Motorsport Games Balance Sheet Health

Financial Health criteria checks 5/6

Motorsport Games has a total shareholder equity of $3.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $7.2M and $4.2M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$529.44k
Equity	US$3.03m
Total liabilities	US$4.18m
Total assets	US$7.21m

Recent financial health updates

Recent updates

Motorsport Games Inc. (NASDAQ:MSGM) Might Not Be As Mispriced As It Looks After Plunging 30%

Apr 17

Bearish: Analysts Just Cut Their Motorsport Games Inc. (NASDAQ:MSGM) Revenue and EPS estimates

Mar 29

Motorsport Games announces 1-for-10 reverse stock split and 2022 restructuring program

Sep 08

Need To Know: Analysts Just Made A Substantial Cut To Their Motorsport Games Inc. (NASDAQ:MSGM) Estimates

Aug 16

Earnings Update: Motorsport Games Inc. (NASDAQ:MSGM) Just Reported And Analysts Are Trimming Their Forecasts

Aug 13

Motorsport Games GAAP EPS of -$0.63 misses by $0.17, revenue of $2.01M beats by $0.18M

Aug 10

Motorsport Games (MSGM) Investor Presentation - Slideshow

Jun 16

Motorsport Games Inc. (NASDAQ:MSGM): When Will It Breakeven?

May 18

Financial Position Analysis

Short Term Liabilities: MSGM's short term assets ($2.2M) do not cover its short term liabilities ($4.1M).

Long Term Liabilities: MSGM's short term assets ($2.2M) exceed its long term liabilities ($49.8K).

Debt to Equity History and Analysis

Debt Level: MSGM is debt free.

Reducing Debt: MSGM has no debt compared to 5 years ago when its debt to equity ratio was 95.9%.

Debt Coverage: MSGM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MSGM has no debt, therefore coverage of interest payments is not a concern.

Motorsport Games Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Nasdaq’s Staff Determines Motorsport Games Complies with the Minimum Stockholders’ Equity Requirement of at Least $2.5 Million for Continued Listing on the Nasdaq Capital Market Pursuant to Nasdaq Listing Rule 5550(b)(1)

Motorsport Games Announces Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Nasdaq’s Staff Determines to Grant Motorsport Games an Extension to Regain Compliance with Nasdaq’s Minimum $2,500,000 Stockholders’ Equity Requirement Until May 15, 2024

Motorsport Games Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock Market

Motorsport Games Regains Compliance with Nasdaq Minimum Bid Price Requirement

Motorsport Games Inc. announced delayed 10-Q filing

Recent updates

Motorsport Games Inc. to Report Q2, 2024 Results on Aug 09, 2024

Motorsport Games Inc. has filed a Follow-on Equity Offering in the amount of $1.000001 million.

Motorsport Games Inc. Provides Earnings Guidance for the Second Quarter Ended June 30, 2024

Nasdaq’s Staff Determines Motorsport Games Complies with the Minimum Stockholders’ Equity Requirement of at Least $2.5 Million for Continued Listing on the Nasdaq Capital Market Pursuant to Nasdaq Listing Rule 5550(b)(1)

Motorsport Games Announces Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus revenue estimates increase by 28%, EPS downgraded

Motorsport Games Inc. to Report Q1, 2024 Results on May 07, 2024

Motorsport Games Inc., Annual General Meeting, Jun 11, 2024

Full year 2023 earnings released: US$5.06 loss per share (vs US$30.73 loss in FY 2022)

Motorsport Games Inc. to Report Q4, 2023 Results on Apr 01, 2024

New major risk - Revenue and earnings growth

Nasdaq’s Staff Determines to Grant Motorsport Games an Extension to Regain Compliance with Nasdaq’s Minimum $2,500,000 Stockholders’ Equity Requirement Until May 15, 2024

Motorsport Games Receives a Deficiency Letter from the Listing Qualifications Department of the Nasdaq Stock Market

Price target decreased by 71% to US$5.00

Motorsport Games Inc. to Report Q3, 2023 Results on Nov 07, 2023

Motorsport Games Inc. Announces Resignation of Dmitry Kozko as Director

Motorsport Games Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2023

Motorsport Games Inc. to Report Q2, 2023 Results on Aug 21, 2023

New major risk - Market cap size

Motorsport Games Inc. Unveils Exciting Update and New Downloadable Content for rFactor 2

Consensus revenue estimates decrease by 18%

First quarter 2023 earnings released: US$2.33 loss per share (vs US$12.97 loss in 1Q 2022)

Motorsport Games Inc. to Report Q1, 2023 Results on May 11, 2023

Motorsport Games Inc. (NASDAQ:MSGM) Might Not Be As Mispriced As It Looks After Plunging 30%

Consensus revenue estimates fall by 45%

Bearish: Analysts Just Cut Their Motorsport Games Inc. (NASDAQ:MSGM) Revenue and EPS estimates

Full year 2022 earnings: EPS and revenues miss analyst expectations

High number of new and inexperienced directors

Motorsport Games Inc. Announces Management Changes

Motorsport Games Inc. Appoints Andrew P. Jacobson as Board of Director

Motorsport Games Inc. announced that it expects to receive $2 million in funding from Alumni Capital LP

Motorsport Games Regains Compliance with Nasdaq Minimum Bid Price Requirement

Motorsport Games Inc. Announces Executive Changes

Motorsport Games Inc. announced delayed 10-Q filing

Price target decreased to US$1.70

Motorsport Games Inc. Announces Round 3 of the Le Mans Virtual Series Descends on the Track for the 6 Hours of Spa

Motorsport Games Inc. to Report Q3, 2022 Results on Nov 10, 2022

Motorsport Games Inc. Appoints John Delta as Part-Time Interim Chief Financial Officer

Motorsport Games Inc. Games Releases 2022 Season Expansion Update for NASCAR 21: Ignition

Motorsport Games Inc. Announces A Season Update to NASCAR 21: Ignition to Reflect the 2022 NASCAR Cup Series Season

Motorsport Games Inc. Announces Resignation of Jonathan New as Chief Financial Officer, Effective September 23, 2022

Motorsport Games announces 1-for-10 reverse stock split and 2022 restructuring program

Nascar Rivals, Motorsport Games’ Official Game of the 2022 Season, to Launch on October 14 for Nintendo Switch

Consensus revenue estimates fall by 13%

Need To Know: Analysts Just Made A Substantial Cut To Their Motorsport Games Inc. (NASDAQ:MSGM) Estimates

Price target increased to US$3.25

Earnings Update: Motorsport Games Inc. (NASDAQ:MSGM) Just Reported And Analysts Are Trimming Their Forecasts

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Motorsport Games Inc. Reports Impairment Charges for the Three Months Ended June 30, 2022

Motorsport Games GAAP EPS of -$0.63 misses by $0.17, revenue of $2.01M beats by $0.18M

Motorsport Games Inc. to Report Q2, 2022 Results on Aug 10, 2022

Motorsport Games Brings Two Titles to NVIDIA GeForce NOW

Motorsport Games Receives Deficiency Letter from Nasdaq

Consensus revenue estimates fall by 11%

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Motorsport Games Inc. Announces Unaudited Consolidated Impairment Charges for the First Quarter Ended March 31, 2022

Motorsport Games Inc. to Report Q1, 2022 Results on May 16, 2022

No longer forecast to breakeven

High number of new and inexperienced directors

Consensus revenue estimates fall by 38%

No longer forecast to breakeven

Motorsport Games Inc. Announces Unaudited Consolidated Impairment Charges for the Quarter Ended December 31, 2021

Motorsport Games Inc. Announces Official Kartkraft Launch

No longer forecast to breakeven

Third quarter 2021 earnings released: US$0.56 loss per share

High number of new and inexperienced directors

Independent Director Rob Dyrdek has left the company

Motorsport Games Inc. Announces the Release Date of NASCAR 21: Ignition