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Motorsport Games, Inc. (MSGM)

Stock Price: $30.00 USD -1.00 (-3.23%)
Updated Jan 15, 2021 4:00 PM EST - Market closed
After-hours: $30.98 +0.98 (3.27%) Jan 15, 7:29 PM
Motorsport Games, Inc.
Country United States
Founded 2018
IPO Date Jan 13, 2021
Industry Electronic Gaming
Sector Entertainment
Employees 77
CEO Dmitry Kozko

Contact Details

Address:5972 NE 4th Avenue
Miami, FL 33137
United States
Phone (305) 507-8799
Websitemotorsportgames.com

Stock Information

Ticker Symbol MSGM
Exchange NASDAQ
Fiscal Year January - December
Reporting Currency US Dollars
IPO Price $20.00
CIK Code 1821175
Employer ID 83-1463958

Company Description

Motorsport Games is a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, including NASCAR, the iconic 24 Hours of Le Mans endurance race (“Le Mans”) and the associated FIA World Endurance Championship (the “WEC”), the British Touring Car Championship (the “BTCC”) and others.

Through the support of our sole member, Motorsport Network, LLC (“Motorsport Network”), the largest global media company in the motorsport industry, Motorsport Games’ corporate mission is to create the preeminent motorsport gaming and esports entertainment ecosystem by delivering the highest quality, most sophisticated and innovative experiences for racers, gamers and fans of all ages.

Our products and services target a large and underserved global motorsport audience. We develop and publish multi-platform racing video games including for game consoles, personal computer (PC) and mobile platforms through various retail and digital channels, including full-game and downloadable content (sometimes known as “games-as-a-service”).

Since our formation, our NASCAR video games have sold over one million copies for game consoles and PCs. For fiscal year 2019 and the nine months ended September 30, 2020, substantially all of our net revenue was generated from sales of our racing video games.

We are striving to become a leader in organizing and facilitating esports tournaments, competitions, and events for our licensed racing games as well as on behalf of third-party racing game developers and publishers.

Through the nine months ended September 30, 2020, we have facilitated 53 esports events, up from 22 esports events in all of 2019. The total number of people that have watched our esports events in the first nine months of 2020 was approximately 51 million, up from a total of approximately 3.8 million viewers throughout 2019.

Key Executives

NamePosition
Dmitry KozkoChief Executive Officer and Executive Chairman
Stephen HoodPresident
Jonathan NewChief Financial Officer
Neil AndersonDirector
Francesco PiovanettiDirector
Rob DyrdekDirector
James William AllenDirector