Motorsport Games Inc - Ordinary Shares - Class A

NASDAQ:MSGM   12:59:26 AM EDT
5.51
-0.59 (-9.65%)
Earnings Announcements

Motorsport Games Reports Third Quarter 2022 Financial Results

Published: 11/18/2022 21:13 GMT
Motorsport Games Inc - Ordinary Shares - Class A (MSGM) - Motorsport Games Reports Third Quarter 2022 Financial Results.
Revenues for Q3 2022 Were $1.2 Million, As Compared to $2.1 Million for Q3 2021.
Qtrly Net Loss Attributable to Class A Common Stock per Share: Basic and Diluted $7.29.
Q3 Revenue View $3.2 Million -- Refinitiv Ibes Data (analyst estimates).
Motorsport Games- by Implementing 2022 Restructuring Program, Expects to Eliminate About 20% of Its Overhead Costs Worldwide by End of 2023.
By Implementing 2022 Restructuring Program, Expects to Deliver About $4 Million of Total Annualized Cost Reductions by End of 2023.
Revenue is expected to be $4.13 Million
Adjusted EPS is expected to be -$3.73

Next Quarter Revenue Guidance is expected to be $1.48 Million
Next Quarter EPS Guidance is expected to be -$1.90

More details on our Analysts Page.