Motorsport Games (MSGM) Income Statement: Revenue & Earnings

Motorsport Games Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Motorsport Games Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	8.69	6.91	10.32	15.08	19.05
Cost of Revenue	3.23	3.62	4.96	7.53	6.60
Gross Profit	5.46	3.29	5.36	7.55	12.45
Operating Expenses
Research & Development	3.38	7.24	10.42	9.62	4.65
Selling, General & Administrative	7.62	11.06	19.94	31.85	7.74
Operating Expenses	11.26	15.66	30.77	41.76	12.45
Operating Income	-5.80	-12.37	-25.41	-34.21	0.00
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00
Interest Expense	-0.12	0.77	1.15	0.50	-0.72
Other Income/Expense	3.37	-1.18	-10.28	1.01	-0.04
Income
Income Before Tax	-3.05	-14.32	-36.84	-33.70	-0.68
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-2.75	-14.32	-35.99	-33.16	-1.76
Net Income - Continuous Operations	-2.75	-14.32	-36.84	-33.70	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-4.69	-11.43	-33.63	-31.42	0.76
EBIT	-5.80	-13.55	-35.69	-33.20	0.04
Depreciation & Amortization	1.11	0.40	0.42	0.28	0.06
Earnings Per Share
Basic EPS	-1.00	-6.00	-31.00	-29.00	-2.00
Diluted EPS	-1.00	-6.00	-31.00	-29.00	-2.00
Basic Shares Outstanding	2.92	2.58	1.17	1.14	1.08
Diluted Shares Outstanding	2.92	2.58	1.17	1.14	1.08