The following is a summary of the Motorsport Games Inc. (MSGM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Motorsport Games reported Q3 2024 revenues of $1.8 million, marking a 6.4% increase year-over-year.

• Net loss improved significantly to $0.6 million from $3.5 million in the same period last year.

• Adjusted EBITDA was $0.1 million, compared to a loss of $2.5 million in Q3 2023.

Business Progress:

• The company successfully launched the biggest update to Le Mans Ultimate, introducing significant new features and downloadable content.

• Introduced innovative co-op modes and the save/load feature tailored for endurance racing in Le Mans Ultimate, enhancing technology and gameplay.

• Expanded partnership with F1 Arcade, opening a new venue in Washington, D.C.

Opportunities:

• Continuation of product updates and the introduction of new features such as real-time driver swaps expected to enhance game appeal and functionality.

• Expansion of race control platform and new subscription services could provide significant revenue streams.

• Growing partnership with Kindred Concepts and new venue openings to increase exposure and licensing revenue.

Risks:

• The company expressed concerns about liquidity, noting insufficient cash on hand to fund operations over the next year without additional funding.

• Strategic alternatives and further cost reduction initiatives are being explored to manage financial instability.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.