Motorsport Games Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8.21	6.91	10.32	15.08	19.05	11.85
Revenue Growth (YoY)	-5.99%	-33.08%	-31.51%	-20.84%	60.71%	-
Cost of Revenue	3.04	3.62	4.96	7.53	6.6	4.89
Gross Profit	5.17	3.29	5.36	7.55	12.45	6.96
Selling, General & Admin	10.1	11.06	19.94	31.85	7.74	6.38
Research & Development	5.9	7.24	10.42	9.62	4.65	4.78
Other Operating Expenses	4.38	4.4	10.04	0.6	0.06	0.98
Operating Expenses	20.38	22.7	40.39	42.07	12.45	12.14
Operating Income	-15.21	-19.41	-35.03	-34.53	0	-5.18
Interest Expense / Income	0.6	0.77	1.15	0.5	0.72	0
Other Expense / Income	-6.23	-7.13	-0.18	-1.87	1.04	-1.61
Pretax Income	-9.58	-13.05	-35.99	-33.16	-1.76	-3.56
Net Income	-9.58	-13.05	-35.99	-33.16	-1.76	-3.56
Shares Outstanding (Basic)	3	3	1	1	2	2
Shares Outstanding (Diluted)	3	3	1	1	-	-
Shares Change	24.20%	120.05%	2.96%	-33.08%	-	-
EPS (Basic)	-3.36	-5.06	-30.73	-29.15	-	-
EPS (Diluted)	-3.36	-5.06	-30.73	-29.15	-	-
Free Cash Flow	-8.1	-12.95	-19.81	-21.7	3.92	-4.53
Free Cash Flow Per Share	-2.97	-5.02	-16.91	-19.07	2.30	-2.67
Gross Margin	62.99%	47.60%	51.96%	50.06%	65.37%	58.75%
Operating Margin	-185.31%	-280.90%	-339.25%	-229.02%	0.01%	-43.68%
Profit Margin	-116.76%	-188.88%	-348.59%	-219.97%	-9.22%	-30.08%
Free Cash Flow Margin	-98.63%	-187.39%	-191.90%	-143.92%	20.56%	-38.25%
EBITDA	-6.77	-10.16	-32.36	-30.87	-0.32	-2.7
EBITDA Margin	-82.41%	-147.08%	-313.39%	-204.79%	-1.67%	-22.80%
Depreciation & Amortization	2.22	2.12	2.49	1.79	0.72	0.86
EBIT	-8.98	-12.28	-34.84	-32.66	-1.04	-3.56
EBIT Margin	-109.39%	-177.70%	-337.47%	-216.63%	-5.46%	-30.08%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).