Signing Day Sports, Inc. (the "Company") reported its annual financial performance, business developments, and future plans. Financial Performance: The Company experienced a net loss of $5.478 million for the year ended December 31, 2023, compared to a net loss of $6.674 million in the previous year. The revenue for 2023 was approximately $307,578, with a cost of revenues at $40,387, resulting in a gross profit of $267,191. Operating expenses totaled $5.015 million, primarily driven by advertising, marketing, and general administrative costs. Other income and expenses, including interest expense and income, deferred tax income, and other net income, resulted in a net other expense of $729,939. Business Development: The Company's business activities include providing a digital ecosystem for high school athletes to be discovered and recruited by college coaches. The...Show More

Signing Day Sports, Inc. (the "Company") reported its annual financial performance, business developments, and future plans. Financial Performance: The Company experienced a net loss of $5.478 million for the year ended December 31, 2023, compared to a net loss of $6.674 million in the previous year. The revenue for 2023 was approximately $307,578, with a cost of revenues at $40,387, resulting in a gross profit of $267,191. Operating expenses totaled $5.015 million, primarily driven by advertising, marketing, and general administrative costs. Other income and expenses, including interest expense and income, deferred tax income, and other net income, resulted in a net other expense of $729,939. Business Development: The Company's business activities include providing a digital ecosystem for high school athletes to be discovered and recruited by college coaches. The platform offers personal profiles, video uploads, and evaluation tools for coaches. Future Plans: The Company successfully completed its initial public offering (IPO) on November 16, 2023, with shares listed on the NYSE American. The IPO raised net proceeds of approximately $4.7 million after expenses. The funds are expected to support the Company's growth strategies and operational needs.