Motorsport Games Inc. · NASDAQ:MSGM
Motorsport Games — Q2 2021 Earnings Presentation
11 slides from Motorsport Games's earnings presentation, Aug 11, 2021
Slide 1: Q2 2021 Results
motorsportgames Click to add text Q2 2021 Results August 11, 2021 1
Slide 2: Legal Disclosures
LEGAL DISCLOSURES This presentation has been prepared by Motorsport Games Inc. (“Motorsport Games,” “us,” “our,” “we” or the “Company”). For additional information regarding the Company, we urge you to read our reports filed with the Securities and Exchange Commission (the “SEC”), including our Quar
Slide 3: Header
Header 3
Slide 4: Company Highlights
Company Highlights At the center of large, fast-growing motorsport, gaming and esports categories Exclusive strategic, long-term partnerships with iconic racing brands New franchises, products and revenue streams Pole position in virtual racing esports Building out additional infrastructure to grow
Slide 5: Q2 2021 Highlights
Q2 2021 Highlights Revenue Tracked Ahead of Expectations Revenue Adjusted EBITDA EPS • Q2 Revenues of $2.2M ($3.7M) ($3.8M) ($0.50) ($0.40) • Net Loss for the quarter was $6M $2.2M $1.5M • Adjusted EBITDA was ($3.7M) 2021 Consensus 2021 Consensus 2021 Consensus Q2 Q2 Q2 Key Highlights • Revenue and
Slide 6: Executing Against Our Key Pillars
Executing Against Our Key Pillars • Announced NASCAR 21: Ignition today, pre-orders open tomorrow, launches Oct 28, 2021 Games • NASCAR for Switch targeted to follow in Q4, submitted to lotcheck • NASCAR Match 3 mobile targeted for Q4 soft launch Esports & Entertainment • Concluded Ultimate Summer S
Slide 7: Q2 2021 and Subsequent Business Highlights
Q2 2021 and Subsequent Business Highlights NASCAR 21: Ignition. Today, the company announced the October 28, 2021 launch date of the flagship franchise racing game NASCAR 21: Ignition NASCAR Game for Switch. The target release period has been set for later this year in Q4, following NASCAR 21: Ignit
Slide 8: Q2 2021 Results
Q2 2021 Results (Unaudited) Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Revenues $s 2,238,927 $ 3,888,817 $ 4,713,059 $s 7,123,384 Cost of revenues 906,303 1,272,239 1,688,111 2,340,736 Gross profit 1,332,624 2,616,578 3,024,948 4,782,648 Operating expenses: Sales and m
Slide 9: Adjusted EBITDA
Adjusted EBITDA Net Loss Interest expense, net Depreciation and Amortization EBITDA IPO related expenses Acquisition related expenses Gain attributable to equity method investment Stock-based compensation Adjusted EBITDA Six Months Ended Six Months Ended Quarter Ended Quarter Ended June 30, 2021 Jun
Slide 10: Leveraging Our IP and Growing Our Portfolio
Leveraging Our IP and Growing Our Portfolio 10
Slide 11: 2021 Financial Guidance
2021 Financial Guidance FY21E Revenue $20.5M Adjusted EBITDA* ($10M) The Company expects full-year 2021 net revenues of approximately $20.5 million and Adjusted EBITDA of approximately ($10.0 million). The Company expects to meet or exceed these numbers based on its current business and its anticipa