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10-Q: Q3 2024 Earnings Report

10-Q: Q3 2024 Earnings Report

10-Q:2024财年三季报
美股SEC公告 ·  2024/11/14 13:52

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Signing Day Sports reported Q3 2024 revenues of $55,363, relatively unchanged from $55,212 in Q3 2023. The company's gross profit decreased to $25,104 from $44,974 year-over-year, primarily due to higher cost of revenues. Net loss widened to $1.6 million compared to $0.9 million in the prior year period.General and administrative expenses increased significantly to $1.46 million from $0.57 million, driven by higher legal expenses of $0.35 million, corporate regulatory costs of $0.30 million, and stock-based compensation of $0.13 million. The company reduced advertising and marketing expenses to generate savings of $0.077 million compared to Q3 2023.As of September 30, 2024, Signing Day Sports had cash and cash equivalents of $1,408 compared to total current liabilities of $2.6 million, raising substantial doubt about its ability to continue as a going concern. The company is actively seeking additional funding and exploring strategic alternatives, including a potential acquisition of Dear Cashmere Group Holding Company that could enhance its financial position.
Signing Day Sports reported Q3 2024 revenues of $55,363, relatively unchanged from $55,212 in Q3 2023. The company's gross profit decreased to $25,104 from $44,974 year-over-year, primarily due to higher cost of revenues. Net loss widened to $1.6 million compared to $0.9 million in the prior year period.General and administrative expenses increased significantly to $1.46 million from $0.57 million, driven by higher legal expenses of $0.35 million, corporate regulatory costs of $0.30 million, and stock-based compensation of $0.13 million. The company reduced advertising and marketing expenses to generate savings of $0.077 million compared to Q3 2023.As of September 30, 2024, Signing Day Sports had cash and cash equivalents of $1,408 compared to total current liabilities of $2.6 million, raising substantial doubt about its ability to continue as a going concern. The company is actively seeking additional funding and exploring strategic alternatives, including a potential acquisition of Dear Cashmere Group Holding Company that could enhance its financial position.
Signing Day Sports报告2024年第三季度收入为55,363美元,与2023年第三季度的55,212美元相比基本 unchanged。公司的毛利润同比减少至25,104美元,相较于44,974美元,这主要是由于成本上升导致的。净亏损扩大至160万人民币,而去年同期为90万人民币。一般及行政费用显著增加至146万人民币,较去年同期的57万人民币增长,原因是法律费用增加35万人民币,公司监管成本30万人民币,以及基于股票的薪酬13万人民币。公司减少广告和营销费用,以便与2023年第三季度相比节省7.7万人民币。截至2024年9月30日,Signing Day Sports的现金及现金等价物为1,408美元,而总流动负债为260万人民币,这引发了对其能否持续经营的重大怀疑。公司正在积极寻求额外资金并探索战略选择,包括可能收购Dear Cashmere Group Holding Company,以改善其财务状况。
Signing Day Sports报告2024年第三季度收入为55,363美元,与2023年第三季度的55,212美元相比基本 unchanged。公司的毛利润同比减少至25,104美元,相较于44,974美元,这主要是由于成本上升导致的。净亏损扩大至160万人民币,而去年同期为90万人民币。一般及行政费用显著增加至146万人民币,较去年同期的57万人民币增长,原因是法律费用增加35万人民币,公司监管成本30万人民币,以及基于股票的薪酬13万人民币。公司减少广告和营销费用,以便与2023年第三季度相比节省7.7万人民币。截至2024年9月30日,Signing Day Sports的现金及现金等价物为1,408美元,而总流动负债为260万人民币,这引发了对其能否持续经营的重大怀疑。公司正在积极寻求额外资金并探索战略选择,包括可能收购Dear Cashmere Group Holding Company,以改善其财务状况。
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