Brief: Motorsport Games Reports Second Quarter 2023 Financial Results

Motorsport Games

21/08/2023 21:34

Aug 21 (Reuters) - Motorsport Games Inc  MSGM.O :
    * MOTORSPORT GAMES REPORTS SECOND QUARTER 2023 FINANCIAL
RESULTS
    * MOTORSPORT GAMES INC - AS OF JULY 31, 2023, COMPANY'S CASH
AND
CASH EQUIVALENTS HAS REDUCED FURTHER TO $1.4 MILLION
    * MOTORSPORT GAMES INC - DOES NOT BELIEVE IT HAS SUFFICIENT
CASH
ON HAND TO FUND ITS OPERATIONS FOR REMAINDER OF FISCAL YEAR 2023
    * MOTORSPORT GAMES - ACTIVELY EXPLORING SEVERAL OPTIONS,
INCLUDING, BUT NOT LIMITED TO STRATEGIC ALTERNATIVES FOR ITS
BUSINESS, FURTHER COST REDUCTION

Source text for Eikon:  ID:nGNX2FknqG 
Further company coverage:  MSGM.O 

 (Reporting by Zaheer Kachwala)
 ((Zaheer.Kachwala@thomsonreuters.com;))