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,邁阿密(環球新聞社)——賽車遊戲開發商和發行商Motorsport Games Inc.(納斯達克:MSGM)今天公佈了截至2024年6月30日的財務初步未經審計結果。
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.
該公司預計,截至2024年6月30日(即本季度),淨利潤將在160萬至180萬美元之間,相比上年同期的820萬美元淨虧損。
This expected increase in net income is primarily due to:
這一預期淨利潤增加主要是由於:
- 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日與INDYCAR LLC達成的和解及許可協議所帶來的250萬美元收益。
- 與英國房車錦標賽的唯一推廣商BARC(TOCA)LIMITED於2024年4月12日簽署的和解協議所帶來的60萬美元收益。
- 2024年4月26日向Traxion.GG Limited出售非核心資產所帶來的250,000美元收益,其中現金爲200,000美元,Traxion.GG Limited提供的營銷服務價值爲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日本季度運營淨虧損預計將在120萬至140萬美元之間,相比上年同期的860萬美元淨虧損。此外,Motorsport Games預計,2024年6月30日止6個月的營收將在470萬至490萬美元之間,同比上年同期的350萬美元有所增長。
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)."
摩托運動遊戲公司CEO Stephen Hood表明:“這些初步結果反映了我們專注的策略,旨在通過降低成本、簡化運營並專注於增強股東價值來增強我們的財務地位。我們的團隊致力於維持這種積極的軌跡,並通過Le Mans Ultimate和我們與Kindred Concepts(F1 Arcade)的夥伴關係在賽車遊戲市場上進一步努力。”
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.
這些初步結果基於管理層獲得的最新信息,需要完成財務結算程序。此外,這些初步估計並不是公司截至2024年6月30日季度末的財務結果或財務狀況的全面陳述或估計。此處所包含的未經審計的初步財務信息由管理層編制,並由其負責。公司的獨立註冊會計師事務所尚未對此類未經審計的財務信息進行審計、覈查、編制或完成其程序,因此,該公司不對此類財務信息表達任何意見或其他形式的保證。實際結果可能與這些初步結果有所不同。因此,您不應過度依賴這些初步估計。
The company assumes no obligation to update these preliminary estimates except as required by law.
公司除法律法規要求外,不承擔更新這些初步估計的義務。
About Motorsport Games:
關於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是正式的賽車遊戲開發商、發行商和電子競技生態系統提供商,旨在將創新和引人入勝的視頻遊戲與激動人心的電子競技比賽和內容相結合,爲賽車迷和遊戲玩家制作儘可能逼真的賽車遊戲。該公司是24小時勒芒耐力賽和FIA世界耐力錦標賽的正式許可視頻遊戲開發商和發行商,最近發佈了早期版本的Le Mans Ultimate。Motorsport Games還擁有業內領先的rFactor 2和KartKraft模擬平台。rFactor 2還作爲電動方程式的官方模擬賽平台,並通過與Kindred Concepts的合作爲F1 Arcade提供動力。Motorsport Games還是24小時勒芒虛擬系列的屢獲殊榮的電子競技合作伙伴。Motorsport Games正在構建一個虛擬賽車生態系統,每種產品都會帶來興奮,每場電子競技賽事都會帶來冒險,每場比賽都將激發人們的熱情。
For more information about Motorsport Games visit: .
欲了解更多有關賽車遊戲方面的訊息請訪問: .
Forward Looking Statements
前瞻性聲明
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.
本新聞稿中的某些陳述不是歷史事實,而是根據1933年修正案第27A條和1934年修正案第21E條的安全港規定而進行的前瞻性陳述,並根據1995年的《私人證券訴訟改革法案》的安全港規定提供。本新聞稿中的任何不是歷史事實的陳述都可能被視爲前瞻性陳述。旨在確定這些前瞻性陳述的詞語包括但不限於:“繼續”、“將”、“可能”、“可能”、“應該”、“預期”、“預期”、“計劃”、“打算”、“預期”、“相信”、“估計”、“預測”、“潛在”的表達,以及類似語句。
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.
這些前瞻性聲明包括但不限於有關2024年6月30日本季度營業額的淨收入預計在160萬至180萬美元之間,預計本季度營運淨損失將在120萬至140萬美元之間,預計截至2024年6月30日的六個月營收將在470萬至490萬美元之間的聲明。
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.
所有前瞻性聲明都涉及重大風險和不確定性,這些風險和不確定性可能導致實際結果與前瞻性聲明中所表達或暗示的結果有所不同,其中許多風險和不確定性通常超出Motorsport Games的控制範圍,這些風險和不確定性很難預測。此類風險和不確定性的示例包括但不限於,該公司能否實現所提供的初步結果。
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.
除了上述所述風險和不確定性之外還有其他因素可能導致實際結果與預期結果存在實質性的差異。更多可能導致Motorsport Games的實際結果與預期結果存在實質性的差異的因素可以在Motorsport Games提交的美國證券交易委員會(SEC)的文件中找到,其中包括其截至2023年12月31日的財年的10-K年度報告,以及隨後提交給SEC的文件。Motorsport Games預計,後續事件和發展可能導致其計劃、意圖和期望發生變化。Motorsport Games不承擔任何承諾或義務,明確不打算更新任何前瞻性陳述,無論是因爲新信息、未來事件還是其他原因,除非法律明確要求。前瞻性陳述僅限於它們被髮表的日期,並且不應被視爲代表Motorsport Games計劃和期望的陳述。此外,在Motorsport Games網站或與本新聞稿相關或鏈接的其他網站上發佈的商業和財務材料及任何其他聲明或披露不會被併入本新聞稿。
Website and Social Media Disclosure
網站和社交媒體披露
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):
投資者和其他人應該注意,我們使用我們的投資者關係網站(ir.motorsportgames.com)、SEC備案、新聞稿、公開電話會議和網絡廣播向我們的投資者宣佈重要的財務信息。我們使用這些渠道以及社交媒體和博客與我們的投資者和公衆溝通我們的公司和產品。我們發佈在我們的網站、社交媒體和博客上的信息可能被認爲是重要信息。因此,我們鼓勵投資者、媒體和其他對我們公司感興趣的人查看我們在網站、社交媒體和博客上發佈的信息,包括以下列表(我們將不時更新在我們的投資者關係網站上):
Websites | Social Media |
motorsportgames.com | Twitter: @msportgames |
Instagram: msportgames | |
Facebook: Motorsport Games | |
LinkedIn: Motorsport Games |
網站 | 社交媒體 |
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.
這些網站和社交媒體渠道的內容不是本新聞稿的一部分,也不會被納入參考文獻。
Contacts:
聯繫人:
Investors:
Investors@motorsportgames.com
投資者:
Investors@motorsportgames.com
Media:
PR@motorsportgames.com
媒體:
PR@motorsportgames.com