Thursday, June 23, 2022

Motorsport Games (MSGM)
Key Factors Investors Are Missing

Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. 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”). Motorsport Games is an award-winning esports partner of choice for 24 Hours of Le Mans, Formula E, BTCC, the FIA World Rallycross Championship and the eNASCAR Heat Pro League, among others.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Patrick McCann, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Non-deal roadshow highlights. Last week, Dmitry Kozko, CEO, hosted meetings for investors in the Midwest. Key highlights include the company’s product roadmap, exclusive world-class licenses, and insights into its financial flexibility in bringing its products to market.

Long runway. The company’s exclusive racing game licenses last up to 10 years. This allows the company a favorably runway to develop and bring to market its games across all its franchises. The company has not changed its product launch roadmap, but could should market conditions warrant.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.