How did Motorsport Games' revenue and expenses trend in Q4 2024?

In Q4 2024, Motorsport Games (MSGM) experienced a revenue of $0 and incurred significant expenses, resulting in a net loss of $2.88 million. Here's a detailed analysis of the company's financial performance during the period:

1. **Revenue by Business**: The revenue by business for MSGM in Q4 2024 is not available, indicating that the company may not have generated income from its core operations during this quarter.
2. **Gross Profit**: The gross profit for MSGM in Q4 2024 was $903,074. This figure suggests that the company was able to generate some profit before accounting for operating expenses.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Esports|0|186|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Gaming|6713635|186|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Esports|0|186|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Esports|0|186|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Gaming|3029036|186|
|MSGM|MSGM.O|Motorsport Games|20240101-2024|Esports|0|186|

|code|Ticker|Name|Date|R&D Expenses|Gross Profit|Advertising and Marketing Expenses|market_code|
|---|---|---|---|---|---|---|---|
|MSGM|MSGM.O|Motorsport Games|2024 Q1|1063357|2362409||186|
|MSGM|MSGM.O|Motorsport Games|2024 Q2|868745|1110006||186|
|MSGM|MSGM.O|Motorsport Games|2024 Q3|848528|1086223||186|
|MSGM|MSGM.O|Motorsport Games|2024 Q4|597716|903074||186|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|MSGM|MSGM.O|Motorsport Games|2023 Q4|155.08369417921918|2671021|186|
|MSGM|MSGM.O|Motorsport Games|2024 Q1|67.99131881855615|-1683398|186|
|MSGM|MSGM.O|Motorsport Games|2024 Q2|125.45437185902688|2087483|186|
|MSGM|MSGM.O|Motorsport Games|2024 Q3|83.78597630196043|-573025|186|

3. **R&D Expenses**: R&D expenses for MSGM in Q4 2024 were $597,716. These expenses are likely related to the development of new products or services, indicating that the company may be investing in its future growth.
4. **Marketing Expenses**: The advertising and marketing expenses for MSGM in Q4 2024 are not provided, making it difficult to assess the company's marketing efforts during the quarter.
5. **Net Income**: MSGM reported a net loss of $2.88 million in Q4 2024. This indicates that the company's expenses exceeded its revenue during the quarter, resulting in a financial loss.

In conclusion, MSGM's revenue was low, and the company faced significant expenses, leading to a net loss in Q4 2024. The company's R&D expenses suggest an investment in future growth, but the lack of revenue from core operations and higher expenses resulted in a financial setback during the quarter.