Motorsport Games Inc. (NASDAQ: MSGM) Officially Licensed Video Game Developer and Publisher for Iconic Motorsport Racing Series Across PC, PlayStation, Xbox, Nintendo Switch and Mobile, Including NASCAR, INDYCAR, 24 Hours of Le Mans and More
Like many traders and investors, we are looking forward to putting 2022 behind us. If 2023 is going to be a turnaround year for long term investors, I believe we need to see a combination of supply chain issues resolved along with inflation taming to a 2-4% level. These events will likely start a more positive narrative. Remember, the markets trade based on forward looking estimates/fundamentals.
We are kicking off 2023 with a great small-cap story on the NASDAQ exchange. The last reported public float on this bad boy is a miniscule 460K shares. So, let’s get right to it…
Motorsport Games Inc. (NASDAQ: MSGM) The Company is the officially licensed video game developer and publisher for iconic motorsport racing series across PC, PlayStation, Xbox, Nintendo Switch and mobile, including NASCAR, INDYCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”), as well as the industry leading rFactor 2 and KartKraft simulations. RFactor 2 also serves as the official sim racing platform of Formula E, while also powering Formula 1™ centers through a partnership with Kindred Concepts.
Continue to evolve scalable technology to ‘wow’ users.
Leverage unique licenses to make more games on different platforms.
Generate content that nurtures the virtual racing community and empowers relationships
between virtual racing fans.
Deliver world-class official esports events that create aspirational ladders for fans.
Tie it all together in a virtual racing ecosystem.
Statistics – Source Yahoo Finance
52 Week Range $2.01 – $48.20
Shares Outstanding – 1.17M Shares in the Public Float – 460K
Market Cap – 26M
Cash on Hand (MRQ) – 3.2M
Annual Revenue (TTM) – 14.78M
Insider Ownership – 60.53%
Institutional Ownership – 2.91%
Advancing Goals via M&A
Completed Acquisitions
Studio 397 – Closed April 20th, 2021
704 Games – Completed acquisition of
remaining shares on April 16, 2021
KartKraft – Closed March 18, 2021
Exclusive Relationships with Iconic Racing Franchises
• World’s #1 Stock Car Auto Racing tour, largest racing series in USA
• Licensed until 2030 for games
• Crown jewel of endurance racing, celebrating their 100th anniversary in 2023
• JV + long-term exclusive gaming and esports license
NASCAR license expires on December 31, 2029; 24 Hour Le Mans / ACO / WEC license expires 10 years starting on the date of the first release of a product; BTCC license expires on December 31, 2026
• USA’s Premier Open Wheel racing series, 2nd largest racing series in the USA after NASCAR
• Entered into long-term gaming and esports license partnership with INDYCAR
• UK’s Leading Touring car racing series, 3rd longest consecutive race series after F1 and
NASCAR
• Licensed until 2027 for both games and esports
Esports Business – The #1 Partner of Choice for the Motorsports Industry
Every Event is an Adventure
• World class production, broadcast and event management expertise and experience:
• On-site studios for esports productions – can also broadcast completely remotely, complete with live commentary
• Distribute broadcasts both online and through traditional television channels
• Expertise across a large range of racing games and platform agnostic
• Large event experience including the Le Mans 24 Hour Virtual Series and Autosport International
Complete end-to-end service including rights holder liaison, commercialization, operations and player management, broadcast and editorial
Massive opportunity in large and growing motorsport, gaming and esports segments
Differentiated platform in racing games and esports
Exclusive strategic relationships with iconic brands
Clear strategy for growth with continued strategic & licensing relationships
Experienced leadership and growing team to execute the plan
We will have an updated profile on MSGM soon.
The Traders News Team
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