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10-Q: Q1 2024 Earnings Report

10-Q: Q1 2024 Earnings Report

10-Q:2024财年一季报
美股SEC公告 ·  05/15 16:34

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Signing Day Sports, Inc. reported its financial results for the quarter ended March 31, 2024. The company saw a significant increase in net revenues, reaching $234,627 compared to $54,020 in the same period last year, primarily due to increased event and subscription revenue. Cost of revenues also rose to $69,034, up from $16,349 year-on-year. Operating expenses totaled $2,135,694, with general and administrative expenses accounting for the majority at $2,042,969. The company reported a net loss of $2,497,886, widening from a net loss of $865,251 in the previous year. The loss was attributed to higher operating costs and expenses, including a commitment fee related to a new equity financing facility. In terms of business development, Signing Day Sports continued to expand its digital ecosystem for high school athletes and college coaches, with a focus on football, baseball, softball, and soccer. The company's future plans include further growth and expansion of operations, seeking additional capital, and continuing its path to profitability through increased business development, marketing, and sales initiatives.
Signing Day Sports, Inc. reported its financial results for the quarter ended March 31, 2024. The company saw a significant increase in net revenues, reaching $234,627 compared to $54,020 in the same period last year, primarily due to increased event and subscription revenue. Cost of revenues also rose to $69,034, up from $16,349 year-on-year. Operating expenses totaled $2,135,694, with general and administrative expenses accounting for the majority at $2,042,969. The company reported a net loss of $2,497,886, widening from a net loss of $865,251 in the previous year. The loss was attributed to higher operating costs and expenses, including a commitment fee related to a new equity financing facility. In terms of business development, Signing Day Sports continued to expand its digital ecosystem for high school athletes and college coaches, with a focus on football, baseball, softball, and soccer. The company's future plans include further growth and expansion of operations, seeking additional capital, and continuing its path to profitability through increased business development, marketing, and sales initiatives.
Signing Day Sports公司报告了截至2024年3月31日的财务业绩。该公司的净营业收入显著增长,达到234,627美元,而去年同期为54,020美元,主要是由于活动和订阅收入的增加所致。营业成本也从去年的16,349美元上涨至69,034美元。营业费用总计为2,135,694美元,其中一般和管理费用占大多数,达到2,042,969美元。公司净亏损为2,497,886美元,较去年同期的净亏损865,251美元扩大。该损失归因于营业成本和费用的增加,包括与新的股权融资设施有关的承诺费用。在业务发展方面,Signing Day Sports继续扩大其高中运动员和大学教练的数字生态系统,主要集中于橄榄球、棒球、垒球和足球。公司未来计划包括进一步增长和扩大运营、寻求额外资本,并通过增加业务拓展、市场和销售倡议来实现盈利。
Signing Day Sports公司报告了截至2024年3月31日的财务业绩。该公司的净营业收入显著增长,达到234,627美元,而去年同期为54,020美元,主要是由于活动和订阅收入的增加所致。营业成本也从去年的16,349美元上涨至69,034美元。营业费用总计为2,135,694美元,其中一般和管理费用占大多数,达到2,042,969美元。公司净亏损为2,497,886美元,较去年同期的净亏损865,251美元扩大。该损失归因于营业成本和费用的增加,包括与新的股权融资设施有关的承诺费用。在业务发展方面,Signing Day Sports继续扩大其高中运动员和大学教练的数字生态系统,主要集中于橄榄球、棒球、垒球和足球。公司未来计划包括进一步增长和扩大运营、寻求额外资本,并通过增加业务拓展、市场和销售倡议来实现盈利。
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