Latest news with #LeMansUltimate
Yahoo
22-05-2025
- Business
- Yahoo
PRISM MarketView Launches Emerging Sports Index
Emerging sports companies are reshaping the industry through innovation in team ownership, media, data analytics, and the expanding legal sports betting market NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView, a leading provider of unbiased market insight and company news, today announces the launch of its PRISM Emerging Sports Index in response to significant global growth and transformation in the sports industry. The new PRISM index tracks emerging companies elevating the industry through professional sports teams, sports media platforms, athletics data or analytics solutions, and legal sports betting or fantasy sports services. Analysts project that by 2028 the global sports market could reach over $680 billion and is expected to grow at a compound annual growth rate of 9.13% between 2022 and global sports industry is undergoing a transformation driven by digital engagement, data analytics, and the rapid growth of legal sports betting. From traditional team ownership and franchise operations to cutting-edge betting platforms and fan engagement technologies, the business of sports is becoming more dynamic. PRISM MarketView reviewed a selection of the companies set to transform the sports landscape for the next several years. Motorsport Games Inc. Motorsport Games (Nasdaq: MSGM) blends cutting-edge racing video games with dynamic esports competitions and content, delivering immersive experiences for racing enthusiasts and gamers worldwide. Most recently the company reported its first quarter financials posting net income of $1.0 million for Q1 2025, a significant improvement from a $1.7 million loss in Q1 2024, driven by reduced operating expenses and gains from settlements. The company raised $2.5 million in a private placement led by VR company Pimax and saw momentum from its Le Mans Ultimate title, with a major update planned for June. Despite improved financials and increased cash reserves, Motorsport Games continues to explore strategic options and cost-cutting initiatives to address ongoing liquidity challenges. SharpLink Gaming Inc. SharpLink Gaming, Inc. (Nasdaq: SBET) is an online performance marketing company specializing in the sports betting and iGaming industries. The company connects sports fans with licensed sportsbook and casino operators through targeted affiliate marketing strategies, utilizing state-specific web domains and advanced analytics to drive user engagement and conversions. Most recently, SharpLink priced a public offering of up to 1,530,612 shares of common stock at $2.94 per share, expecting to raise approximately $4.5 million in gross proceeds. The proceeds are intended for working capital, general corporate purposes, and other uses outlined in the filed prospectus. Sportsman's Warehouse Holdings, Inc. Sportsman's Warehouse Holdings (Nasdaq: SPWH) is a leading U.S.-based outdoor sporting goods retailer specializing in gear and apparel for hunting, fishing, camping, shooting, and other outdoor activities and sports. Founded in 1986 the company operates over 140 stores across more than 30 states, complemented by a robust e-commerce platform. Most recently the company announced Susan Sanderson as its Chief Marketing Officer, recognizing her pivotal role in driving recent business improvements since joining in July 2024. With over 20 years of experience in omni-channel retail and turnarounds, Sanderson is expected to lead the company's next phase of growth by sharpening brand strategy and enhancing customer engagement. CEO Paul Stone praised her transformative leadership and speed in elevating marketing and e-commerce operations, which have already contributed to the company's momentum. About PRISM MarketView:Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at and follow us on X. PRISM MarketView does not provide investment advice. Contact:PRISM MarketViewinfo@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
12-05-2025
- Automotive
- Yahoo
Motorsport Games Inc (MSGM) Q1 2025 Earnings Call Highlights: Navigating Financial Challenges ...
Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Motorsport Games Inc (NASDAQ:MSGM) received a $2.5 million investment from virtual reality headset manufacturers Pymax, providing significant financial support. Net revenues from the Le Mans Ultimate Racing title increased by $0.4 million in Q1 2025 compared to the same period in the prior year. The company reported an improvement in net income, achieving a net income of $1.0 billion compared to a net loss of $1.7 million in the prior year. Motorsport Games Inc (NASDAQ:MSGM) has improved cash flow from operations, generating an average positive cash flow of approximately $0.1 million per month. The company is exploring new opportunities, including bringing the Le Mans Ultimate game to PlayStation and Xbox consoles, which could expand its audience. Total revenues for Q1 2025 were down by 41.9% compared to the same period in the prior year, primarily due to a decrease in NASCAR-related revenues. The company is no longer authorized to sell NASCAR-related gaming titles starting in 2025, impacting revenue streams. Despite improvements, Motorsport Games Inc (NASDAQ:MSGM) expects to have a net cash outflow from operations for the foreseeable future as it continues to develop its product portfolio. The company is exploring additional funding options to address liquidity shortfalls, indicating ongoing financial challenges. There is a decrease in revenues from the rFactor 2 title by $0.2 million, contributing to the overall revenue decline. Warning! GuruFocus has detected 5 Warning Signs with MSGM. Q: Can you provide more details on the recent $2.5 million investment and its impact on the company? A: Stephen Hood, CEO: The investment was led by virtual reality headset manufacturers Pymax and has provided significant additional breathing room for our business. It has allowed us to further develop our products and assess future potential. This investment has also increased market confidence, with shares trading more than 2.5 times higher than before the announcement. Q: What are the key financial results for Q1 2025? A: Stanley Beckley, CFO: Revenues for the quarter were $1.8 million, down 41.9% from the prior year, primarily due to a decrease in NASCAR-related revenues. However, net income improved to $1.0 million compared to a net loss of $1.7 million in the prior year, driven by reduced operating expenses and other operating income. Q: How is the Le Mans Ultimate Racing title performing? A: Stephen Hood, CEO: Net revenues from the Le Mans Ultimate Racing title were $0.4 million higher in Q1 2025 compared to the same period last year, despite Q1 2024 being the release quarter. This is a positive result, and we plan to release future updates, including team and driver swap functionality, which will enhance the gaming experience. Q: What are the company's plans for expanding the Le Mans Ultimate audience? A: Stephen Hood, CEO: We expect the game to move from early access to a full release this year, unlocking new sales and marketing tactics. We are also exploring console opportunities to bring Le Mans Ultimate to PlayStation and Xbox, with discussions underway with potential collaborators. Q: How is the company's liquidity position? A: Stanley Beckley, CFO: As of March 31, 2025, we had cash and cash equivalents of $1.1 million, which increased to $3.1 million by April 30, 2025, due to net proceeds from a private placement. We continue to explore options to address liquidity shortfalls, including potential equity and debt financing arrangements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
12-05-2025
- Automotive
- Yahoo
Motorsport Games Inc (MSGM) Q1 2025 Earnings Call Highlights: Navigating Financial Challenges ...
Release Date: May 09, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Motorsport Games Inc (NASDAQ:MSGM) received a $2.5 million investment from virtual reality headset manufacturers Pymax, providing significant financial support. Net revenues from the Le Mans Ultimate Racing title increased by $0.4 million in Q1 2025 compared to the same period in the prior year. The company reported an improvement in net income, achieving a net income of $1.0 billion compared to a net loss of $1.7 million in the prior year. Motorsport Games Inc (NASDAQ:MSGM) has improved cash flow from operations, generating an average positive cash flow of approximately $0.1 million per month. The company is exploring new opportunities, including bringing the Le Mans Ultimate game to PlayStation and Xbox consoles, which could expand its audience. Total revenues for Q1 2025 were down by 41.9% compared to the same period in the prior year, primarily due to a decrease in NASCAR-related revenues. The company is no longer authorized to sell NASCAR-related gaming titles starting in 2025, impacting revenue streams. Despite improvements, Motorsport Games Inc (NASDAQ:MSGM) expects to have a net cash outflow from operations for the foreseeable future as it continues to develop its product portfolio. The company is exploring additional funding options to address liquidity shortfalls, indicating ongoing financial challenges. There is a decrease in revenues from the rFactor 2 title by $0.2 million, contributing to the overall revenue decline. Warning! GuruFocus has detected 5 Warning Signs with MSGM. Q: Can you provide more details on the recent $2.5 million investment and its impact on the company? A: Stephen Hood, CEO: The investment was led by virtual reality headset manufacturers Pymax and has provided significant additional breathing room for our business. It has allowed us to further develop our products and assess future potential. This investment has also increased market confidence, with shares trading more than 2.5 times higher than before the announcement. Q: What are the key financial results for Q1 2025? A: Stanley Beckley, CFO: Revenues for the quarter were $1.8 million, down 41.9% from the prior year, primarily due to a decrease in NASCAR-related revenues. However, net income improved to $1.0 million compared to a net loss of $1.7 million in the prior year, driven by reduced operating expenses and other operating income. Q: How is the Le Mans Ultimate Racing title performing? A: Stephen Hood, CEO: Net revenues from the Le Mans Ultimate Racing title were $0.4 million higher in Q1 2025 compared to the same period last year, despite Q1 2024 being the release quarter. This is a positive result, and we plan to release future updates, including team and driver swap functionality, which will enhance the gaming experience. Q: What are the company's plans for expanding the Le Mans Ultimate audience? A: Stephen Hood, CEO: We expect the game to move from early access to a full release this year, unlocking new sales and marketing tactics. We are also exploring console opportunities to bring Le Mans Ultimate to PlayStation and Xbox, with discussions underway with potential collaborators. Q: How is the company's liquidity position? A: Stanley Beckley, CFO: As of March 31, 2025, we had cash and cash equivalents of $1.1 million, which increased to $3.1 million by April 30, 2025, due to net proceeds from a private placement. We continue to explore options to address liquidity shortfalls, including potential equity and debt financing arrangements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
06-05-2025
- Automotive
- Yahoo
Motorsport Games to Report First Quarter 2025 Financial Results
Motorsport Games Inc. Motorsport Games to Report First Quarter 2025 Financial Results Motorsport Games is set to report their Q1 2025 Financial Results on Friday 9th May 2025 MIAMI, May 06, 2025 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) ('Motorsport Games' or 'the Company'), a racing game developer, publisher and esports ecosystem provider of official motorsport racing series, will report its financial results for the first quarter of 2025 on Friday, May 9, 2025 after market close. Management will host a conference call and webcast on the same day at 5:00 p.m. ET to discuss the results. Participants may access the webcast on the Company's investor relations website at under 'Events.' This webcast will be available live and remain accessible as a recording for 12 months following the date of the call. The call may also be accessed live by dialing 1-800-267-6316 or 1-203-518-9783 and using Conference ID 'MOTOR'. About Motorsport Games: Motorsport Games is a racing game developer, publisher and esports ecosystem provider of official motorsport racing series. Combining innovative and engaging video games with exciting esports competitions and content for racing fans and gamers, Motorsport Games strives to make racing games that are authentically close to reality. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including the 24 Hours of Le Mans and the FIA World Endurance Championship, recently releasing Le Mans Ultimate in Early Access. Motorsport Games also owns the industry leading rFactor 2 and KartKraft simulation platforms. rFactor 2 also powers F1® Arcade through a partnership with Kindred Concepts. Motorsport Games is also an award-winning esports partner of choice for the 24 Hours of Le Mans, creating the renowned Le Mans Virtual Series. Motorsport Games is building a virtual racing ecosystem where each product drives excitement, every esports event is an adventure, and every race inspires. For more information about Motorsport Games visit: . Website and Social Media Disclosure : Investors and others should note that the Company announces material financial information to its investors using its investor relations website ( SEC filings, press releases, public conference calls and webcasts. The Company uses these channels, as well as social media and blogs, to communicate with its investors and the public about the Company and its products. It is possible that the information the Company posts on its websites, social media and blogs could be deemed to be material information. Therefore, the Company encourages investors, the media and others interested in the Company to review the information it posts on the websites, social media channels and blogs, including the following (which list the Company will update from time to time on its investor relations website):
Yahoo
18-04-2025
- Automotive
- Yahoo
Motorsport Games Stock Jumps 146% After $2.5 Million Investment Led by Pimax
Motorsport Games (MSGM, Financials) shares surged 145.5% to close at $2.75 on April 17 at 5:08 p.m. ET, before falling 4.39% to $2.63 in after-hours trading, following the company's announcement that it raised approximately $2.5 million through a private placement led by virtual reality company Pimax, according to a statement from Motorsport Games. Warning! GuruFocus has detected 4 Warning Signs with MSGM. The company, which develops racing simulation games including Le Mans Ultimate, entered into a definitive agreement on April 11 with institutional and accredited investors, including an affiliate of Pimax Innovation Inc., to issue nearly 1.9 million shares of Class A common stock and a pre-funded warrant to purchase up to about 378,000 additional shares. The shares were priced at $1.10 each, while the pre-funded warrants carried an exercise price of $0.0001 per share. Motorsport Games said the offering represented a 33% premium over its April 10 closing price. The company closed on $2.4 million of the transaction on April 11, with an additional $100,000 expected to close on April 15. The proceeds are intended to bolster working capital, fund corporate expenses, accelerate product development, and help the company regain compliance with the Nasdaq Capital Market's minimum stockholders' equity requirement. As part of the agreement, investors who purchased at least 50.1% of the securities will have the right to appoint a Class II director to Motorsport Games' board, with a term ending at the 2026 annual meeting. They will also have the right to appoint an individual to the management team, subject to board approval. Motorsport Games Chief Executive Officer Stephen Hood said in the statement that the investment, made at a premium, could boost shareholder confidence. He added that synergies with Pimax could improve the virtual reality offerings of Motorsport Games' racing titles. Pimax Founder and Chairman Robin Weng said sim racing players are a vital part of the company's community and that Pimax plans to deepen its focus on immersive virtual reality experiences for this user base. This article first appeared on GuruFocus. Sign in to access your portfolio
