Le Mans Ultimate
GameBy Studio 397
Documents about Le Mans Ultimate
Financial report1 page
Motorsport Games Quarterly Report (Form 10-Q): Q3 2023
Motorsport Games faces a critical existential threat as of the third quarter of 2023, characterized by severe liquidity constraints and substantial doubt regarding its ability to continue as a going concern.
- Motorsport Games faces significant liquidity risks, reporting a $17.0 million net loss and negative operating cash flows of $10.1 million for the first nine months of 2023, with management stating current cash is insufficient to fund operations for the next year.
- The company is undergoing a major operational restructuring, including the closure of its Australian development studio and headcount reductions in the United Kingdom, to manage ongoing financial instability.
- Development of the planned INDYCAR video game title has been suspended indefinitely, and the release of 'Le Mans Ultimate' has been delayed from December 2023 to February 2024.
Motorsport GamesNov 2023
Financial report7 pages
Motorsport Games: Q1 2026 Results
Motorsport Games reported significant financial growth for the first quarter of 2026, driven by a substantial increase in revenue and improved operational efficiency.
- Motorsport Games reported Q1 2026 revenue of $4.0 million, a 129.3% increase over the $1.8 million generated in Q1 2025.
- Adjusted EBITDA grew to $1.5 million in Q1 2026, up from $0.6 million in the same period of the previous year.
- The company strengthened its capital structure in April 2026 by repurchasing over 900,000 shares of Class A common stock and cancelling all outstanding Class B shares.
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