MSGM
Income statement / Annual
Last year (2023), Motorsport Games Inc.'s total revenue was $6.91 M,
a decrease of 33.08% from the previous year.
In 2023, Motorsport Games Inc.'s net income was -$13.05 M.
See Motorsport Games Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$6.91 M
|
$10.32 M
|
$15.08 M
|
$19.05 M
|
$11.85 M
|
$14.76 M
|
| Cost of Revenue |
$3.62 M |
$4.96 M |
$7.53 M |
$6.60 M |
$4.89 M |
$5.60 M |
| Gross Profit |
$3.29 M |
$5.36 M |
$7.55 M |
$12.45 M |
$6.96 M |
$9.16 M |
| Gross Profit Ratio |
0.48 |
0.52 |
0.5 |
0.65 |
0.59 |
0.62 |
| Research and Development
Expenses |
$7.24 M
|
$10.42 M
|
$9.62 M
|
$4.65 M
|
$4.78 M
|
$3.79 M
|
| General & Administrative
Expenses |
$9.37 M
|
$13.76 M
|
$25.38 M
|
$4.34 M
|
$2.61 M
|
$2.75 M
|
| Selling & Marketing
Expenses |
$1.69 M
|
$6.17 M
|
$6.48 M
|
$3.40 M
|
$3.77 M
|
$3.54 M
|
| Selling, General &
Administrative Expenses |
$11.06 M
|
$19.94 M
|
$31.85 M
|
$7.74 M
|
$6.38 M
|
$6.05 M
|
| Other Expenses |
$4.40 M |
$420,137.00 |
$280,192.00 |
$61,579.00 |
$401,622.00 |
$0.00 |
| Operating Expenses |
$22.70 M |
$30.77 M |
$41.76 M |
$12.45 M |
$11.56 M |
$9.85 M |
| Cost And Expenses |
$26.32 M |
$35.73 M |
$49.29 M |
$19.04 M |
$16.45 M |
$15.45 M |
| Interest Income |
$0.00 |
$1.15 M |
$504,156.00 |
$1,339.00 |
$35,728.00 |
$26,250.00 |
| Interest Expense |
$772,989.00 |
$1.15 M |
$504,156.00 |
$718,837.00 |
$0.00 |
$0.00 |
| Depreciation &
Amortization |
$2.12 M
|
$2.49 M
|
$1.79 M
|
$720,179.00
|
$861,872.00
|
$461,489.00
|
| EBITDA |
-$11.43 M
|
-$33.20 M
|
-$31.42 M
|
$757,823.00
|
-$4.89 M
|
-$665,761.00
|
| EBITDA Ratio |
-1.65 |
-2.48 |
-2.16 |
0.04 |
-0.36 |
-0.02 |
| Operating Income Ratio
|
-2.81
|
-2.46
|
-2.27
|
0
|
-0.39
|
-0.05
|
| Total Other
Income/Expenses Net |
$5.09 M
|
-$1.81 M
|
$821,913.00
|
-$681,001.00
|
-$579,451.00
|
$8,381.00
|
| Income Before Tax |
-$14.32 M |
-$36.84 M |
-$33.70 M |
-$679,854.00 |
-$5.76 M |
-$1.15 M |
| Income Before Tax Ratio
|
-2.07
|
-3.57
|
-2.24
|
-0.04
|
-0.49
|
-0.08
|
| Income Tax Expense |
$0.00 |
$10.58 M |
$1.29 M |
$1.83 M |
-$2.81 M |
-$2,323.00 |
| Net Income |
-$13.05 M |
-$47.42 M |
-$34.99 M |
-$2.51 M |
-$2.95 M |
-$2.01 M |
| Net Income Ratio |
-1.89 |
-4.59 |
-2.32 |
-0.13 |
-0.25 |
-0.14 |
| EPS |
-5.06 |
-40.49 |
-18.78 |
-1.41 |
-1.69 |
-1.15 |
| EPS Diluted |
-5.06 |
-40.49 |
-18.78 |
-1.41 |
-1.69 |
-1.15 |
| Weighted Average Shares
Out |
$2.58 M
|
$1.17 M
|
$1.86 M
|
$1.78 M
|
$1.75 M
|
$1.75 M
|
| Weighted Average Shares
Out Diluted |
$2.58 M
|
$1.17 M
|
$1.86 M
|
$1.78 M
|
$1.75 M
|
$1.75 M
|
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