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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