MSGM - Earnings call transcript Q4 2021

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Operator

Greetings. And welcome to Motorsport Games, Inc. Fourth Quarter and Full Year 2021, Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. reminder, is a recorded. As Instructions] this being conference [Operator conference to your I like the over ICR. would now from turn to DeSimone host, Ashley ahead. go Please

Ashley DeSimone

and and Conference Thank Year Kozko, today's is now, Motorsport And to earnings welcome the www. Chairman have Motorsport Chief Dmitry Fourth access you. and Financial Games Executive CEO, the By to on call This are press market filed XXXX should and New, and Call Motorsport Quarter Earnings XXXX Games Webcast. Jon company's On Games Relations Full everyone full-year Motorsport Investor after release, today close. of website available the fourth-quarter Games.com. section at website Officer.

such adjusted XXXX, and XXXX, report refer GAAP today's actual refer the today's discuss Form implied law, federal of statements. this those undertakes today. call results XX, may to EBITDA, uncertainties for detailed conference on will as a are call, described in on annual we including result XX-K management its full-year differ and statements to forward-looking cause December course any update press expectations most to within as based materially make these the or made release its company's year discussion future Please we no forward-looking risks on the from in required management's the cause to to measures, beliefs could Except this differ recent forward-looking to and information, In as of or or laws. events, the risks or - securities materially and the that any for statements results. involve from current of the a certain These statements During SEC, results U.S. actual financial filings non with financial of and needs whether obligation those that call, the expressed otherwise. Fourth-Quarter alter company forward-looking meaning update the statements forward-looking statements, by new as of could certain ended

of to the to well You - other Kozko, turn Games. the Dmitry? directly release like a I'd measures to over non measures, Chief now, as Executive in related comparable press disclosures And will call reconciliation issued GAAP as Officer of find today. most Dmitry these their GAAP Motorsport

Dmitry Kozko

you. And Thank of I'd some start Moscow our whom in situation. team, to hello, the challenging are in everyone. this of by today like midst excusable development and on recognizing

in the and Our hearts impacted are those the of with all Ukraine people by war.

and in half Ukrainian communication Specifically, personal with constant as and peace been our and have myself. desire Moscow a me issue concern I'm I security. for profound team they for share

our the the over working here's While road-map out disruption. it we past what complexity continue challenging product that to is we the build months, minimal through with work, have assured we're of done

always been the we if switch First, able to remote have work need be.

of we especially hurdles, to to not COVID within remain work. peak capabilities the and to again place be some we During process our to temporary remote outbreaks where the foresee infrastructure have pandemic, during We development our team in the flexible. transition, we work lock-downs managed and and to able members the remote do issues scale any and because transition saw other

are delays. additional currently relationships not be product and experienced to that experienced different and professional development studios. studios a worked development. Second, the engage conversations them companies. gaming we ready with great will does assisting consist outsourced great development assure with partnership studios, and we development our if with necessary having highly with leading with have significant many teams These to We're various year, outsource new have us several a developers built last of Especially we over studio pipeline

so. if relocate Third, a to do staff Moscow they and our we to possibility offered able have choose,

one we of team, earlier, opportunity when other I being relocate mentioned gave them I with to offices. advantage conversation the our have I to that this flexible. had As of Earlier the month, global the

offices While U.S. we relocation those acknowledge with and would appreciate Australia, our immigration in implications, and open welcome the and U.K., Netherlands, of complexity the folks such arms. corresponding

product Now, and let's move development. on to road our map

Our goal across IP, all remains top world-class and a to build of across racing portfolio platforms. games

And have an strong This our ETTC, audiences gives holder these game being all to build captivating opportunity of We XX-hour NASCAR, experiences enables the IP to a IP, Lamar. video list the provide racing us of Indycar, and official of list license official games. over world. to us WEC,

NASCAR provide today. patches working of XX an the for Ignition. and Ignition On are XXXX, Since on Here's have October continuous updates where in launch we been update we to diligently improvements.

provide have we quality to game. life updates, of X far the to released continue and improvements So

continue We experiences sure release, make that to bringing the and our gaming all NASCAR products, be satisfying customers. excitement future striving next to and

NASCAR NASCAR Heat franchise launched and in our on Nintendo the named we it gaming +. Edition We Ultimate for also November XXth first Switch platform time

us stars game Positive On that full-version to a of expectations Amazon. delivered KartKraft is we year, this happy smiles for being generate January We to that while a that with game in we're has our over of hold X.X game. above in are released On this of report met potential rating the our we a report KartKraft, Steam KartKraft, simulation a out XXXX carting realistic has future. happy five revenue currently on to as our currently meaningful fans and the Very rated to reviews.

X on gaming touch platform. [Indiscernible] Let's rFactor our

ahead internal to year. of features January of which We in of the this release update. one the interface schedule, have is band, working to by were new user release been most implement our this requested We able

appreciated schedule to release social welcome predictable to more offer community. a able it's X As by the were for we release content and fans rFactor networks, also been schedule. various And and on on trying our our feedback quarterly our very reorganize content user monitored much on

partners. one of ours of Motorsport the as One as X and Our leading simulation Concepts. industry recognized gaming for choice and partner Kindred rFactor of platforms be by go-to new to products is such drivers, leagues continues the

their Formula chosen as has to One, our audience. accessible FX the racing simulation to X platforms an experience. create the partnership, to Formula FX FX made immersive of racing simulation most powering this partnered and And help recreating simulation virtually rFactor with recent some With Kindred deliveries, tracks, Kindred state-of-the-art mass world-famous to the them One the experience we'll experience power authentic be cars, the visitors.

official within racing now that rFactor example sim Heat. Another is that this we of X week, announced platform Formula an

NASCAR in XXXX, PC, In focus overall work XXXX, the masses. and As franchise, for bringing consoles major XXXX on improving games. our and portfolio the NASCAR from our of we to plan next-generation excitement cars season we remains gears of switch expand we our as gaming expanding our the NASCAR to the game update to

our version XXXX platform. well Nintendo launching As new NASCAR games as Switch our for of

gaming as our together our still in previous of Additionally, Mans. three our to NASCAR evolve we with from XXXX. BTC, match already license, The Le that continue launch NASCAR, to be title foundation XX have NASCAR continues Indycar, currently we're franchises Motorsport improve gaming an our being soft franchises, engine, top releases. assure learnings first to a And and NASCAR we to we integrated intend that our next gaming includes important Games Ignition to internally, are into sometime continue that which on mobile to build launch with hyper-casual game franchise under category our

year our to on for us. towards franchises games we market, On out set for we we goal are have vision the platforms. that move with on target from in we to believe where be as the XXXX, multiple we multiple development. continue beginning, multiple to Just And on

our overseeing With leadership responsibility the teams. studios team, development help our of taken for production experienced full and I've

Additionally, decision-making standardized greater tools implemented, process for clarity have role. global will and we allow my

We we promoted also all and this benefit development monitor will progress product our future our have while as to with we to believe new will structure greatly leadership management the We technical capabilities. of releases, together our scale that studios continue experts management, positions. games

We our improve which in we game within will to QA department and future issues process for our locating and believe QA also releases. further our products, assure efficiencies reorganized checkpoints processes QX

Ignition Series with of along series, fans for across came as eSports I digital linear total partners to achieved with of XX-hour starting great rates we like lego our the leverage to games touch are showcasing And our processes release serious believe to virtual type in together XX-hour Goodyear, scale level. of investment such continuing and has this as hit to with serve dedicated at of by our eSports great counterparts segment. off, variety XXXX, And related to COVID and games are virtual the area Mans XXXX, one strive annual NASCAR a BTCC, Lemon bring series pay racing platforms. than tool, that technology, rFactor we look Le XX turned across really exciting competitions, our the believe as more into where marketing our our all NASCAR, on replaced momentum and a These we further been energy, building Algorand, to eSports million partners, such our continue channels. our our on the would We replicate company XX two towards as offer IndyCar, We certain to the into due we multiple XX program highest our these others. and each we'll with Rolex, official techniques, customer we Virtual ESports improving XXXX, enjoyed others ride. our franchises as platform their pandemic. In an to building and of XXXX for the we launch and our events Motorsport will

INDYCAR a eSports quarterly eSports And our organizing forward INDYCAR pillars, in the of We important program these each that me our three pillars constantly with look businesses our grid. and have Allow eSports in to this started almost upcoming progress add quickly inaugural to already community. showcasing scale and we're pro-challenge to materials. games, featuring progress reminder making entire

Lastly, I'd $XX.X Currently, XXXX, year-end hand. that approximately balance we're liquidity. our our illustrates million sheet like debt-free, available and address in on cash had we've to

on million of of today, have nearly As we hand. available cash $XX

evaluating doubt continue funding assets so While acquire options goals. decision reach help on we're with XX-K our us our more about year tables indicates to products a different our sources ability to to resources we a of conscious Form to as concern, have that growing we XXXX, quicker. a the made currently ago, launch new A

portfolio seeing believe games, to and us with each plan that utilized franchises, have through get successfully era. XXXX, profitable that on in stages multiple many remain committed we diversified capable We multiple in markets, based IP to as lifecycle long-tail a to to platforms we have is acquisitions is I high-quality revenues. closer And on their multiple getting of different and with this when at achieving these to

if burn, have that of believe decide interest. in to materially cash hit long-term pause flexibility the that development to is also initiatives a best some order those we we our We in contract on

decisions we all We expect through made I and will keep intend financing updated decisions, upcoming after in move be this as process. these our months, we you finalize to

time to on long it new and pass over review great fact Jon, to Jon beyond, cultivate I these racing. official I community, term for become we virtual to of while over long financials. to would have games me Before With partnerships and that, for licenses with and a sports, we a a our reinforce captive like it period synonymous racing create of let audiences that and the hand

Jon New

compared in prior-year Ignition Heat period. quarter in like in quarter the NASCAR is $X.X million XXXX, the launch the the XXXX third XXst, quarterly of attributable of quarter fourth The largely I'd Revenues for financial versus which the fourth year quarter highlights the were you, XX: launch December NASCAR million of ended to XXXX. fourth X, occurred between to ended Dmitry. for share XXst to gap the XXXX. Thank of December $X.X summary in comparisons

significantly $X the quarterly our Our the costs months XXst million The upfront XXXX by recently December million with associated acquired and for development products are licenses. net and loss new affected three $X.X creating ended XXXX. respectively and for marketing was game comparisons

XXXX, -- higher profit impairment portfolio expenses ended months in XXXX, compensation. The This million was including Company loss three $X.X XXXX, to XX, compared in amortization, that due game million $X.X $X.X million assets, adjusted an XX, partially for ended in by $X.X XXXX, increase the $X $X.X of to for XQ expenses sales gross adjusted operating stock-based the recorded and months the loss XXXX, and from depreciation was games. in expenses, loss for XQ in Our $X.X our intangible adjusted December increase EBITDA was EBITDA build invested out EBITDA December for QX and million to in adjustments XXXX. million $X.X million XXXX offset million operating increase in XXXX, acquisition-related million primarily of million of three $X.X expenses

Ignition, the prior of our to into our XXXX, X XX: Heat released revenues revenues million $XXX primarily of December or of to decrease in interest were driven in schedule, the due thousand the was $XX.X new year, our released acquisition decreased were eSports a ended months $XX.X from in EBITDA a XXXX. following XXXX, ended consolidated reflected a company the million that ended to XX, the from EBITDA results over million sponsorship NASCAR XXXX. was in from in compared by to year Heat December year the as for events ended was been the XXX% 'XX, sales segment time our franchises, ended period, December for XXXX from was of our new being lower year to early method or its eSports XX, million Limited, had our revenues for loss compared earnings generate the develop Revenues $XXX The the to X from XX, for gaming for October December increase game game segment XX, reflecting investments. titles. product fewer For $XX.X to the our Ignition an in year it compared video equity lower in Series NASCAR due there LaMont $X.X game, as from from adjusted new higher $X.X Revenues controlling Whereas of increased XXXX. by This thousand Adjusted initial period, income release revenues, due to which The primarily primarily XX% Series from prior costs was thousand to of December July to and first revenues as NASCAR game XX, XXXX million XXXX, the XXXX. year NASCAR compared NASCAR XX: ended December million timing XXXX, market our year timing and reduction by to in XX, releases. game a The year and year $X.X

I new not We losses develop as our incur expenses for continue to expect the game future for time, to call on back now do we're our will Accordingly, fund not that like At for be months. we turn the incur to existing to providing believe franchises. hand foreseeable cash sufficient we forward operations guidance. Dmitry. to next remarks. XX the this Dmitry closing would to

Dmitry Kozko

which upon Thanks, releases share talent, for game with as significant scale further help we John. Overall, out our components work Acquiring games. our XXXX future was to that to a and passion allowing crown our year out racing look at the attracting life technology processes, long-term stand franchises develop development, us. We for would necessary people multiple us games and by our platform build and and build partnerships. for our will

concern received qualification. audited going the will you Form in statements XX-K As XXXX for note our financial

assured analyze free funds cost aspects near-term However, our up to of achieve that both reductions rest diligently and liquidity. all certain we business to to are working

currently we funding and discussing financing. equity are debt including Additionally, options,

and continue or significant So joining could returns no today you to our Operator? map us generate product we changes ultimately our and shareholders. road now with questions. Thank go let's for for disruption

Operator

At Instructions] questions. you. a please, [Operator we conducting question-and-answer moment, while time, poll for Thank session. One this be we'll

Mike with please with Hickey from proceed comes Our question question. your first The Benchmark,

Mike Hickey

step I afternoon, XX, the guys. experimented with for your know you're -- Thanks hit curious up your had the different of in here Dmitry, release you've Hi where on on guessing view that -- I'm quality of Dmitry be think days side? timing in and thinking on Good backdrop you Jon. you terms you've questions. development upcoming my with will so some where but the what taking can and you disruption a but just NASCAR game.

Dmitry Kozko

Thanks, Mike.

right. So a you're Definitely step absolute up.

and fine-tune you release have you upon to right? one build and one from things time and upon. gets As gain only you there, better more As improve it that gain, more

have which data with with which way July, all of of to Ignition. timing, way game, last all amount as of year done significant done the do beginning we've a to it's we a Heat far end X, the now our like of the from October, As what launch were

amount drastic around before the takes covering we a is available One changes the season available to finale. that the NASCAR as happens the February. beginning to right new essentially, for season, of for a our of cannot out. time all continue the of But way to certain So have make product significant those releases one almost annual sale do, NASCAR thing like half its comes second course, we'd to normally of it walk away, the to closer which

to year So fair or at you think the somewhere on it to And of that to playoffs. so for not being continue would that July, can like assume major on. jumps season, beginning of walk September, type windows released expect steps, August, those October, be month but NASCAR six us closer between time take we the of to last end I

Mike Hickey

the I'm and achievable goal your what around sure revenue which Dmitry, positive I guess That's I obviously if you quality about think you think We EBITDA, of not five, in $XX side, release. XX, NASCAR our in will. Is Heat But XX the has success you're calendar you you're step-up do that's changed. Opex should on is next we can of think million. did that first you do year think would we counter profile 'XX revenues some,, about what giving be should on an guidance. [Indiscernible] here,

Dmitry Kozko

Mike. milestone, a It's

So goal. to it's a wouldn't us say I

held was, And X.X platforms EA in they always we during Nintendo of to mention, units. today, NASCAR the to NASCAR say that data early base for back levels is available more is that's averaging to like franchise goal Xbox XXXXs NASCAR the us, Playstation. very not goals digits years would to X the on That those available were alone, of available with console then. what the Switch get Nintendo that some install million Not the competitive now. where in peaking around switch is they I basis where A is license there's the the installed products. the One hold was and to

just our actually, more also of could we those as we that past the goal previous as they all our to see successful on have is console continue one year, get milestone successful year, that really be game, until the real But to levels, for most alluded, way license, particular with So when the up every numbers the that than could have. NASCAR NASCAR you is title, renewal. journey to this that XXXX,

Mike Hickey

Thanks, Hood Dmitry. Obviously, Last Stephen your development. here, of question. departed head is

And to bringing on you and in double-click been grow if Moscow, just, curious, you said, for talent guess teams? you overall, hear can Just in help, -- you're you think I development do I the to voice. how have that and curious challenging given extremely your to retain in just the doing alluded that's can And looking about you for you guys. you. obviously, have? happening? that that's everything your you but I that and some resources that third-party What are Thanks, development if side, guess

Dmitry Kozko

situation I Ukrainian an emotional would mentioned, just and as part the so the That's I topic one the that in myself, Ukraine. the I'm takes half And heart to least. that's away, Sure. say it's my happening say is challenging

any experiencing not do to the we not teams, concerned, is teams. development funding connections our to interruptions We're our at disruptions. point as to far any this see the As to processes,

ramping each licenses, up around which capabilities, And time. as we capabilities, it hard using licenses of studios the enable is. have what are changes, the the sooner the there like is to outsourced should help shortly the products a monetization are one put, on, me double-click that been do geopolitical when have and to world, of our you mentioned products Now, this those up we longer the on. get I window partners, do about for products multiple same for we the which can partners have so each developed at Look, to technical as we constantly The sense would long products being five time. other us one makes for out, many and commercial these situation

not different as So organically right we continue you will are should maybe affected ones our we of in outsourced global say, more geopolitical those mainly auxiliary like enable as more those products, shifting And some start then we some now partners changes regions, to that those destinations. teams outsourced as of towards can partners situation we'd mobile in of [Indiscernible] products. our scale hyper-casual with the to could all the these [Indiscernible] like

like still of For it's Nintendo our instead core the us, one Xbox, PC, and Playstation, on ones, currently auxiliary an Switch.

Mike Hickey

Thanks, Dmitry.

Operator

comes question Please next Canaccord. from Michael question. with Our with Graham proceed your

Michael Graham

Jon. Dmitry Hi, and thanks. Yes,

on putting some from things kind game. wondering, first going here. the you whole A On of roadmap just development first a were have that some there process maybe things around of sort Maybe late summer, Ignition like like said game you you planning timeframe. future learnings in staff, of of that sort were DLC NASCAR the next game, in player. a When fall the -- game roadmap come reset the And with ignition you releases. features and to changes the out player versus the is I'm in in sort of of

on just first that should edition. if any Ignition you what the expect to the we I'm what thoughts upon game be can us saw may in wondering we see in next So give improvement an

Dmitry Kozko

Look, one the to And started the it. Michael. stability sure from for quality that of the of focus the Thanks thing is products.

So that focus of to that went thing initial our is foundation immediately. one the

capabilities. our feature department foresee way went before we're bolstered we types to and internal sure forward, set thing going what we your processes foresee products track better close is we those our taking want could one will our sure come you what one going there and fixed step and make out. the they ourselves. we that and that at we're look up really first to that We to to from The that identify to a put things to restructure in team So make compliance extremely to and bugs is can constantly question of community the key as those as standard being to local 'XX But see. that

videos set And the actually XXXX making, You now that be. feature great. ten could online should track is for what example, are that of top suggestions

So foresee will as you what paying taking we to could that in we're we much able priority of And attention more into include would they suggestions order to as to their be features. community releases, would. like see this in these annual

So continue desires into up listen them Number X, products. and step community the priority Number their integrate the to to quality. X, take and and the

Michael Graham

in mentioned Thank to expenses you. to ability reduce as the other to cash that And new just then, to order launches, the ask, reduce funding, lean really in structure you to on sources and it your is, that liquidity you to can equate if I necessary. wanted your I And of in relates the profile, and wanted bring one there cost delaying does ask other wanting to burn? game franchises or also are things

Dmitry Kozko

biggest for to is touched development And before right? market. the those marketing, the in-market already products. has of slight marketing product us releases development and The buckets with investments They're

franchises not one platforms, very of on products, first It's franchises. flip each amount there expand on amount those of to speed. the the necessarily and of with it's So the thing, switches could or

those some could that that liquidity stop, until make to and we for products it's foresee things And sure for full be that But could the developments hyper-casual other and the on core cylinders. previously label. platforms franchises those That's Xbox, path not to their an product on, those position. be put hitting talk Nintendo So pause Switch, are mobile, on, But licenses for It's pause, market, of we us. main could some mobile first. maybe in I the right of that Playstation, us. we franchises want the DC, one external might of to our and to we those that our or saying like partners as exhilarating of correct resources the where hold you like label on maybe some could some we [Indiscernible] mentioned, again, as they're far would better a products attaching to of amount or not speed reduce of for, tap

overall, is we our do believe a areas, infrastructure. our we Our lean capabilities. in-depth what investment infrastructure run, and

retained, in So that's whether that contractors the with it's some internal, leveraging we've talent it's to or bolster, regards. and one that externals organic we continue

Michael Graham

much. All right. Thanks very

Operator

Our next Kupinski Noble please Michael proceed your with Capital question comes from with Markets, question.

Michael Kupinski

that down? And been was slightly, that your I release. And have to given any bit engineers. for know little be addressed some directly working this products you've cases my there's wondering about I an I I may could were bit, And just secondly, push tough if but a very planned out mostly you were you a that. a has job you settled were Russia. might for that little in know I situation specific Thank And to taking just improved is of some in utilize wondering was the they the know in that of done I amazing Dmitry situation work. to out talk of in that want employees to that somewhat was question. on those of trying I your workers and to you some if chaotic if congratulate just you had where very in Russia prospect wondering largely just things to the products get what correlation can employees some had market? you whatever you

Dmitry Kozko

comment. Thank that you Michael for

interesting situations was It when an through and to team management being our resilient a tremendous that periods the job COVID think we challenge done unprecedented. are I seems overcome. start business, like has this that we're with faced

us for like a norm new there's it situations. some it's in that Now this one, seems just to operate

far our as job So and for what we I on to a our there studio. to pass management But the managing these specifics to on through have team situations. stepping on does, up as your and the place product studio team doing comment great a dedicated don't particular

so of art an where talent And on. physics approach a have there's a their studios dev, more and departments, department-type a flat engineering, ours. of approach We different there's across find and more they there's

like means case. studio So franchise. necessarily not one specific resources go expanding, more to the it's starts is that a automatically not That

bolstering So our us like get studio, physics, of it's if our not Netherlands we all more start on starts resources. engine to

Unreal answer to implementing carrying NASCAR to with touch question of specifically, Russia, working do the in So products physics. some some on extent. the it your our Engine, They we're

perspective, of sometimes Sometimes our perspectives. from all heart the other studios. But is true that from for

in Moscow Our Orlando look spearheaded of the really capabilities team could our from you studio NASCAR the and studio. our -- Moscow Orlando franchise, of the it's at are studio to expand leveraging

it's all one a for knowledge. hard studio particular really the in this really Cloud, to responsible and capabilities is attach they do So share do just all really specific say location. and tracking not They the that all, franchise. to a one And of is particular

to up that somebody of where started. regardless any was So one our of continue studios resume task initially from task could pick a and

Michael Kupinski

the these wanted seeing out it through and that through question seeing there. instances drops companies that like all Well, interested thanks for very just address have point, price of And that, no are happened had it's in through interest At in it sounds tend the out navigating know issues, where some and company, clarification. that the I you to companies missteps launches. because this in that are and and you know that opportunistic. that there's selling been terms had like in there to these things there in issues hanging stock I be product just and

Dmitry Kozko

your is Michael, company? sell question sure make question. around, the to Just would particularly we I understand your

Michael Kupinski

Yes. and the just We yes. sell company

Dmitry Kozko

portfolio clear of Look, growth a We have right? we have trajectory, amazing very IP.

of for right not now portfolio games and official a the had nobody price we chance of to believe and put done I our personally worth? a which previously this able first What to think price now. IP is existence, were where that That's title product these player to I something kind out part right really haven't experience. unified been a together, to had in licenses tie to a together has

terms racing When players. this race that's we do individual of discipline. racing on does mark us necessarily call take deliver to that means entertain carry start we're games and continue into cultivate a price pinpoint, like put build that as to in and into wouldn't racing we the could trajectory whatever by would showcase to think next from one I able shareholders before to they like but to definitely it if you see actually looks into next adjust racing value points. profile to experienced growth that of we on the want what to their to license, our What going I game, So games as this it, before the we to community, later multi really on try their on hard our

Michael Kupinski

color. the Great, thanks That's Appreciate it. for all had. I

Dmitry Kozko

you. Thank

Operator

next Our comes Davidson. from question with your Please proceed D.A. Franco question. with Granda

Franco Granda

questions ask million letting a NASCAR games Jon for Hi. NASCAR around you everybody. of some Thanks Good in decline $X.X couple a year-over-year. individual me non Can afternoon, here. give details about talked Earlier franchises? the perhaps other

Dmitry Kozko

Hey, you. Franco. to hear from Good

that platform there is there So we release. our other that KartKraft, recently full as markets just the NASCAR besides franchise out we are simulation products a in put currently have

have to platform products our games we which call our for those and also is use facilitate rFactor We eSports that X, what events. eSports the we

on just the As Those could schedule. on release content well that about in as are the a we was product, quarterly you those that franchise. saying found are console that's to And and into if well, segment we're our a available I as taking itself. just currently NASCAR PC. predictable find do presentation up, of, be reorganized UI we UX major it's now ones talking besides in monetizing for KartKraft products. additional pretty road-map update our has both our currently plan which delivery game ramp example, one that for investment concrete we what And now because a we our on did standalone And only a Steam the those inside the the have of have more are

starting NASCAR, even more contributions So to to they're each though expanding that as are allow we and with into official like an one generate revenue Lamont, not are our are stamped they example, of them but contribute well them meaningful, platforms, which standalone those, multiple INDY, license for products for us.

Franco Granda

Right.

thanks. Okay,

the I at you the it look X, But early new since acknowledge it's and fair. uptick, perhaps you given How numbers have? year-over-year maybe seen some maybe new product, release, give comparing you've KartKraft acquired not is so you to the game? that, a game's when Can for news rFactor a if recent as partnerships while. recent the the And out been And so they the obviously, done?

Dmitry Kozko

in haven't a that since growth out assumption reorganize. they when is results, fair particular start especially trajectory, are could It our generate broken meaningful to started that. We we they we start games ones. into each a soon doing Perhaps to

product been out driver one Reorganized a you the users And though, a is of active in even over evolve true. rFactor to been of code in some allowed training that, can it there. time, takes quite us, sophistication. level that that used serious for amount of is like that's delivery is order seems schedule. that support has similar one time. to imagine titles a It's daily demand. games mentioned, Our those are also sophistication, it's product of That's our normally you annual just time, that not that launched sequel for very actually, basis heavily. real And which type X so enormous to This like up simulation content still get for while. facilities,

ago, the been anything, to if drivers, real-world it's benefit problem. real launched that feel, giving the fact been huge on So some evolved a is time how with to supposed that feedback [Indiscernible] and

with proper recent to for platform Formula official platform on week, another license just category. so releasing Steam that the took now holder this and what the packs, rFactor on more E recent it's now like of now launched we series an is that, recent are announced the somebody tracks official to we pack Formula earlier download attached we're season. that that particular So their that did E, we and cars that And is allow a that race

ago, value kind of it's even product that now so was core the beginning it some really ops a the of content, the live So years evolution in grown a much launched in opportunity. has though like almost an

Franco Granda

all an up Dmitry, question And thanks. development about one I following then, team. Right. appreciate earlier color, on the the more

performing, the within the as and is of you to Can [Indiscernible] happy. base the perhaps outside, game Given Games? speak fan some the what happening Motorsport on being employee relative not morale with

Dmitry Kozko

folks But games. are that the good about passionate great part is, truly we racing delivering have that

to That saying, their view terms we're example, those that calling marketing, they of stepping and when what, expectations, were that some in of of. the extremely of morale this, something where's up this you going there something we're So going the beyond And our that benchmark. what own are deliver own that themselves engineering, our for side, their now, or is more individual deliver to is know proud go It's that right? work it's that that's released to see exists, something on we're what tough deserving bugs. on not things seeing short noticing. your -- motive but with not that being elements. look, clearly good, community game is proving a art extent, is That shouted to we out, is rear where's There's the course of as those the on team are mirror, the So right?

right community is Our at that.

their the are after that prove that collection focused we to issues importantly, repeat individual we're that passionate to now. now, don't that's of here deliver creating are individuals super proving And about contribution racing we're something the we are themselves, what everybody levels, their are So to more a that are going but folks market. themselves that of And games. now head, sure those great in make have in type to

Franco Granda

luck Good rest the Dmitry. of year. Thanks, the for

Dmitry Kozko

you. Thank

Operator

Ladies and gentlemen.

closing reached the the question-and-answer end I call back and to remarks. for Kozko to We the of would session, have like turn Dmitry

Dmitry Kozko

your thank belief. your like to and everybody for comments would questions, for for I you again

the the faced yes, all very Yes, set things, geopolitical COVID types some the to things, We clear bumps hurdles, we that in internally of clear, we are to is of which still out purpose us clear, some when is on vision what mission faced accessible and journey the beginning. to we veins on when when and road. Motorsport is of our to is thrill do clear, from But is our make here. has everybody, our the

we road, sure matter to beginning. doesn't bumps what that what we we're pacing we it and making the go So and towards to vision set the deliver our from on do out continue

I just Thank release that and our thank want quarter continue out Again. the to showcase our call. for very continue look much progress to for participating tracking more for So you on will to we just our progress materials every everybody towards call

Operator

This concludes today's conference.

you all participation. disconnect your You your time. for may Thank lines at this

Motorsport Games (MSGM) 30 Mar 222021 Q4 Earnings call transcript