Motorsport Games Inc Stock Price, News & Analysis

Le Mans Virtual Series concludes 2021 with the 500 Miles of Sebring on December 18.

The race will start at 8:00 AM EDT, featuring 114 pro and sim race drivers in 38 entries. Key competitors include Team Redline and Floyd ByKolles Burst, closely contesting for LMP championship points. The GTE category sees BMW Team Redline leading by 4.5 points. This event precedes the final round in January 2022, with heightened competition due to double points at stake. Following COVID-19 restrictions, the event will be held online, maintaining safety for all participants.

Motorsport Games (NASDAQ: MSGM) will have CEO Dmitry Kozko and President Stephen Hood participate in a fireside chat at the Canaccord Genuity 2021 Digital Gaming Summit Conference on November 30, 2021, at 1:00 PM ET. The event can be accessed via a live webcast on the Motorsport Games Investor Relations site, with a replay available for one year. Motorsport Games develops and publishes official motorsport video games and esports content, holding licenses for prominent series like NASCAR and INDYCAR. For more information, visit motorsportgames.com.

Motorsport Games has officially launched NASCAR Heat Ultimate Edition+ for Nintendo Switch on November 19, 2021, marking the first NASCAR game on this console. This edition features the 2020 NASCAR season along with the 2021 NASCAR Cup Series cars and customized gameplay options. Players can race on 39 authentic tracks and enjoy various modes such as Career Mode and Online Challenge Mode. CEO Dmitry Kozko expressed excitement over reaching a new audience, while NASCAR's Managing Director highlighted the game’s potential to introduce NASCAR to a broader community.

The 8 Hours of Nürburgring will take place on November 13, 2021, as part of the Le Mans Virtual Series, featuring 114 professional drivers across 38 entries.

This challenging 21 km circuit is known for its complexity, promising an exciting race. The event showcases top race teams, including notable drivers like Jenson Button and Felix Rosenqvist. The live coverage begins at 7:30 AM ET, with full details available through the provided links.

As part of a five-round series, this event has a total prize fund of $250,000 culminating in the prestigious 24 Hours of Le Mans Virtual.

Motorsport Games (NASDAQ: MSGM) reported Q3 2021 financial results with revenues of $2.1 million, down 77% from $9.0 million in Q3 2020. This decline was attributed to the absence of new game releases in the quarter. The firm launched NASCAR 21: Ignition on October 28, 2021, and plans to release NASCAR Heat Ultimate Edition+ for Nintendo Switch on November 19, 2021. Net loss amounted to $6.7 million, or $0.56 per share, versus a profit of $2.6 million in the prior year. The company anticipates full-year 2021 revenues of approximately $20.5 million and an Adjusted EBITDA loss of around $12 million.

Motorsport Games has officially launched NASCAR 21: Ignition, available for PlayStation, Xbox, and PC. This latest installment promises the most authentic NASCAR experience yet, featuring a free upgrade path for next-gen consoles. Players can choose between Standard and Champions Editions, with the latter offering exclusive content, including playable character Bill Elliott and a season pass for additional drivers and paint schemes. The game utilizes the Unreal Engine and rFactor physics for realistic gameplay, immersing players in the 2021 NASCAR Cup Series.

Motorsport Games Inc. (NASDAQ: MSGM) will announce its third quarter financial results on November 4, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss these results. Investors can access the live webcast through the company’s Investor Relations website. Motorsport Games is a leader in video game development for motorsport series, including NASCAR and INDYCAR, and is also known for its esports competitions. The company’s focus on engaging content and partnerships with major racing series positions it well within the gaming and esports market.

Motorsport Games, a leading developer of racing games, announced the release of NASCAR Heat Ultimate Edition+ for Nintendo Switch, set for November 19, 2021. Pre-orders opened on October 15, 2021. This edition features the 2021 NASCAR Cup Series, including cars, drivers, and paint schemes, alongside the existing content from NASCAR Heat 5 Ultimate Edition. The game will offer enhanced modes such as Career Mode with improved stat tracking and online racing for up to 16 players. CEO Dmitry Kozko expressed excitement about expanding the game to a new platform.

Motorsport Games (NASDAQ: MSGM) announces the start of the 2nd stage of the Le Mans Virtual Series, the 6 Hours of Spa Virtual, on October 16, 2021, at 7:30 a.m. EDT. Following a successful first round with over 2.6 million impressions, the event will feature 38 entries racing on a renowned Belgian circuit. The series, a collaboration with the Automobile Club de l’Ouest, includes five rounds, culminating in the 24 Hours of Le Mans Virtual in January 2022.