Motorsport Games Inc.

MSGM

MSGMMotorsport Games Inc. US flag

NASDAQ Capital Market

4.15

USD

-0.14

- -

22.45MMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	12	19	15	10	7	9	11
+ Sales & Services Revenue	- -	12	19	15	10	7	9	11
- Cost of Revenue	- -	5	7	8	5	4	3	2
+ Cost of Goods & Services	- -	5	7	8	5	4	3	2
Gross Profit	- -	7	12	8	5	3	5	9
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	12	12	42	31	16	10	6
+ Selling, General & Admin	- -	6	8	32	20	11	8	6
+ Research & Development	- -	5	5	10	10	7	3	2
+ Other Operating Expense	- -	- -	- -	- -	- -	-3	-1	-2
Operating Income (Loss)	- -	-5	- -	-34	-25	-12	-5	3
- Non-Operating (Income) Loss	- -	1	1	-1	11	2	-2	-3
+ Interest Expense, Net	- -	- -	1	1	1	1	- -	- -
+ Interest Expense	- -	- -	1	1	1	1	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	1	- -	-1	10	1	-2	-3
Pretax Income	- -	-6	-1	-34	-37	-14	-3	7
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	-6	-1	-34	-37	-14	-3	7
- Net Extraordinary Losses (Gains)	- -	-4	2	-1	-2	- -	-1	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	-4	2	-1	-2	- -	-1	- -
Income (Loss) Incl. MI	- -	-1	-3	-33	-35	-14	-2	7
- Minority Interest	- -	2	-1	1	1	- -	- -	- -
Net Income, GAAP	- -	-4	-2	-33	-36	-14	-3	7
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	-4	-2	-33	-36	-14	-3	7
EBIT	- -	-5	- -	-34	-25	-12	-5	3
EBITDA	- -	-4	1	-32	-23	-10	-2	4
EBITDA Margin (%)	- -	-31.55	3.79	-215.08	-226.13	-148.37	-27.72	38.69
EBITA	- -	-5	- -	-34	-25	-12	-5	3
Gross Margin (%)	- -	58.75	65.37	50.06	51.96	47.6	62.87	81.47
Operating Margin (%)	- -	-38.83	0.01	-226.92	-246.11	-178.98	-57.53	28.76
Profit Margin (%)	- -	-30.08	-9.22	-219.97	-348.59	-207.29	-31.69	61.32
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	1	1	2	2	2	3	1
Basic Weighted Avg Shares	- -	2	1	1	1	3	3	- -
Basic EPS, GAAP	- -	-2.1	-1.76	-29.15	-30.73	-5.56	-0.94	- -
Basic EPS from Cont Ops	- -	-3.39	-0.68	-29.63	-31.45	-5.56	-1.04	- -
Diluted Weighted Avg Shares	- -	2	1	1	1	3	3	- -
Diluted EPS, GAAP	- -	-2.1	-1.76	-29.15	-30.73	-5.56	-0.94	- -
Diluted EPS from Cont Ops	- -	-3.39	-0.68	-29.63	-31.45	-5.56	-1.04	- -

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	9	7	10	25	4	4	3	8
+ Cash, Cash Equivalents & STI	3	2	4	18	1	2	1	5
+ Cash & Cash Equivalents	3	2	4	18	1	2	1	5
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	5	5	6	6	2	1	1	2
+ Accounts Receivable, Net	5	5	6	5	2	1	1	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	1	1	1	1	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	7	6	7	26	15	6	3	4
+ Property, Plant & Equip, Net	- -	- -	- -	1	1	- -	- -	- -
+ Property, Plant & Equip	- -	- -	- -	1	2	1	1	1
- Accumulated Depreciation	- -	- -	- -	- -	- -	1	1	1
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	7	6	7	25	13	6	3	4
+ Total Intangible Assets	7	5	6	25	13	6	3	4
+ Goodwill	1	- -	- -	5	- -	- -	- -	- -
+ Other Intangible Assets	6	5	6	20	13	6	3	4
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	1	- -	- -	- -	- -	1
Total Assets	16	13	17	51	19	10	6	12
+ Payables & Accruals	6	9	15	5	9	2	4	2
+ Accounts Payable	1	- -	1	2	2	1	3	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	5	9	14	3	6	1	1	1
+ ST Debt	4	8	11	- -	- -	- -	- -	- -
+ ST Borrowings	4	8	11	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-4	-8	-11	4	4	5	1	1
+ Deferred Revenue	- -	- -	- -	1	- -	- -	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-4	-8	-11	3	4	5	1	- -
Total Current Liabilities	6	9	15	9	13	8	5	3
+ LT Debt	- -	- -	- -	- -	1	- -	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	1	- -	- -	- -
+ Other LT Liabilities	- -	- -	1	4	3	- -	- -	1
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	1	4	3	- -	- -	1
Total Noncurrent Liabilities	- -	- -	1	4	4	- -	- -	1
Total Liabilities	6	9	16	13	17	8	5	4
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	76	76	92	93	95
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	76	76	92	93	95
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-5	-38	-74	-89	-92	-85
+ Other Equity	- -	- -	- -	-1	-1	-2	-1	-4
Equity Before Minority Interest	- -	-3	-1	37	2	1	- -	7
+ Minority/Non Controlling Interest	9	7	3	1	- -	1	1	1
Total Equity	9	4	2	38	2	2	1	8
Total Liabilities & Equity	16	13	17	51	19	10	6	12
Shares Outstanding	1	1	1	1	1	3	3	5
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	1	- -	- -	- -
Net Debt	1	6	7	-18	-1	-2	-1	-5
Net Debt to Equity	11.4	168.47	424.74	-46.6	-51.45	-80.16	-70.09	-65.87
Tangible Common Equity Ratio	28.54	-25.34	-35.02	49.82	-206.89	-93.52	-73.69	46.48
Current Ratio	1.38	0.78	0.7	2.7	0.3	0.46	0.56	2.25
Cash Conversion Cycle	- -	117.53	79.14	78.43	-23.91	-93.37	-168.56	-279.92

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	- -	-6	-1	-34	-37	-14	-3	7
+ Depreciation & Amortization	- -	1	1	2	2	2	3	1
+ Non-Cash Items	- -	1	- -	13	14	2	-2	-3
+ Stock-Based Compensation	- -	- -	- -	10	1	1	- -	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	1	- -	- -	10	4	- -	- -
+ Other Non-Cash Adj	- -	1	- -	3	3	-3	-2	-3
+ Chg in Non-Cash Work Cap	- -	-1	4	-2	2	-4	- -	-1
+ (Inc) Dec in Accts Receiv	- -	- -	1	-3	1	2	-1	-1
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	-1	- -	- -	- -	1
+ Inc (Dec) in Accts Payable	- -	-1	3	2	1	-4	1	-1
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	-1	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	-4	4	-21	-20	-14	-3	4
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-1	- -	-1	- -	-1
+ Acq of Fixed Prod Assets	- -	- -	- -	-1	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-1	- -	-1
+ Cash (Repurchase) of Equity	- -	- -	- -	64	- -	11	1	2
+ Increase in Capital Stock	- -	- -	- -	64	- -	11	1	2
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	-2	-14	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-2	-14	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	5	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-1	-2	-14	- -	4	1	-1
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	4	- -	-14	2	-1	- -	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	4	- -	49	2	10	1	1
Effect of Foreign Exchange Rates	- -	- -	- -	- -	1	- -	- -	- -
Net Changes in Cash	- -	-1	2	14	-18	- -	-1	4
EBITDA	- -	-4	1	-32	-23	-10	-2	4
EBITDA Margin (%)	- -	-31.55	3.79	-215.08	-226.13	-148.37	-27.72	38.69
Free Cash Flow	- -	-5	4	-22	-20	-14	-3	3
Net Cash Paid for Acquisitions	- -	- -	2	14	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-5	4	-22	-20	-14	-3	4
Free Cash Flow per Basic Share	- -	-2.67	3.82	-19.27	-16.91	-5.6	-0.98	- -
Price/Free Cash Flow	- -	- -	- -	-1.94	-0.25	-0.62	-1.39	- -
Cash Flow to Net Income	- -	1.24	-2.31	0.63	0.54	0.95	1.03	0.59
Capital Expenditures	- -	- -	- -	-1	- -	-1	- -	-1