Motorsport Games Inc Stock Price, News & Analysis

Motorsport Games (NASDAQ: MSGM) will feature CEO Dmitry Kozko, President Stephen Hood, and CFO Jonathan New in a fireside chat at D.A. Davidson’s 20th Annual Software and Internet Conference on September 9, 2021, at 5:00 PM ET. The event can be accessed via a live webcast on the Motorsport Games Investor Relations site. Motorsport Games specializes in developing and publishing video games for various motorsport racing series and is an esports partner for major racing events globally.

Motorsport Games and the Automobile Club de l’Ouest announce the return of the Le Mans Virtual Series in September 2021. This expanded esports championship will feature five rounds, including four online events and a grand finale broadcast live, scheduled for January 15-16, 2022. The series includes high-profile partners like Rolex and Goodyear. The total prize pool for the finale is $250,000, aiming to attract a global audience with races on iconic tracks. More details, including the driver lineup, will be revealed soon.

Motorsport Games has announced the addition of Peter Moore to its Board of Directors, enhancing its leadership with his extensive experience in the gaming and sports entertainment sectors. Moore, currently serving as SVP and GM at Unity Technologies, previously held top roles at EA Sports and Liverpool FC, including being named Premier League CEO of the Year. This strategic move follows Motorsport Games' recent acquisitions, including Studio 397, aimed at growing its esports and racing game capabilities. The company continues to focus on expanding its product offerings, including upcoming titles tied to NASCAR and INDYCAR.

Motorsport Games has announced the release date for its newest title, NASCAR 21: Ignition, set for October 28, 2021. Pre-orders begin August 12, 2021, with early access for those who pre-order. The game will be available on PlayStation 4, Xbox One, and PC. Powered by Unreal Engine and rFactor's simulation engine, it promises enhanced gameplay and realism. Players can also enjoy online multiplayer with up to 40 participants. The game features official NASCAR drivers and teams, along with a detailed career mode and extensive customization options.

Motorsport Games (NASDAQ: MSGM) reported Q2 2021 revenues of $2.2 million, down 42% from $3.9 million in Q2 2020. The net loss was $6.0 million, compared to $32,000 in the prior year. Adjusted EBITDA was (3.7 million), a drop from $0.4 million positive in Q2 2020. The company announced the launch of NASCAR 21: Ignition on October 28, 2021, with pre-orders starting tomorrow. They also acquired Studio397 and all equity interests in 704Games, enhancing their gaming portfolio.

Motorsport Games (NASDAQ: MSGM), a key player in racing game development, will engage in a fireside chat on August 12, 2021, at 12:00 PM ET, moderated by Michael Graham from Canaccord Genuity. This event will provide insights into the company's strategies and future plans. Investors can join the live webcast via the Motorsport Games Investor Relations website, with an archived replay available for one year. Motorsport Games is renowned for developing official video games for prestigious motorsport series like NASCAR and INDYCAR.

Motorsport Games, Inc. (NASDAQ: MSGM) will announce its second-quarter financial results for the period ending June 30, 2021, on August 11, 2021, following the market close. A conference call is scheduled for 5:00 p.m. ET the same day to discuss these results, accessible via the company's Investor Relations website. The management encourages investors to join the call and view an investor video highlighting key achievements for the quarter.

Motorsport Games (NASDAQ: MSGM) has entered a long-term licensing agreement with the NTT INDYCAR SERIES to develop an official racing video game. The game is scheduled for release in 2023 on Xbox, PlayStation, and PC, highlighting Motorsport Games' commitment to providing authentic racing experiences. This partnership aims to enhance fan engagement through new esports events, with further details forthcoming. Both parties express enthusiasm over the collaboration, emphasizing the potential for immersive gameplay that reflects INDYCAR's competitive spirit.

Motorsport Games (NASDAQ: MSGM) announced that CEO Dmitry Kozko will participate in a podcast interview on June 4, 2021, at 9:00 AM ET, hosted by Jeff Kone from The Wall Street Resource. The audio webcast will be accessible on Motorsport Games' investor relations website. The company is known for developing officially licensed video games for major motorsport series including NASCAR and Le Mans, and acts as a key esports partner for various racing events.