reflect our focused strategy aimed at strengthening our financial position by reducing costs, streamlining operations and focusing on enhancing shareholder value. Our team is dedicated to sustaining this positive trajectory and furthering our concerted efforts in the racing game market with Le Mans Ultimate and our partnership with Kindred Concepts (F1 Arcade)."
摩托运动游戏公司CEO Stephen Hood表明:“这些初步结果反映了我们专注的策略,旨在通过降低成本、简化运营并专注于增强股东价值来增强我们的财务地位。我们的团队致力于维持这种积极的轨迹,并通过Le Mans Ultimate和我们与Kindred Concepts(F1 Arcade)的伙伴关系在赛车游戏市场上进一步努力。”
These preliminary results are based on the most current information available to management and are subject to completion of the financial closing procedures. Further, these preliminary estimates are not a comprehensive statement or estimate of the Company's financial results or financial condition as of and for the quarter ended June 30, 2024. The unaudited preliminary financial information included herein has been prepared by, and is the responsibility of, management. The Company's independent registered public accounting firm has not audited, reviewed, compiled or completed its procedures with respect to such unaudited financial information and, accordingly, such firm does not express an opinion or any other form of assurance with respect thereto. Actual results may differ from these preliminary results. Accordingly, you should not place undue reliance on these preliminary estimates.
这些初步结果基于管理层获得的最新信息,需要完成财务结算程序。此外,这些初步估计并不是公司截至2024年6月30日季度末的财务结果或财务状况的全面陈述或估计。此处所包含的未经审计的初步财务信息由管理层编制,并由其负责。公司的独立注册会计师事务所尚未对此类未经审计的财务信息进行审计、核查、编制或完成其程序,因此,该公司不对此类财务信息表达任何意见或其他形式的保证。实际结果可能与这些初步结果有所不同。因此,您不应过度依赖这些初步估计。
The company assumes no obligation to update these preliminary estimates except as required by law.
公司除法律法规要求外,不承担更新这些初步估计的义务。
About Motorsport Games:
关于Motorsport Games:
Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also serves as the official sim racing platform of Formula E, while also powering F1 Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires.
Motorsport Games是正式的赛车游戏开发商、发行商和电子竞技生态系统提供商,旨在将创新和引人入胜的视频游戏与激动人心的电子竞技比赛和内容相结合,为赛车迷和游戏玩家制作尽可能逼真的赛车游戏。该公司是24小时勒芒耐力赛和FIA世界耐力锦标赛的正式许可视频游戏开发商和发行商,最近发布了早期版本的Le Mans Ultimate。Motorsport Games还拥有业内领先的rFactor 2和KartKraft模拟平台。rFactor 2还作为电动方程式的官方模拟赛平台,并通过与Kindred Concepts的合作为F1 Arcade提供动力。Motorsport Games还是24小时勒芒虚拟系列的屡获殊荣的电子竞技合作伙伴。Motorsport Games正在构建一个虚拟赛车生态系统,每种产品都会带来兴奋,每场电子竞技赛事都会带来冒险,每场比赛都将激发人们的热情。
For more information about Motorsport Games visit: .
欲了解更多有关赛车游戏方面的讯息请访问: .
Forward Looking Statements
前瞻性声明
Certain statements in this press release which are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are provided pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential," and similar expressions are intended to identify such forward-looking statements.
本新闻稿中的某些陈述不是历史事实,而是根据1933年修正案第27A条和1934年修正案第21E条的安全港规定而进行的前瞻性陈述,并根据1995年的《私人证券诉讼改革法案》的安全港规定提供。本新闻稿中的任何不是历史事实的陈述都可能被视为前瞻性陈述。旨在确定这些前瞻性陈述的词语包括但不限于:“继续”、“将”、“可能”、“可能”、“应该”、“预期”、“预期”、“计划”、“打算”、“预期”、“相信”、“估计”、“预测”、“潜在”的表达,以及类似语句。
These forward-looking statements include, but are not limited to, the statements concerning the preliminary financial results on an unaudited basis for the quarter ending June 30, 2024 including the anticipated net income ranging between $1.6 million and $1.8 million, expected net loss from operations for the quarter ending June 30, 2024 to be between $1.2 million and $1.4 million, and expected revenues for the six months ended June 30, 2024 to be between $4.7 million and $4.9 million.
这些前瞻性声明包括但不限于有关2024年6月30日本季度营业额的净收入预计在160万至180万美元之间,预计本季度营运净损失将在120万至140万美元之间,预计截至2024年6月30日的六个月营收将在470万至490万美元之间的声明。
All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Motorsport Games and are difficult to predict. Examples of such risks and uncertainties include, without limitation, the Company's ability to achieve the preliminary results provided.
所有前瞻性声明都涉及重大风险和不确定性,这些风险和不确定性可能导致实际结果与前瞻性声明中所表达或暗示的结果有所不同,其中许多风险和不确定性通常超出Motorsport Games的控制范围,这些风险和不确定性很难预测。此类风险和不确定性的示例包括但不限于,该公司能否实现所提供的初步结果。
Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in Motorsport Games' filings with the Securities and Exchange Commission (the "SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as in its subsequent filings with the SEC. Motorsport Games anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Motorsport Games assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Motorsport Games' plans and expectations as of any subsequent date. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Motorsport Games' website or other websites referenced or linked to this press release shall not be incorporated by reference into this press release.
除了上述所述风险和不确定性之外还有其他因素可能导致实际结果与预期结果存在实质性的差异。更多可能导致Motorsport Games的实际结果与预期结果存在实质性的差异的因素可以在Motorsport Games提交的美国证券交易委员会(SEC)的文件中找到,其中包括其截至2023年12月31日的财年的10-K年度报告,以及随后提交给SEC的文件。Motorsport Games预计,后续事件和发展可能导致其计划、意图和期望发生变化。Motorsport Games不承担任何承诺或义务,明确不打算更新任何前瞻性陈述,无论是因为新信息、未来事件还是其他原因,除非法律明确要求。前瞻性陈述仅限于它们被发表的日期,并且不应被视为代表Motorsport Games计划和期望的陈述。此外,在Motorsport Games网站或与本新闻稿相关或链接的其他网站上发布的商业和财务材料及任何其他声明或披露不会被并入本新闻稿。
Website and Social Media Disclosure
网站和社交媒体披露
Investors and others should note that we announce material financial information to our investors using our investor relations website (ir.motorsportgames.com), SEC filings, press releases, public conference calls and webcasts. We use these channels, as well as social media and blogs, to communicate with our investors and the public about our company and our products. It is possible that the information we post on our websites, social media and blogs could be deemed to be material information. Therefore, we encourage investors, the media and others interested in our company to review the information we post on the websites, social media channels and blogs, including the following (which list we will update from time to time on our investor relations website):
投资者和其他人应该注意,我们使用我们的投资者关系网站(ir.motorsportgames.com)、SEC备案、新闻稿、公开电话会议和网络广播向我们的投资者宣布重要的财务信息。我们使用这些渠道以及社交媒体和博客与我们的投资者和公众沟通我们的公司和产品。我们发布在我们的网站、社交媒体和博客上的信息可能被认为是重要信息。因此,我们鼓励投资者、媒体和其他对我们公司感兴趣的人查看我们在网站、社交媒体和博客上发布的信息,包括以下列表(我们将不时更新在我们的投资者关系网站上):
Websites | Social Media |
motorsportgames.com | Twitter: @msportgames |
Instagram: msportgames | |
Facebook: Motorsport Games | |
LinkedIn: Motorsport Games |
网站 | 社交媒体 |
motorsportgames.com | Twitter:@msportgames |
Instagram:msportgames | |
Facebook:Motorsport Games | |
LinkedIn:Motorsport Games |
The contents of these websites and social media channels are not part of, nor will they be incorporated by reference into, this press release.
这些网站和社交媒体渠道的内容不是本新闻稿的一部分,也不会被纳入参考文献。
Contacts:
联系人:
Investors:
Investors@motorsportgames.com
投资者:
Investors@motorsportgames.com
Media:
PR@motorsportgames.com
媒体:
PR@motorsportgames.com