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Motorsport Games Inc.
5/17/2021
joining us today.
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Thank you for standing by and welcome to the first quarter 2021 conference call and webcast for Motorsport Games, Inc. On today's call are Dimitri Kosko, Executive Chairman and Chief Executive Officer, Stephen Hood, President, and John New, Chief Financial Officer. By now, everyone should have access to the company's first quarter earnings press release filed today after market closed. This is available on the Investor Relations section of Motorsport Games' website at www.motorsportgames.com. During the course of this call, management may make forward-looking statements within the meaning of the federal security laws. These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could cause actual results to differ materially from those described in these forward-looking statements. Please refer to today's press release and the company's filings with the SEC, including the company's annual report on the Form 10-K for the year ended December 31, 2020, and the company's quarterly report on Form 10-Q for the period ended March 31, 2021, for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. In today's conference call, we will refer to the certain non-GAAP financial measures such as adjusted EBITDA as we discuss the first quarter 2021 financial results. You will find a historical reconciliation of these non-GAAP measures to our actual GAAP results included in the press release issued earlier today. We do not provide a reconciliation for adjusted EBITDA on a forward-looking basis because we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is now available without unreasonable effort due to the inherent difficulty of forecasting the timing and amount of certain items such as but not limited to certain acquisition related expenses and stock based compensation expenses as such adjustments have not yet occurred are out of our control and cannot be reasonably predicted, and accordingly, we are unable to address the probable significance of the unavailable information. And now, I would like to turn this call over to Dimitri Kosko, Chief Executive Officer of Motorsport Games.
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