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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/19 14:04

Moomoo AI 已提取核心信息

Signing Day Sports announced financial results for Q2 2024, reporting net revenues of $0.44 million, a 157% increase from $0.17 million in Q2 2023. The growth was primarily driven by a $0.19 million increase in event fee payments and $0.08 million rise in subscription revenue. The company's user base expanded significantly with 4,826 total subscriptions by end of Q2 2024.The company reported a net loss of $3.81 million for the six months ended June 30, 2024, compared to $1.65 million in the same period of 2023. Operating expenses increased to $3.40 million from $1.41 million, mainly due to higher legal expenses, stock-based compensation, and corporate regulatory costs. Cash and cash equivalents stood at $35,943 as of June 30, 2024.Management continues to focus on business development and platform expansion across multiple sports. The company has implemented strategic changes including discontinuing free promotional arrangements, reextending app design, and forming strategic alliances with major sports recruiting industry participants. However, substantial doubt remains about the company's ability to continue as a going concern without additional financing.
Signing Day Sports announced financial results for Q2 2024, reporting net revenues of $0.44 million, a 157% increase from $0.17 million in Q2 2023. The growth was primarily driven by a $0.19 million increase in event fee payments and $0.08 million rise in subscription revenue. The company's user base expanded significantly with 4,826 total subscriptions by end of Q2 2024.The company reported a net loss of $3.81 million for the six months ended June 30, 2024, compared to $1.65 million in the same period of 2023. Operating expenses increased to $3.40 million from $1.41 million, mainly due to higher legal expenses, stock-based compensation, and corporate regulatory costs. Cash and cash equivalents stood at $35,943 as of June 30, 2024.Management continues to focus on business development and platform expansion across multiple sports. The company has implemented strategic changes including discontinuing free promotional arrangements, reextending app design, and forming strategic alliances with major sports recruiting industry participants. However, substantial doubt remains about the company's ability to continue as a going concern without additional financing.
Signing Day 体育公布了2024年第二季度的财务结果,报告净营业收入为44万,比2023年第二季度的17万增长了157%。这一增长主要是由于活动费用支付增加了19万以及订阅收入上升了8万。到2024年第二季度末,公司的用户基础显著扩大,总订阅数量达到了4,826个。公司报告截至2024年6月30日的六个月净亏损为381万,而2023年同期为165万。营业费用从141万增至340万,主要由于法律费用、基于股票的薪酬及公司合规成本的增加。截至2024年6月30日,现金及现金等价物为35,943。管理层继续专注于业务发展和多个体育领域的平台扩展。公司实施了战略性变更,包括停止免费促销安排、重新扩展应用设计,并与主要体育招聘行业参与者形成战略联盟。然而,关于公司在未获得额外融资的情况下是否能够持续运营仍然存在重大疑虑。
Signing Day 体育公布了2024年第二季度的财务结果,报告净营业收入为44万,比2023年第二季度的17万增长了157%。这一增长主要是由于活动费用支付增加了19万以及订阅收入上升了8万。到2024年第二季度末,公司的用户基础显著扩大,总订阅数量达到了4,826个。公司报告截至2024年6月30日的六个月净亏损为381万,而2023年同期为165万。营业费用从141万增至340万,主要由于法律费用、基于股票的薪酬及公司合规成本的增加。截至2024年6月30日,现金及现金等价物为35,943。管理层继续专注于业务发展和多个体育领域的平台扩展。公司实施了战略性变更,包括停止免费促销安排、重新扩展应用设计,并与主要体育招聘行业参与者形成战略联盟。然而,关于公司在未获得额外融资的情况下是否能够持续运营仍然存在重大疑虑。
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